IBS Journal February 2018
IN THIS ISSUE FEBRUARY 2018 / ISSUE 28.10
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
Design & Production Simon Turner Email:
simon@west-hill.co.uk
Advertising Sales Manager Angus Chapman Tel: +44 7958 691 538
Email:
angusc@ibsintelligence.com
Senior Account Executive Cristian Tarcatu Tel: +44 7764 838 741
Email:
cristiant@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
Digital Marketing Manager Shadab Khan Tel: +91 9920 739 363
Email:
ShadabK@ibsintelligence.com IBS Intelligence
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Editor’s note
The Big Interview: Hans Tesselaar, BIAN Good month/bad month
Start up of the month - Emma The month in fi gures Who’s bought what On the move
Backchat | Diary
05 35 41 44 46 47 48 50
BIG INTERVIEW: HANS TESSELAAR 35
Varo Money and Ledger each enjoy funding success South Korea denies crypto ban as China ramps up regulation deVere Group rides the Bitcoin hype as it announces new crypto app Russian banking malware intercepts SMS messages and steals data CGI: Banks should be getting ready for a digital-fi rst, value-added future Sharjah Islamic Bank unveils ATM for visually impaired customers Wells Fargo to close 900 branches Trump dismisses big bank penalties
Insight: Open Banking is seen as an opportunity, not a threat
07 09 10 11 12 13 15 16 17
World Economic Forum: Cybercrime and data breaches most likely risks in 2018 18 News analysis: Why banks can’t wait for the 871(m)-review outcome News analysis: How MiFID II will make it harder for SMEs to blossom
19 20
FEATURE FOCUS - CORE BANKING A look ahead to what could happen in 2018
How banks are modernising their back offi ce systems Emerging dynamics of Transaction Banking systems
Taking control of Transaction Banking from aspirational millennials
03
22 25 29 33
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