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IBS Journal July 2018


IN THIS ISSUE JULY 2018 / ISSUE 29.03


Chairman, Cedar Sanjiv Anand Email: sanjiva@ibsintelligence.com


Senior Editor Bill Boyle Tel: +44 7909 954 991


Email: billb@ibsintelligence.com


Senior Fintech Reporter Alex Hamilton Tel: +44 7555 518 679


Email: alexanderh@ibsintelligence.com


Design & Production Simon Turner Email: simon@west-hill.co.uk


Advertising Sales Manager Angus Chapman Tel: +44 7958 691 538


Email: angusc@ibsintelligence.com


Business Director Amit Jain Tel: +91 9867 625 058 Email: amitj@ibsintelligence.com


Business Development Lead - Asia Pacifi c & Americas Rushikesh Dixit Email: rushikesh.dixit@ibsintelligence.com


Business Development Lead - MENA Ridhie Kheria


Email:ridhiek@ibsintelligence.com


Business Development Lead - Americas & Europe Sayed Ali Email: sayeda@ibsintelligence.com


Business Development Lead - Americas & Europe Abhilash Pillai Email: abhilashp@ibsintelligence.com


Business Development Lead - Americas & Europe Devesh Arora Email: devesha@ibsintelligence.com


Business Development Lead - Europe Cristian Tarcatu


Email: cristiant@ibsintelligence.com IBS Intelligence


A Division of Cedar Management Consulting International LLC, Tel: +44 2075 202 630


UK/Europe Lenta Business Centre, Suite 105, 180-186 Kings Cross Road, London WC1X 9DE, UK


Americas 55 W. Jackson Boulevard, Suite 557 Chicago, IL 60604, US


ISSN: 0965-674X VENTURE CAPITALIST & ACADEMIC


REGULARS Editor’s note


Who’s bought what The month in fi gures


Startup of the month: Cygnetise Backchat | Diary


05 44 47 48 50


Fintechs will be derailed by lack of governance, warns FSCOM chief Could cryptocurrency cure Venezuela’s economic blight?


Half of 18-34-year-olds would rather bank with Amazon or Facebook Don’t chuck the customers out with the branch closures, banks warned Opinion: Who wins the 2018 Economic World Cup?


06 07 08 09 10


Events: Not a major bank in sight as tech fi rms fl ocked to MoneyConf 2018 12 Events: The “greatest fi ntech show on earth” lights up Amsterdam Case study: WheelsEMI implements Nelito Systems’ FinCRAFT™


14 16


Interview: Sophie Guibaud, managing director for Europe at Fidor, on diversity 18 Events: Avaloq conference roundup


19


Interview: Fidessa’s head of post-trade strategy David Pearson talks blockchain 20 How technology is making travel easy for millennials


Q&A: Infrasoft Technologies talk about a host of pioneering initiatives Opinion: Where will Open Banking take us?


Opinion: The biometric EMV card: the next trend in banking technology FEATURE FOCUS - MACHINE LEARNING


From back offi ce to centre stage: the rise of robotic process automation Artifi cial intelligence is steering the banking ship


The uses of machine learning in the banking sector are many and varied How to get your machine learning right


BIG INTERVIEW: PROF DAVID CHERITON 36


24 28 32 34


21 40 42 46


03


www.ibsintelligence.com


Jonathan Sprague


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