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 […]
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 […]
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 […]
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 […]
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 […]
Written by Ruby Hinchliffe Swift has revealed its latest European payments pilot at Sibos which took 41 seconds to travel from Singapore to Germany, following FinTech Future‘s exclusive preview on the announcement. Using a combination of gpi and domestic real-time payments networks, Swift has partnered with gpi banks to deliver instant international payments, which are […]
The second Payment Services Directive (PSD2) has changed the way that banks think about technology, and brought the discussion about application programming interfaces (APIs) from its original place in the IT department to the forefront of the industry’s mind, according to a panel on the first day of the Sibos conference in London. Stephen Müller, […]
Sibos 2019: Regulation isn’t enough to trust the cloud Written by Ruby Hinchliffe 23rd September 2019 Regulation is not enough to bring transparency and trust to the cloud, “we need more practical solutions,” says Credit Bank of Moscow’s deputy board chairman, Sergey Putyatinsky at Sibos. In a panel discussion about the cloud versus on-premise solutions […]
Partnerships between established banks and fintechs (particularly fintech lenders) are on the rise. A recent PwC survey found that 82% of established financial services firms intend to increase their number of fintech partnerships over the next three to five years. In theory, such collaboration has the makings of a “win-win” scenario. Established banks can get […]
Prudential regulation implies that banking institutions must have a “soul”, a gatekeeper with good corporate governance Strong corporate governance to focus on the composition, quality of board members Otherwise, even adequately capitalised banks can be prey to agency hazards KYC procedures would have to be deepened and enlarged Enthrone strict monitoring procedure Apply fully the […]
