Knowing when to upgrade your IT

Logica’s Richard Davies says while more banks are focusing on enhancing technology, they should first ensure upgrades are underpinned by a solid business case.

Rubber stamps, literally, are still an important part of everyday business in Asia, and especially in the region’s banks. But this veneration of paper and ink is slowly giving way to a more modern approach that better suits the needs of an increasingly global industry.

In recent years, banks have invested more in their coordinated treasury management, driven by requirements for greater efficiencies, increased competition from domestic and overseas players, by their own expansion into different markets, and as a response to changing regulatory environments.

Some of these banks, such as DBS, already boast a well-established regional presence. Likewise, ANZ’s acquisition of some of Royal Bank of Scotland’s RBS Asian businesses...

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