Banks need to speak the same digital language
Complex, opaque and often outdated systems in large international lenders can threaten the global banking system’s stability
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Published Thu, Jun 29, 2023 · 11:25 AM
WITH UBS having recently finalised its acquisition of Credit Suisse, the multinational investment bank now oversees a reported US$5 trillion in assets across the globe.
It may be richer, but may also now be riskier.
Large mega-banks are more prone to operational risks from the increased complexity of their business processes and products, as well as from the diversity of their information systems.
