Issue 33
www.globalbankingandfinance.com
EDITORS LETTER
FROM THE
editor
Chairman and CEO Varun Sash Editor Wanda Rich email: wrich@gbafmag.com
Dear Readers’
Head of Distribution & Production Robert Mathew Project Managers Megan Sash, Amanda Walker Video Production and Journalist Phil Fothergill
I am pleased to present Issue 33 of Global Banking & Finance Review. For those of you that are reading us for the first time, welcome.
Graphic Designer Jessica Weisman-Pitts Client & Accounts Manager Chanel Roberts Business Consultants Rick Saikia, Monika Umakanth, Stefy Abraham, Business Analysts Samuel Joseph, Dave D’Costa Advertising Phone: +44 (0) 208 144 3511 marketing@gbafmag.com GBAF Publications, LTD Alpha House 100 Borough High Street London, SE1 1LB United Kingdom Global Banking & Finance Review is the trading name of GBAF Publications LTD Company Registration Number: 7403411 VAT Number: GB 112 5966 21 ISSN 2396-717X. The information contained in this publication has been obtained from sources the publishers believe to be correct. The publisher wishes to stress that the information contained herein may be subject to varying international, federal, state and/or local laws or regulations. The purchaser or reader of this publication assumes all responsibility for the use of these materials and information. However, the publisher assumes no responsibility for errors, omissions, or contrary interpretations of the subject matter contained herein no legal liability can be accepted for any errors. No part of this publication may be reproduced without the prior consent of the publisher
2021 has been a challenge year around the world. The Covid-19 pandemic continues to impact daily life and business operations. In this edition, we are pleased to present the Global Banking & Finance Award® 2021 Award Winners. The awards were created to recognize companies of all sizes that are prominent in particular areas of expertise and excellence within the financial community. This year’s winners have had to adapt and innovate to the current environment. Global Banking & Finance Review would like to congratulate the award winners and look forward to their continued success. Featured on the front cover is Zachary Harding, Executive Chairman and Founder of Delta Capital Partners (DeltaCap). Our cover story, ‘Spearheading Innovation-Led Growth and Sustainable Profits in the Caribbean’ is an exclusive interview with with a number of senior members of the DeltaCap team, including Executive Chairman and Founder Zachary Harding, to learn more about the value proposition it offers to businesses and investors. (Page 72) You requested more of the exclusive, interviews we are known for and in this edition we deliver. Inside you will also find insightful commentary from industry experts. We strive to capture the breaking news about the world's economy, financial events, and banking game changers from prominent leaders in the industry and public viewpoints with an intention to serve a holistic outlook. We have gone that extra mile to ensure we give you the best from the world of finance. Send me your thoughts on how I can continue to improve and what you’d like to see in the future.
Enjoy!
Wanda Rich Editor
®
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Issue 33 | 03
CONTENTS
BUSINESS Industry Experts Look Ahead to 2022
10
Global Banking and Finance Review spoke with industry experts to get their thoughts on what the coming year may look like.
16
COP26 and the impact on the future of M&A deal activity Merlin Piscitelli Chief Revenue Officer, EMEA, Datasite
32
Preparing For The Future With Climate Intelligence Iggy Bassi CEO & founder Cervest
38
New Imperative for Information Management -- The Convergence of Privacy, Records Management, Data Classification and Data Destruction Eric Mueller Senior Advisor & Strategic Netting Lead D2LT
ESG – A driver for transformational change Daphne Biliouri-Grant ESG Senior Advisor Sibylline Ltd
78
Measurable steps towards sustainability in procurement Edward Cox Principal Efficio
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60
CONTENTS
BANKING
BUSINESS
88
The financial services market needs to crack down on fraudulent lead gen advertising – but will new regulations on lead generators be enough? Oliver Cripps Sustainability Manager Herman Miller
22
The Future of Banking Nigel Moden European Head of Banking EY
24 Five key themes to watch out for in 2022
Sudeepto Mukherjee
92 How digital identity will shape a
more inclusive and sustainable global economy with Stephan Wolf, CEO at GLEIF
82 The Biggest Trends in Banking
and Risk Management for 2022
Stephan Wolf CEO GLEIF
96
Why financial organisations need to put sustainability at the top of their workplace agenda Alain Desmier Managing Director Contact State
98
Philip Dransfield Partner at credit risk analytics firm 4most
FINANCE
66
Senior level departures – negotiating your exit
Jeroen Hölscher Global Cards & Payments Practice lead Capgemini Financial Services
Eleanor Rowswell Partner Partner at Farrer & Co
Elias Ghanem Global Head of Market Intelligence Capgemini Financial Services
128 Why ESG is no longer
just a passing thought for landlords James Shannon Chief Product and Technology Officer essensys
134 How to implement ethical
employee productivity monitoring for future business growth Michael Cupps Senior Vice President, Marketing ActiveOps
Allied infrastructure and collaboration will be increasingly critical as payments become invisible
90
Can blue financing help save our waters? Bjarni Herrera Head of Sustainability KPMG Iceland (former CEO and Co-Founder of CIRCULAR Solutions, acquired by KPMG Iceland in 2020).
