SIBOS Daily NewsRSS

Ericsson rolls out mobile remittance in emerging markets

Ericsson

Ericsson has joined forces with HomeSend, a joint venture between Mastercard, eServGlobal and Bics that focuses on mobile money remittances in emerging markets. Ericsson’s digital wallet, Ericsson Wallet Platform, is now HomeSend Certified. The product has access to HomeSend’s network of money transfer operators, cash agents and banks in more than 200 countries. Peter Heuman, […]

Sberbank goes blockchain with Hyperledger Project

sberbank

Sberbank and the Linux Foundation have entered into an agreement on the bank’s participation in the Hyperledger Project. The deal was signed at the Sibos conference in Geneva and Lev Khasis, first deputy chairman of the executive board of Sberbank, said the new development with Hyperledger, and its open source platform based on blockchain, offered “access to […]

Digitising Azerbaijan

Azerbaijan flag

The International Bank of Azerbaijan has partnered with Backbase to implement its omnichannel digital banking platform. With the platform, the bank will be able to provide its products and services to customers through multiple channels synchronously, creating a single multimodal touch point. The contract was signed yesterday onsite at Sibos at Backbone’s booth, between Jouk […]

Sibos 2016: collaboration will energise ISO 20022

sibos logo

To drive ISO 20022 adoption, the industry is calling for collaboration and for those with the ‘right stuff’ to lead the way. A panel yesterday, ISO 20022 market practice developments, gave a global view of the status of ISO 20022 in the payments and securities markets. Gerard Smith, director collateral services at LCH.Clearnet, said the […]

Blockchain: be ready to ‘fail fast and fail cheap’

Blockchain

Correspondent bankers have been advised to “fail fast and fail cheap” when it comes to blockchain technology. During the Blockchain and correspondent banking – The way to go? session yesterday, a panel explored the possible use cases and barriers to adoption of blockchain technology – one of the most talked about technologies at this year’s […]

Innotribe plots rise of new fintech hubs

Innotribe

A decade ago, cities fought to be financial hubs; today they fight to be financial technology (fintech) hubs. While London, New York and Silicon Valley claim strong status as fintech hubs, Sibos has proved that there are plenty of emergent centres snapping at their heels. Innotribe’s Startup Challenge, which brings fintech companies to the attention […]

Blockchain and DLT a slow burn for CSDs

Blockchain

Blockchain innovation for central securities depositories (CSDs) is a slow burn and one that can divide opinion. During the Innovation in CSD space: What about distributed ledger technology? session yesterday, some panellists argued that the technology would hail the end of CSDs while others said there would be no revolution, just a “natural evolution” of […]

‘People-centric’ Palestine Bank debuts

Palestine Bank debuts

Bank of Palestine debuted at Sibos this year with a colourful booth and much interest from Sibos delegates. “We have been attending Sibos for many years as delegates and as our delegation grew from two or three people to bigger numbers, we decided to have a stand,” said Hashim Shawa, chairman and general manager of […]

Sibos 2016: central banks must innovate to stay relevant

The Bank of England to overhaul RTGS service

If central banks want to retain a large share of payments in central bank money, they must innovate, said Andrew Hauser, executive director for banking, payments and financial resilience, Bank of England (BOE). Speaking during the Towards a single platform for all payments session, he said BOE consultation on a refresh of its real time […]

Sibos 2016: rethinking systems for a real time world

FIS

Open application programming interface (API) banking and immediate payments are a perfect storm for new banking, according to FIS. Established payment systems do not work in the way most consumers and businesses expect in a digital, mobile, real time world. Consumers expect instant gratification; digital money should act more like physical cash in terms of […]

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