26 July 2016
Find out more

Gates to venture back into the land of the dinosaurs at Sibos

09 April 2014  |  6142 views  |  0 Bill Gates

Banking co-operative Swift has announced that former Microsoft chairman and CEO Bill Gates will give the closing plenary address at the the annual Swift international banking and operations seminar, Sibos, in Boston.

As Co-Chair of the Bill & Melinda Gates Foundation, Gates will explain the foundation's work to bring financial services to the poor, and highlight how digital financial services and partnerships can provide opportunities for financial institutions to serve people in the developing world.

The last time Gates pitched up at a banking conference was at the Bank Administration Institute's annual show in 199. He received a hostile reception after dismissing retail banks as 'dinosaurs' that would get left behind by the march of technology. He was later forced into a hasty retraction and clarification after some of the dinosaurs in the audience threatened to take a bite out of the tech giant's revenue with a boycott of Microsoft products.

Gate's prophecy may have come 20 years too early. In more recent times, Microsoft and the banking industry alike have been outflanked by a surge in technological innovation which has left both looking nervously over their shoulders at more nimble digital-focused competitors.

Swift likes to think of Sibos as the Davos of the banking industry, and the landing of Bill Gates as a keynote goes some way to cementing its status.

Jamie Forese, co-president of Citigroup, will give the Sibos opening plenary address on Monday, 29 September.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Citi slaps down Bank 2.0 rivals in Innotribe face-off

Citi slaps down Bank 2.0 rivals in Innotribe face-off

22 September 2011  |  17723 views  |  1 comments
Movenbank promises to 'reboot' banking at Sibos

Movenbank promises to 'reboot' banking at Sibos

19 September 2011  |  14352 views  |  3 comments
Disruptive clouds gather over banking technology market

Disruptive clouds gather over banking technology market

25 October 2010  |  9364 views  |  0 comments
Sibos kicks off with call for innovation

Sibos kicks off with call for innovation

25 October 2010  |  9971 views  |  0 comments
Swift to host start-up contest at Sibos

Swift to host start-up contest at Sibos

08 October 2010  |  10131 views  |  0 comments
Finextra makes Sibos first with B2B social media simicast

Finextra makes Sibos first with B2B social media simicast

24 September 2010  |  10357 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit www.abe-eba.euFind out more

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9296 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9234 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7762 views comments | 18 tweets | 25 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
5905 views 0 | 9 tweets | 2 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5899 views comments | 29 tweets | 16 linkedin

Featured job

Find your next job