01 September 2015

44975

Retired Member

1,128Posts 3,820,687Views 1,440Comments

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  |  4587 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.

TagsPaymentsSibos

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Retired

Periodic Table of Remittances

27 June 2015  |  1441 views  |  0  |  Recommends 0 TagsPaymentsRetail banking

Cloud based Mobile Financial Services and Payments

18 June 2015  |  2529 views  |  0  |  Recommends 1 TagsPaymentsInnovation

A Very Personal Confession ... I Love Regulation

08 June 2015  |  1086 views  |  0  |  Recommends 0 TagsRetail bankingOracleGroupInnovation in Financial Services

Deleted Item

05 June 2015  |  417 views  |  0  |  Recommends 0 TagsMobile & onlinePayments

7 Day Account Switching - happy customers are staying put

01 May 2015  |  4233 views  |  0  |  Recommends 0 TagsPaymentsRetail bankingGroupUK Faster Payments

Retired's profile

job title
location
member since 2014
Summary profile See full profile »

Retired's expertise

What Retired reads
Retired writes about

Who's commenting on Retired's posts

Karim Maalouf
Ketharaman Swaminathan
Paul Ruskin
Neil Vernon
Sreeram Yegappan