Banking Technology June 2018 issue out now
Banking Technology June 2018
A sublime eternal tune to the rhythms of fintech.
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
A note from our editor-in-chief, Tanya Andreasyan:
This month’s editor’s note comes to you from the Temenos Community Forum (TCF) in Dublin, the banking tech vendor’s biggest one yet, with nearly 1,500 people from over 100 countries in attendance.
The keynote was delivered by Ireland’s prime-minister Leo Varadkar, who stressed the country’s commitment to the European Union, free trade and securing a position of “a leader, not follower” among tech hubs worldwide.
He emphasised the importance of education (“key to transformation”), digitalisation (which the government fully supports and “leads by example”, he said) and making sure the innovations benefit the people of Ireland (raising living standards, provisioning good jobs, providing a work-life balance, improving the infrastructure, investing and healthcare and education etc).
The theme of TCF was “digital to the core” (clever pun!), and whilst Temenos is known for its T24 core banking system, its CEO David Arnott feels that the company has now moved beyond the core and is ramping up its capabilities in payments, front office and anti-money laundering (AML).
“In software, whoever is the biggest – wins,” Arnott stated in his opening speech.
As for banks, software modernisation – front-to-back office – is “the future”, he said.
“The fundamentals of banking remain unchanged,” Arnott noted. “Deep domain expertise and technology are paramount.
“However, technology on its own can help, but it can take you only so far,” he continued. “On its own, it won’t change the industry.”
Change must engulf two more areas in addition to technology: cultural change and business model change. These are “prerequisite” for success going forward.
“Banks can be better platforms but they also must become challengers themselves,” he suggested. He cited Openbank, Santander’s digital banking subsidiary in Spain as an example (which is a T24 user).
Other big brands engaged in similar endeavours are RBS in the UK, which is building a digital bank for less financially fortunate and savvy customers of its NatWest subsidiary; Virgin Money, which is too building its own digital bank; and Santander in the UK, which is creating a digital lending platform for SMEs. Challenge the challengers!
The June 2018 edition of Banking Technology features:
Payments commentary
Learning the B2Cs of e-commerce.
Food for thought: tenacity
The least glamorous life skill and the greatest business asset.
Spotlight: cryptocurrencies
IMF’s even-handed approach to crypto-assets.
Case study: Mynt
Philippine’s largest telco moves into micro-lending space.
Stargazing
Banks classified as stars
Mobile banking case study: RBC
Cutting-edge tech can wait. Tackling everyday issues customers have.
Spotlight
Core components of an AI programme.
Fintech funding round-up
Who got the dosh and who parted with it.
And not to forget the Regulars of course:
News – the good, the bad and the ugly.
Appointments – the movers and the shakers.
Industry events – mark your calendars!
Out of office – a slice of satire.
Click here to read the digital edition of Banking Technology June 2018
