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.
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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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