38 Results from 2011, /sibos
Retired Member
With a session being held at Sibos today on whether it is too late for banks to compete in mobile payments, I thought I’d revisit a theme I’ve blogged about in the past; banks and their mobile payments’ strategy. Having spoken to a number of banks about their mobile money and payments strategy recently, it is clear that there is no one standardise...
21 September 2011 /payments /sibos Finextra@Sibos
When it comes to liquidity risk management, financial institutions suffer from the Goldilocks syndrome. In the fairy tale, Goldilocks first tasted a bowl of porridge that was too hot, then she tasted a bowl that was too cold and finally she found a third bowl that was just right. It is the same with the balance of liquidity for financial institut...
21 September 2011 /regulation /sibos
Fraud is much like a balloon – if you squeeze one end (through new tools, policies, strategies), the pressure builds and “balloons” out elsewhere. For banks it means fraud moves to another channel, payment type, pattern, or maybe even hopefully to another institution, such as online fraud, account takeover or identity theft. Criminals test for the...
Sibos 2011 has been talking about innovation and not just at Innotribe. Google Wallet, Movembank, changing the business model for banks and a new approach to regulation have all been discussed. One topic which seems important for vendors and service providers is that of mobile payments. Firstly, what do we mean by the term mobile? Many readers assu...
21 September 2011 /payments /sibos
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
It’s a fact that when it comes to banking and payments, customers have high expectations of reliability, efficiency and dependability. This has not changed over the decades. What makes it more challenging for banks today is the speed at which transactions occur, along with the sheer growth of the number and complexity of payments. More and more pay...
So Monday has come and gone – what’s the mood of delegates at Sibos? With some exceptions I believe the feeling is of cautious pessimism. We know that things are not going well, but for the time being nothing has yet happened. Lazaró Campos, CEO of SWIFT whose event this is, reflected the uncertainty in his address to the Opening Plenary: “the per...
20 September 2011 /payments /sibos
Payments hubs have been a talking point for a number of years now. Once envisioned as the 'silver bullet' for payment system consolidation, the reality has become somewhat different. I've talked to a lot of different banks over the past few months, including some at Sibos, about the status of the hub projects they have undertaken. The overwhelmin...
20 September 2011 /payments /sibos Finextra@Sibos
The Target2Securities (T2S) initiative has the ability to revolutionise trade processing in Europe. The projected consolidation and centralisation of processes is designed to lower operational costs and improve efficiency for asset servicers and (eventually) investment managers. In order to reap the maximum benefits of standardisation and ultimate...
19 September 2011 /sibos
While some of the get-togethers have already started to happen, Sibos 2011 starts in earnest in Toronto on Monday and promises to raise some important issues. I was last in Toronto almost thirty years ago and, unsurprisingly, a lot has changed, notably the huge number of tall buildings now clustering around the tallest, the CN Tower. Thirty years a...
19 September 2011 /payments /sibos
It’s hard to believe that Sibos is upon us again. It doesn’t seem like almost a year since we were all in Amsterdam. (Although they do say that times goes faster as you get older, so maybe that’s to blame…) In a world where so much is ‘virtual’, I must confess to a small stab of guilt at the thought of so many people travelling from around the worl...
15 September 2011 /payments /sibos Finextra@Sibos
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.