IBS Journal December 2016
37
“WITH AN INCREASINGLY COMPLEX REGULATORY LANDSCAPE AND MIFID II
DEADLINES APPROACHING, 2017 WILL SEE REGTECH MOVE BEYOND THE BUZZ”
Finally, firms are going to increasingly start to explore turning the unwanted cost of regulatory compliance into a revenue generator in itself. The ability of many RegTech solutions to capture unprecedented amounts and until now, unavailable pieces of data will galvanise the industry
into using it for business value enhancing activity.” Rory McLaren, Senior Vice President of Regulatory Reporting Services, Deutsche Börse
“We see blockchain, real-time payments technology and utilities as being some of the most exciting areas to watch in 2017. Blockchain has the potential to be a real liberator of operational processing by eliminating the need to reconcile – or match and verify – data points across systems, counterparties and processes. This technology is going
to bring harmony to the back office, and it’s going to sit at the heart of faster payment solutions and other payment innovation.
The ability to innovate on top of real-time payments in a contextual environment is ‘the killer app’ for banks – the excitement comes from the unknown potential of “overlay” or supplementary information that will travel alongside traditional payment settlement details. There is almost no limit to the services that could be delivered through intelligent use of infrastructure that is being laid down today.
Finally, 2017 will be the year to utilise utilities. Utilities reframe the market, allowing, for example, institutions
www.ibsintelligence.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
