Contents
In this issue
6 News in numbers The headlines and vital statistics impacting the sector.
Big interview
8 From bricks to clicks Every CIO has big plans when they take on a new job – but Scott Marcar probably has more on his plate than most. As NatWest’s top information bod since September last year, he’s had to contend with everything from new acquisitions to a rapidly shrinking pool of physical stores. But beyond fighting fires, this veteran of JP Morgan and Deutsche Bank hopes to use new technology to fundamentally transform how the British giant operates. As Andrea Valentino finds out, there’s certainly plenty to be getting on with.
Regional focus
11 Money à la mode France has long been home to some of Europe’s biggest financial institutions. Buoyed by a thoughtful loosening of the financial regulation – prodded along by the Brexit-inspired chaos across the Channel – the Hexagon is becoming a prime destination for challenger banks too. Phoebe Galbraith speaks to Sophie Heller, COO at BNP Paribas Commercial, Personal Banking and Services, and Oliver Levy-Barouch, deputy CEO at La Banque Postale, to understand how the competition
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between oldies and newcomers is heating up across France, and whether the country’s neo banks can hope to offer ever more complex products, even as the old masters up their game.
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Digital banking 14 Byte-sized fortunes
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Central bank digital currencies are the industry’s hot topic, but owning to its stellar reputation for digital innovation, it seems like CaixaBank is taking the lead in developing a digital euro. Jim Banks speaks to Mariona Vicens, the Valencian giant’s incoming head of digital transformation, about its role in the digital euro project, and asks David
Puente, global head of client solutions at BBVA, about why Spanish banks are leaders in the digital space.
17 Banking on a multicloud future GFT
18 Drive cost optimisation and efficiencies: Market-facing expenses and fees SmartStream
21 Taking the trauma out of T+1 SmartStream
Data centres
22 Open for business The cloud, European finance increasingly agrees, is the future. But with most institutions rapidly dispensing with physical data centres and putting their faith into a few giants like Microsoft and Amazon, any hack could spell disaster for a range of services. It’s for that reason that the European Union recently announced a raft of new rules obliging banks to show how quickly they could recover from any attack, with the requirements extending to ‘critical’ third-party partners. Tal Abdulrazaq examines exactly what the so-called ‘DORA’ rules involve, what banks and tech firms can do to prepare for them – and how they speak to the growing power of cloud computing across the sector.
Future Banking /
www.nsbanking.com
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