IBS Journal December 2017


IN THIS ISSUE DECEMBER 2017 / ISSUE 28.08


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


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


Senior Designer Shweta Jaiswal Email: ShwetaJ@ibsintelligence.com


IBS Intelligence


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REGULARS NORTHERN TRUST


Editor’s note


The Big Interview: Dan Houlihan, Northern Trust Start up of the month - Algomi Who said what On the move


Who’s bought what Backchat | Diary


05 38 44 47 48 50 51


BIG INTERVIEW: DAN HOULIHAN 38


Blockchain bubble may burst as a result of security holes FirstRand ties up £1.1bn deal with Aldermore


Revolut goes into overdrive with new licence, processor and director New form of virulent bank malware attacks the US and UK


Open banking mindset driven by regulation, technology and culture Bury FC goes cashless with Tappit


European Banking Authority closes PSD2 consultation period Temenos wins Tier 1 deal in the US


N26 taking applications for UK early access launch


Banks fail to cater for SMEs’ personalisation and digital needs One in five UK ATMs could be scrapped by 2021


Bank of England foresees 75,000 job losses due to Brexit Brexit, fintech and the tech giant threat


07 08 09 10 11 12 13 14 15 16 17 18 19


FEATURE FOCUS - 2017 REVIEW AND 2018 PREVIEW Cedar Chairman Sanjiv Anand – The Digital CEO


Banks adopting hybrid – cloud as vendors push public cloud offerings Compliance and analytics – a starting point for AI


03


22 25 37


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