Infrastructure Insights

It will take a couple of years for BNY Mellon to cleanse its data so it can be used across the company, according to the bank's global head of digital partnerships, Lucien Foster. “We are creating a data lake for ourselves and that is really the foundation of what the digital group is looking at and hydrating that lake,”... read more

Challenges around scalability and cost pressures have resulted in an inability to create a viable commercial use case for blockchain technology, according to two bankers. “We know that blockchain does suffer from scalability issues, which is one of the challenges,” said Rob Scott, managing director and senior banker at... read more

Banks have allowed fintechs to take a large portion of market share, according to Paul Maley, managing director, head of corporate bank UK and Ireland at Deutsche Bank “[Banks] have as a community allowed the fintech and certain providers to actually take away a lot of market share, a lot of access to clients, and therefore, a lot of... read more

Barclays has run into problems when project managing end-to-end system upgrades, according to Martin King, head of process transformation for risk, finance and technology at the UK bank. "Where we have had our fingers burned in the past is where we have tried to interface things like bots with many, many strategic systems across an... read more

Modernising retail banks’ infrastructure is so time consuming and expensive that many will look to migrate customers to new digital subsidiaries, according to Tim Hooley, chief technologist, EMEA Financial Services at Red Hat. “If you have monolithic software you cannot be innovative,” said Hooley, who was... read more

Monitoring third party’s cyber security is a growing concern for banks, according to Paul Williams, senior technical advisor, operational risk and resilience at the Bank of England (BoE). “Cyber has been a key topic for the entire duration that I have been in the role at the bank, which has been five or six years,” said... read more

Bitcoin futures have been trading for almost two years now – but the marketplace for those trades has been a relatively quiet one. Both the derivatives marketplace CME Group and the Chicago Board Options Exchange (CBOE) introduced rival futures products in December 2017. Yet after a tepid uptake, CBOE abruptly announced it would be... read more

A large portion of financial crime is going undetected due to data problems causing high levels of false positive rates in financial institutions’ fraud detection systems, according to Stuart Breslow, managing director of technology and policy at Google. “The error rate was very gently put as significant,” said Berslow on a... read more

The immediate outlook for the euro doesn’t look set to improve, according to David Bloom, head of FX research at HSBC. “We've just recently seen the ECB cut rates and do some fancy QE or whatever it was. They are getting desperate. If you saw the numbers today, they are absolutely awful,” said Bloom at the Sibos conference... read more