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October 28, 2010updated 04 Apr 2017 1:09pm

Regulation, trust and recovery

Sibos 2010 kicked off for one week on 25 October in Amsterdam, with 8,000 attendees expected at Europes biggest banking conference of the year Organised by the member-owned cooperative SWIFT the Society for Worldwide Interbank Financial Telecommunication the event is now in its 37th year, reports Douglas Blakey. With headline speakers including Stephen Hester, CEO, Royal Bank of Scotland; Om Prakash Bhatt, chairman, State Bank of India; Hans van der Noordaa, CEO, Banking Benelux, ING and Martin Blessing, CEO, Commerzbank, Sibos 2010 in Amsterdam was built around three major themes.

By Douglas Blakey

Sibos 2010 kicked off for one week on 25 October in Amsterdam, with 8,000 attendees expected at Europe’s biggest banking conference of the year. Organised by the member-owned cooperative SWIFT – the Society for Worldwide Interbank Financial Telecommunication – the event is now in its 37th year, reports Douglas Blakey.

 

With headline speakers including Stephen Hester, CEO, Royal Bank of Scotland; Om Prakash Bhatt, chairman, State Bank of India; Hans van der Noordaa, CEO, Banking Benelux, ING and Martin Blessing, CEO, Commerzbank, Sibos 2010 in Amsterdam was built around three major themes.

  • Regulation: The banking industry’s collective response to regulation following the financial crisis was examined as well as the operational impact of financial reform. In addition, the conference considered whether the banking sector should – and if so, how – engage with regulators earlier and more collaboratively.
  • Rebuilding trust: A number of sessions tackled the challenge of how the industry can regain customer confidence. In particular, the programme examined the conflict between reducing risk and reducing costs? Presentations also covered actionable CSR ideas for the financial sector.
  • Recovery: Although opinions differ about when and how recovery will come about, most analysts agree that a recovery is coming. The conference discussed what financial services can do to capitalise on the recovery.

This year’s exhibitors included 200 vendors, systems integrators, financial institutions, consultants and central clearing systems.

Notable announcements included:

  • Fiserv promoted its latest branch solution, AperioTM Teller Seller. With Aperio Teller Seller, branch tellers are given the information to add to transaction handling and the ability to perform key service and cross-sell activities appropriate for the end-customer’s needs. Another significant announcement from Fiserv was the launch of the latest versions of its SignatureTM bank platform and AperioTM for Signature. The new versions of Signature and Aperio also extend the benefits of consumer lending and fraud risk management functionality;
  • Tieto, the Northern Europe-based IT services company, launched a new integrated payments offering at Sibos. Targeted at both major international banks as well as smaller finance firms, the total transaction banking delivery solution supports every part of a bank’s transaction business. This includes e-invoicing and e-ordering, making and collecting payments (including both buyer-to-supplier and interbank) and two functional areas for managing personal finances and corporate cash and liquidity;
  • Trintech Group, a provider of integrated financial governance, risk management and compliance software solutions, and payment system solutions provider Treasury Technologies, unveiled the latest release of their lifecycle management software for financial institutions;
  • Hewlett Packard flagged up the successful integration of its global financial messaging and transfer solutions for simplified, secure payments processing at Standard Chartered Bank;
  • Luup, the mobile payments solutions provider joined forces with Microsoft to showcase an industry first: the newly-launched Luup Mobile Remote Authorisations product. It was interactively demonstrated on the latest iPhone challenger, the Windows 7 Phone;
  • Equens, the payments processor, is to team up with the German Bundesbank to establish a bilateral link between their clearing and settlement mechanisms for the processing of SEPA credit transfers, starting in November, and
  • Misys flagged up its alliance with Microsoft to deliver the former’s banking and capital markets applications via the Windows Azure cloud platform.

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