We are experiencing a wave of nationalism and political uncertainty, but banks need to stop waiting for this season to change and start adapting to it because it won’t disappear any time soon, says City University of London’s finance lecturer Angela Gallo at Sibos London. Having been the largest beneficiaries of the previous wave of...Read More
London has the potential to be the centre of the world for Chinese RMB, according to Charles Li, CEO of Hong Kong Stock Exchange and Clearing (HKEX), should his firm’s proposed £32 billion merger with the London Stock Exchange Group (LSE) go ahead. Speaking at the second day of Sibos 2019 in London, Li says...Read More
Visa is trying to avoid “immediate displacement” of cash in its digitisation process so as not to disrupt the US population which is still heavily cash-based, says SVP global head of Visa Business, Kevin Phalen, at a Sibos round table in London. Phalen admits “it’s a shame” that firms in his home country the US...Read More
There will be a “leap frog” in Latin America’s digital transformation progress soon, beating Europe’s time to digital, says McKinsey’s senior partner Carlos Trascasa at Sibos London. Trascasa predicts “the spike” will hit soon, and whilst it will be be good for the Latin American population, it won’t be such good news for banks trying...Read More
The implementation of instant payment schemes like EBA Clearing’s RT1 and new Request to Pay (R2P) initiatives will help banks compete with global technology firms and fintechs, according to a panel on day two of Sibos 2019 in London. Narinda You, head of strategy and market practice at Credit Agricole, says that its time banks...Read More
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