IBS Journal November 2016


41


72% of British bankers taking part in Synechron research have brushed off Brexit fears, saying London will still


be the financial centre of Europe in five years’ time. The consulting and technology organisation conducted a survey of 80 FS executives working in capital markets in UK-based banks. Many are no longer waiting for the Government to trigger Article 50 and have begun setting up Steering Committees to plan for life outside the EU, with some already considering relocating staff to other cities around Europe.


56% believe that compliance costs will increase following Britain’s decision to leave the EU, with not one executive expecting regulatory costs to decrease. This contrasts a popular view that Brexit would reduce red-tape for financial institutions. While 78% of executives stated that it will have a negative impact on UK financial markets, 82% also think the EU will be similarly affected. This could, in part, be because 51% argued Britain is in a position to negotiate a bespoke trading relationship with the EU that is tailored to the interests of the UK. 19% of respondents said the UK should pursue the ‘Norway option’ and negotiate to remain part of the European Economic Area, whilst 18% favoured the ‘Swiss model’ and negotiation of bilateral treaties.


£300 MILLION… UK FI-backed person-to-person mobile payments service Paym has processed over £300


million in transactions since launching in April 2014. The rate of growth for registered users has, however, slowed this year, rising just 250,000, to 3.5 million. Seventeen banks and building societies offer the service, which works by linking a customer’s mobile number to their bank account.


73%… The vast majority of global banks believe emerging competitors will have a significant impact in


payments, according to Infosys and Efma’s 8th annual Innovation in Retail Banking Report. The study, which surveyed 158 banks from 58 countries, found that they are more likely to collaborate with startups to stay competitive; 73% see this as the best way to leverage new technologies. 32%, meanwhile, are making direct investments into startups


For half those surveyed, legacy technology environments are the biggest barrier to digital transformation, followed by a lack of unified vision (44%) and a lack of skills and expertise (38%). Three quarters now have an innovation strategy in place and 69% believe they are becoming more innovative, but the proportion of those increasing investment has fallen to 78% from 84% last year.


The most disruptive new technology is advanced analytics and Big Data, with 79% claiming it is having a significant impact now or will have within in the next two years. This is followed by mobility and wearables (75%) and open APIs (69%). A fifth are launching or considering launching a digital-only bank as a strategy for dealing with digital transformation.


4 MILLION… China and India will be responsible for the majority of growth in the global ATM market over the


next few years as vast numbers of people open bank accounts for the first time. Four million ATMs will be installed worldwide by 2021, according to RBR. Asia-Pacific will increase by 46% and will account for well over half of the global total by 2021. The Middle East and Africa will be close behind, with similar drivers, although the numbers of ATMs involved are far smaller. By contrast, growth in other regions will be significantly lower, at 7% or less.


Cash usage remains resilient in the face of increased uptake of cards and mobile. With the exception of central and eastern Europe (CEE), all regions saw ATMs expand during 2015. Although the likes of China and India are seeing the greatest rate of expansion, in most established markets, such as western Europe and North America, the number of terminals and the number of cash withdrawals is still increasing.


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