Innovation Essentials: In Conversation with Saket Sharma
Watch this series examining top tips from leading innovators in the financial industry on how to make innovation a success. This week: Interview with Saket Sharma, BNY Mellon.
Faster not always better
Anyone with a mobile phone can send a text message to someone on the other side of the world instantaneously – and in most cases for free. However, when it comes to payments, interaction is slower and costly.
Data: leading the revolution in securities services
New technologies and the role of data explored in part one of our three-part series on the key takeaways from the securities stream at Sibos 2019.
Why the demands for improved FX data are not yet being met
More FX market data is being collected than ever before. This is being put to a variety of uses, but the data available remains fragmented and incomplete. If the growth of electronic trading and buy-side pressure for transparency do not fill in the gaps then regulation may be necessary.
Experts debate liquidity in FX markets
Liquidity in major currency pairs is healthy, but the structure of liquidity in FX is changing. Fewer banks are willing to take principal risk, most feed off the liquidity of others, the much-vaunted non-bank liquidity providers are proving reliant on bank credit, and buy-side firms are interested primarily in data that can tell them where liquidity is - and is not.
New trends in electronic FX trading
The FX voice trader has not yet disappeared, and electronic trading has added to price transparency without necessarily boosting liquidity, which is fragmented across specialist platforms. But the number and market share of electronic trading platforms in all FX instruments is set to increase, and FX trading may one day be traded as just another financial asset class across a network of digital trading systems.
Three pillars to protect your core payment systems against fraud
COVID-19 has created a new normal in more ways than one. Fraudsters have been quick to exploit the opportunities presented by changes to working processes including application fraud attacks, where stolen identities are used to apply for financial products, along with a plethora of phishing and mule recruitment efforts.