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IBS Journal August 2017


IN THIS ISSUE AUGUST 2017 / ISSUE 27.03


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


Senior Editor Bill Boyle Tel: +44 7909 954 991


Email: billb@ibsintelligence.com


Senior Reporter Alex Hamilton Tel: +44 7555 518 679


Email: alexanderh@ibsintelligence.com


Junior Reporter Henry Vilar Tel: +44 7747 357 769


Email: henryv@ibsintelligence.com


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


Email: angusc@ibsintelligence.com


Account Executive Rushikesh Dixit Tel: +91 9820 888 569 Email: rushikesh.dixit@ibsintelligence.com


Account Executive Ridhie Kheria Tel: +91 7208 306 364


Email: ridhiek@ibsintelligence.com


Head of Research Ashwin Ramakrishnan Tel: +91 9819 148 693


Email: ashwinr@ibsintelligence.com


Marketing Manager Abhijit Chakravarty Tel: +91 7718 868 804 Email: abhijitc@ibsintelligence.com


Production editor Debbie Oliver Email: debbie@deboraholiver.co.uk


IBS Intelligence


A Division of Cedar Management Consulting International LLC


Email: info@ibsintelligence.com


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ISSN: 0965-674X Visit our website: www.ibsintelligence.com


FINASTRA AIMING TO MAKE IMPACT AT SIBOS News in brief


ATM harmonisation a foundation for consumer trust in banks RBS slapped with $5.5bn charge by US regulators


Regulation adaptation still a worry for NA and APAC exectutives Deutsche Bank and Citigroup plan to strengthen operations in Frankfurt Can London weather the Brexit storm and hold its fintech crown? Kiwibank facing trouble with SAP core banking implementation BTCC’s Lee: cryptocurrency “running amok” without regulation 17 The universal digital identity – how to get it right?


Mitigating your cyber exposure, whatever the scale of your business Islamic banking – the real alternative to conventional banking


06 08 09 10 11 12 14 15 18 19 20


03


FEATURE FOCUS Cyber security


Save the data – GDPR deadline looms for unprepared banks Time to log into cyber insurance


Building a new immune system for the internet The year of living dangerously


REGULARS Editor’s Note:


Gulf African Bank first to use latest Java-based iMAL: The Big Interview: Who’s bought what? Startup of the month: On the move:


Data exchanges hold the secret of the new super-fast internet: Backchat | Diary:


23 24 27 30 33


05 16 35 40 42 44 46 47


www.ibsintelligence.com


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