Central banks are undertaking extensive work on digital currencies to improve the cost, security, speed and reach of transactions to eventually accelerate the growth of cashless ecosystems, with the Chinese central bank seemingly ahead
As the role of corporate treasury evolves beyond its traditional core functions of cash and liquidity management, banks are making substantial investments into new technologies to simplify corporate to multi-bank connectivity.
Pressure on margins from increased competition and compliance requirements is forcing the industry to recalibrate its trade finance offerings. While institutions know that trade digitalisation is important for the future of the business, success relies heavily on deeper coordination and collaboration between the myriad participants in the trade finance ecosystem and technology enablers
The banking industry in Asia Pacific will continue to be stable, but will face persistent dark clouds and headwinds. Slower growth, trade disruptions, financial asset repricing and high private sector leverage emerge as top industry risks for 2019
This year, conversations at SIBOS centred on customer experience, co-creation, security, and technology resonating deeply with the event theme. As consumers and businesses migrate to the digital channels, financial services providers are mapping their own transformational journeys to drive service innovation