IBS Journal November 2017


IN THIS ISSUE NOVEMBER 2017 / ISSUE 28.07


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


Production editor Gareth Lloyd Jones Email: gareth@targetscommunications.co.uk


IBS Intelligence


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REGULARS Editor’s note


The Big Interview


Start up of the month - SONECT Interview - Jayafar Moidu


Who said what at Sibos and Money 20 20 Who’s bought what On the Move Backchat


SIBOS 2017 32


Orange Bank launches with target of two million customers ATM fees and overdraft charges put US customers “in the poorhouse” Banks boosted by deposit increases India Post plans 650 extra branches Temenos announces Openbank deal Putin and Russia wary of Bitcoin


Catalonian chaos sends ripples through finance industry EU cracks down to boost competition


Lack of targeted marketing for women loses banks £133bn a year PSD2 and GDPR: A perfect storm for prioritising API security Global fintech investment rebounds to four-quarter high of $8.4bn” Preparing for New CECL Financial Standards Profile - Mohammed Kateeb


FEATURE FOCUS - ISLAMIC BANKING Islamic banking in the digital age


Co-existing Islamic systems with conventional banking Technical innovation in Islamic banking


07 08 09 10 11 12 13 14 15 16 17 18 20


03


22 24 27


05 38 42 44 45 46 48 51


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