Dubai, 16-19 September 2013
Dissatisfaction with global regulators has been expressed during the entire Sibos week, with the topic being raised in sessions across the board.
The Basel Committee on Banking Supervision’s April 2013 report, Monitoring tools for intraday liquidity management, has provided banks with the “trigger to reset their current infrastructures”, said Detlef Braun, senior consultant at vendor SmartStream.
The National Bank of Abu Dhabi (NBAD) has signed a deal with Deutsche Bank to use its Guaranteed US Plus payment solution, which it promises will improve price transparency for clients with individual US dollar flows into the US.
Infosys has launched Finacle 11E, a banking solution it said will help banks to modernise their operations, reduce cost and time to market and minimise risk. The product has a modular structure that is designed to help banks quickly target new customer segments.
In a time when information is king, the battle for data is not so much where to get it as how to get it and what to do with it. For many generation Y savers and spenders, the vast majority of their transactions are carried out online and their relationships with traditional banks are practically non-existent.
Swift’s head of banking talks about how the industry co-operative plans to build services based the data flowing through its interbank messaging systems.
As trade flows shift across regions and economic headwinds blow, the trade finance business is facing challenges. Anne Queree examines how correspondent banking networks are adapting
As the Chinese Government continues its phased internationalisation of the renminbi, financial institutions are evaluating their strategies. Daily News at Sibos asked some Sibos delegates what financial institutions need to do to take full advantage of the opportunities offered by RMB internationalisation.
Innovation in financial services may not generate products quite so world-changing as the inventions of Edison, but the principle of finding better ways to do something does inform most developments.