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
    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

  • 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
  • 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,
  • 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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