Asia’s banks on data science recruitment drive
Banks and financial firms in Asia are stepping up the search for data scientists to help meet customer demand for more flexible banking and payment services.
Banks and financial firms in Asia are stepping up the search for data scientists to help meet customer demand for more flexible banking and payment services.
Corporate finance departments no longer operate separately from the rest of the company – increasingly, treasurer’s roles intertwine with the planning, analysis and strategy strands of the business.
Germany’s Commerzbank has admitted illegal conduct and agreed to settle criminal charges in the United States by paying $1.45 billion.
Pressure to close bank branches and digitise all functions means that major financial institutions are putting customer data at risk in order to save money.
Tech multinational IBM is exploring ways to implement the blockchain technology that drives bitcoin in order to build a digital cash and payment currency.
Robust compliance rules are a must to curb money laundering, but overzealous regulation is making it hard for above-board companies to open or switch accounts.
Changes to the industry since the crash mean that a revamped ALM industry is more and more necessary - and the biggest shift will see treasurers move from a reactive to a proactive approach, says Professor Moorad Choudhry.