Yesterday I sat on the closing ‘Crystal Ball’ panel session of Sibos’ Market Infrastructure stream. My fellow panellists and I were asked what was going to be high on the radar for FMIs over the next three years. None of you will be surprised to learn that regulation was at the top of everyone’s agenda.
FMIs and the... read more
One of the biggest challenges facing the banking industry is regulatory compliance. At Sibos 2014, a key topic up for discussion is ISO 20022 (the standard for financial service messaging). Banks often find it difficult to keep up with and implement regulatory changes, and at Sibos the general attitude is either for or against regulation. Some... read more
This year it’s the turn of the Boston Convention and Exhibition Centre to host Sibos, the world’s premier banking and financial services event. Those of us at CSDs, payment systems, clearing houses, trade repositories and other systemically important organisations were out in force for this morning’s Market Infrastructures Forum... read more
With banks facing pressure on both the bottom line (from increasing compliance costs) and the top (from rising customer expectations and mounting competition), anything that even threatens to provide a competitive advantage is understandably seized upon with relish in the sector.
For example, the news that IBM and Apple are to partner to sell... read more
It’s been six years since Sibos was last held in Boston and during this time the financial landscape has changed and developed. Today, Sibos is being held in Boston Exhibition Centre located in the booming financial district and financial experts and industry advocates have come from all over the world to share their insights, discuss... read more
As the major players from the banking, corporate and payments sectors discuss the key topics facing the financial services industry at Sibos (the annual banking seminar held by SWIFT) this week, bobsguide talks to Neil Gray, Senior Manager, Corporate Business – EMEA, SWIFT UK, about the history of SWIFT and keeping the financial services... read more
Last week bobsguide reported on the benefits of Cloud Computing, a key topic up for discussion at Sibos this year. This week, in bobsguide’s final Sibos feature, we delve deeper into the future of payments. The surge of innovation within the payments industry is driving a shift in the way we make payments. Paying by cash and cheque is... read more
Earlier this month saw Coadec publish their Start Up Manifesto backed by over 150 of London’s top technology heavyweights. Its premise is to urge the UK government to relax rules and taxes in order to allow tech startups and entrepreneurs in the capital to continue to flourish. London is now officially Europe’s top tech hub and it... read more
One person’s risk is another person’s reward. A trite phrase, to be sure, though the sentiment is far subtler. Conditional evaluations such as “risk,” or “good” and “bad,” are subjective judgments, which have long been the bane of IT and computing systems. The programs, algorithms, reports and systems... read more
In recent years, numerous consumer surveys have criticised the UK’s big banks for all looking the same from the customer’s point of view. This point of view has clearly been taken to heart by the UK competition regulator, which recently announced that it was bringing its highest level of investigation to bear on the sector.
Other... read more