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Finextra@Sibos

The Finextra@Sibos community is open to all delegates and exhibitors at the annual financial markets conference organised by financial messaging network Swift.

Sibos: the real theme is cost reduction

11 October 2010  |  4556 views  |  0

We’ve been gearing up for Sibos for a couple of months now and in all our discussions with London-based international bankers, the show’s themes of the three Rs: Regulation, Rebuilding Trust and Recovery, seem to be ringing true.
 
However, it’s also clear that regulatory compliance will be taking the lions’ share of companies’ resources and attention over the next 12 months.
 
In the current climate it’s hard to obtain and prioritise innovation funding for anything beyond operational cost reduction, and any savings that are achieved are then likely to be swallowed up by the next round of mandatory regulatory compliance.  
 
How can companies set aside funds to make sure that they’re focusing on rebuilding trust and recovering market share, when any spare resources get immediately earmarked for compliance?  For many, the only way is finding new processing efficiencies that produce significant short term ROI.
 
Tough times lead to innovative solutions and we’re looking forward to debating new ways to make major cost savings at what’s shaping up to be the most interesting Sibos for many years.  
 
Come and see us at stand C216 at Sibos for a chat.

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