Latest Sibos News: Finextra Research

$Sibos 2022: Are fractionalised digital assets red herrings?$

Sibos 2022: Are fractionalised digital assets red herrings?

Discussions around the recent digital asset boom and its acceleration despite the market for tokenised securities remaining nascent kicked off at Sibos 2022 in Amsterdam. Sitting on a panel, Yuval Rooz, CEO and co-founder of Digital Asset, highlighted that he believes that “fractionalisation is a red herring.”

12 October 2022

News/crypto

Sibos 2022: MAS chief floats private blockchain networks for cross-border payments

Private sector-led blockchain-based networks and stablecoins could fix "slow, opaque and inefficient" cross-border payments, says Monetary Authority of Singapore managing director Ravi Menon.

12 October 2022

News/payments

Sibos 2022: Will banks make hay while the fintechs suffer?

Questioned as to whether banks’ history of failing to innovate is what paved the way for challengers to flourish, Anne Boden, founder and CEO of Starling Bank, explained to the Sibos audience that while big banks struggled to transform their platforms for years, a slew of neobanks emerged with convincing value propositions.

11 October 2022

News/Sibos

Sibos 2022: BaaS provider delays cost fintechs $11m a year – ClearBank & Aite-Novarica

New research from ClearBank and Aite-Novarica Group reveals that half of fintechs are losing $11m per year in product delays due to BaaS (Banking-as-a-Service) providers. The report states that fintech firms must now embrace an embedded banking approach.

11 October 2022

News/devops

Sibos 2022: Open banking in the UK - it’s high time for a review

In the lead up to Sibos 2022, Finextra spoke to Dan Globerson, head of Bank of APIs at NatWest, to explore how he is leading the bank’s regulatory commitments in the UK and Europe, driving a culture of API enablement, and collaborating across the industry by establishing standards.

11 October 2022

News/payments

Sibos 2022: ISO 20022 harmonisation delay for CPMI to ‘get the guidance right’ - BofE

The Financial Stability Board (FSB) today published priority themes for the next phase of the G20 Roadmap for Enhancing Cross-Border Payments, delivering a handful of updates and timeline revisions to its 2021 Progress Report.

11 October 2022

News/payments

JPMorgan and Visa link blockchain payment networks

JPMorgan Chase and Visa are to establish connectivity between their global private blockchain networks, Liink and B2B Connect.

11 October 2022

News/Sibos

Sibos 2022: Mastercard showcases Global Treasury Intelligence

Mastercard has launched a new platform to help corporate treasurers keep track of payment flows across multiple business lines.

10 October 2022

News/cloud

Sibos 2022: India’s regional banks – the state of play

Ahead of Sibos 2022, Finextra spoke to Baldev Prakash, managing director and CEO of one of the oldest private sector banks in India, Jammu & Kashmir Bank, about their technology roadmap, the subcontinent’s economic recovery and the geopolitical implications of the Russia-Ukraine conflict despite being a smaller bank.

10 October 2022

News/payments

Sibos 2022: Payments Processing as a Business to boom - Celent & Icon Solutions

Celent and Icon Solutions research released on the first day of Sibos 2022 has revealed that payments processing will soon no longer be perceived as a commodity, but instead as a business opportunity.

10 October 2022

News/Sibos

Sibos 2022: Lighting the beacon under data quality through ISO 20022

In the lead up to Sibos 2022, Finextra reached out to Masayuki Tagai, industry issues executive for APAC, J.P. Morgan Payments, to respond to some questions tied to his Sibos panel, ‘Rethinking data architecture through the ISO 20022 lens.’

05 October 2022

News/crypto

Swift finds role as global hub for CBDCs and tokenised assets

Financial messaging network Swift has released the results of a trial that allowed digital currencies and assets to flow smoothly alongside, and interact with, their traditional counterparts by bridging between different distributed ledger technology (DLT) networks and existing payment systems

05 October 2022

News/Sibos

Sibos 2022: Uncovering value for banks in the Metaverse

As Sibos edges ever closer, Finextra has reached out to a clutch of the conference’s expert speakers to share their thoughts on leading industry trends and what they expect to take from Sibos 2022.

04 October 2022

News/markets

Swift builds proof-of-concept for blockchain interoperability

Interbank co-operative Swift is working on a pilot project with Chainlink to provide network interoperability across multiple blockchain platforms.

30 September 2022

News/markets

Swift runs blockchain pilot for corporate actions data

Interbank co-operative Swift is working with Symbiont and seven securities players to trial a blockchain-based corporate actions system.

14 September 2022

News/payments

Swift mines data flows to flag up incorrect payments

Bank-to-bank messaging network Swift has moved to eliminate payments friction by introducing a new capability to flag upfront when a payment may stall because of incorrect payee details,

31 August 2022

News/payments

Swift and CapGemini work on CBDC gateway to existing payment networks

Interbank messaging network Swift is working with Capgemini to explore ways to interlink the multiple domestic-based CBDC networks emerging worldwide with existing payment infrastructures for seamless cross-border payments.

25 May 2022

News/payments

Financial coalition to trial faster cross-border payments between Europe and the US

EBA Clearing, Swift and The Clearing House (TCH) are to run a pilot service for immediate cross-border payments (IXB) with the support of banks from both sides of the Atlantic.

28 April 2022

News/Sibos

Russian banks to be cut off from Swift

A select group of Russian banks are to be excluded from the Swift financial messaging system as part of a package of new financial sanctions agreed by Western allies.

28 February 2022

News/payments

UK pushes Europe to cut Russia off from Swift

As Russia moves further into Ukraine and sanctions have isolated Russian banks from the rest of the global financial system, depriving the country of vital technology, UK foreign secretary Liz Truss has revealed that the “UK is working with allies to exclude Russia from the Swift financial system.”

25 February 2022