Identifying the right technology investments, partnerships and upgrades that can help banks respond effectively to a more complex regulatory environment, while also reducing costs, was the focus of this week’s SWIFT’s Operations Forum Americas 2013 in New York. Highlighted by a panel discussion among SWIFT’s Javier Perez-Tasso, J.P. Morgan’s Lee Fulmer, State Street’s David Saul, and Ulrich Homann of Microsoft about “Can Technology Carry the Regulatory Burden?”, the program highlighted standards initiatives, platforms and tools that can help banks shift compliance from a burden to a strategic opportunity. Here are some of the highlights and recommendations from the discussion.
1. Help Us Help You
Regulation is as big a force as I’ve ever seen in my 25 years in the industry. SWIFT’s ambition is to help you with compliance with those regulations.
--Chris Church, Chief Executive-Americas, SWIFT
Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio