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IBS Journal January 2018


IN THIS ISSUE JANUARY 2018 / ISSUE 28.09


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


Senior Designer Shweta Jaiswal Email: ShwetaJ@ibsintelligence.com


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


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


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


ISSN: 0965-674X BNY MELLON


FEATURE FOCUS - THE COST OF COMPLIANCE Three imperatives to manage the cost of compliance


Cybercrime and the case for upping the defence Return of MiFID


GDPR: A new hope dawns for customer data


Cybersecurity must not be a hidden problem in 2018 PSD2: The regulators strike back


REGULARS Editor’s note


The Big Interview: Mike Bellacosa, BNY Mellon Start up of the month - Square On the move


Who’s bought what Backchat | Diary


BIG INTERVIEW: MICHAEL BELLACOSA 34


Retail Branch change promises digital future for physical locations Three quarters of Bitcoin exchanges targeted by cybercriminals NA retail banks pushing real-time payments to AI and analytics Banks and credit unions squeezing longer contracts out of vendors Consumers turning eyes to digital lenders as traditional banks Clayfin re-invents itself and is ready to digitise the banking world Digital kills the ATM star


Finastra ready to take on 2018


06 07 09 10 11 12 13 14


03


17 19 22 24 27 30


05 34 38 40 42 43


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