New Sibos paper recaps the rise of compliance utilities (SWIFT - Society for Worldwide Interbank Financial Telecommunication SCRL)
(WorldNews Belgium)

(Source: SWIFT - Society for Worldwide Interbank Financial Telecommunication SCRL) In recent years, exploding compliance costs have spurred the development of shared utility solutions to help banks cut costs and standardise compliance processes. While it`s still early days, industry experts at Sibos 2016 confirmed that such utilities are making strong progress - delivering cost reductions and...