Issue 33 | 05
CONTENTS
TECHNOLOGY The future of human flight: The tech that’s taking us to new heights
42
Stuart Parker Head of Future Lab Goodwood Group
50
A Look into 2022: A world triumphed by cybercrime? Javvad Malik lead security awareness advocate KnowBe4
52
Regulatory Reporting in the Digital Age
70
STRATEGIES FOR RESOLVING THE CYBERSECURITY TALENT GAP
Deependra Kushwaha Head of US Basel III Reporting for a Global Bank Manoj Reddy Head of BFSI Risk & Compliance & LIBOR Transition Practice TCS North America
Simon Patteson VP UKI & The Nordics Icertis
122 Cybersecurity trends 2022:
Ransomware and supply chain attacks are major threats Mark Ruchie Chief Information Security Officer Entrust
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122
CONTENTS
TECHNOLOGY Better technology & building trust must go hand-in-hand
126 26
Lewis Pinner Senior Director at NetApp of Enterprise Globals
130 The Future Will Be Touchless:
How To Prepare For The Contactless Payments Revolution David Poole Contactless Payments Lead at digital business transformation consultancy Publicis Sapient
INSURANCE Insurers are facing new pressures and demands post pandemic – could new corporate wellbeing packages move the dial?
132
Ivan Zhiznevskiy, CEO, 3S Money
TRADE FINANCE
20 The Digital Future of Trade Finance
Tushar Chitra Vice President Product Strategy & Marketing Oracle Financial Services
PAYMENTS Biggest trends in the payments industry for 2022
136
Dima Kats Clear Junction
Issue 33 | 07
CONTENTS
Interviews... 18
AlKhaleej Takaful Insurance: Capitalising on Growing Opportunities in the Qatari Market Mr. Abdulla Bin Ali Al-Asiri CEO AlKhaleej Takaful Insurance
34
Blue Finance and Evolving Consumer Behaviours Ludovic Garnier Group Chief Financial Officer Thai Union Group PCL
56 How Sendly Is Making Money
Transfers Easier for Mongolians, Both at Home and Overseas Nyamjargal Batdorj Remittance Director Sendly
08 | Issue 33
CONTENTS
Cover Story Ivan Carter Chief Executive Officer Delta Capital Partners
72 DeltaCap:
Spearheading Innovation-Led Growth and Sustainable Profits in the Caribbean Zachary Harding Executive Chairman and Founder Delta Capital Partners (DeltaCap)
Ambassador Dr Neil Parsan CEO Delta Health & Wellness
Janelle Brown Chief of Staff in the Office of the Executive Chairman Delta Capital Partners
Lesli Prendergast Chief Operating Officer Delta FinTech
Nicki Franklin Grant Head of Projects Delta Capital Partners
Anthony Dunn Chief Investment Officer Delta Capital Partners
Issue 33 | 09
BUSINESS
Industry Experts Look Ahead to 2022 As 2021 rapidly nears its end and organisations continue to navigate the changes caused by the pandemic, we must also look ahead to 2022. Global Banking and Finance Review spoke with industry experts to get their thoughts on what the coming year may look like. Banking, Finance and the Economy “Open banking focus will shift from standards to value generation. Since open banking was originally introduced in the form of regulation, the focus of these regulated regions has understandably been on compliance; as a result, open banking has often been painted as a compliance exercise,” explains
10 | Issue 33
Eyal Sivan, Head of Open Banking at Axway. “However, two things are changing: first, regulated players are looking to generate a return on their initial investments; and second, market-driven regions are beginning to adopt open banking in absence of regulation. These two factors will fundamentally shift the focus of open banking over the next year, from regulatory compliance to the generation of real value. Expect banks and other players in the financial ecosystem to demand solutions which tie open banking to their existing assets and capabilities in order to deliver on business-driven initiatives.”
Eyal Sivan Head of Open Banking Axway