Sibos News 2016
Cyber challenge can be met, says Swift
Swift opening plenary: focusing on cyber challenge

Swift has committed to help its members combat the cyber threat “in challenging times”, delegates heard during yesterday’s opening plenary session. Security will be a feature every day of the conference because “the cyber threat is here to stay”, said Swift chief executive, Gottfried Leibbrandt.

Sibos 2016: navigating the payments storm
Sibos 2016: navigating the payment storm

The payments industry faces a perfect storm with immediate, open and context-based changes emanating from new technology, regulation and infrastructures set to “transform the landscape”.

When worlds collide: fintechs vs financial institutions

The opportunity for traditional banking processes to be transformed that is presented by innovative financial technology (fintech) developers is at risk of being squandered in many cases because of cultural differences between large inflexible enterprise culture and the enthusiastic approach of the start-up developer world.

Banif Bank opts for Pelican Transaction Banking platform

Banif Bank in Malta has selected the Pelican Transaction Banking platform. The solution will provide end to end automation of both Swift and single euro payments area payments, including integration with over the counter instructions, Banif’s internet banking system and back office.

Eurosystem updates infrastructure Vision

The European Central Bank has outlined its plans to consolidate the Target2 and Target2Securities (T2S) platforms, introduce a new European-wide instant payments platform by November 2017 and develop a new collateral management system. During yesterday’s European Market Infrastructure of Tomorrow session, the Eurosystem’s ‘Vision 2020’ plans were outlined by Yves Mersch, a member of the executive board at the ECB.

Daily News at Sibos 2016 – Day 1
Daily News at Sibos 2016 – Day 1

Read our first Daily News at Sibos edition of the Sibos 2016 conference in Geneva – all the latest news and analysis from Swift’s premier event of the year.

Daily News at Sibos – PDF Downloads
Sibos Features 2016
The path to perfect harmony
Day2 standards

The nitty-gritty work has been done with IS0 20022, but new technology and regulations mean that institutions will have to standardise their workflows as well.

Blockchain: mind the gap
Day2 distributed ledger

Blockchain technology is far from mature and there is a danger that regulation could crush innovation and competition. Professor Michael Mainelli and Simon Mills argue that a more measured approach to the technology would be to develop voluntary standards.

Energising correspondent banking

Reports of the death of correspondent banking are highly exaggerated. But the business model is changing and Swift hopes its Global Payments Innovation Initiative will improve cross-border payments. Heather McKenzie reports

Clearing and settlement: a moving target

Momentum is building behind the T2S securities settlement system as it gains critical mass. While expected benefits and outcomes have not fully materialised, the unexpected benefits have captured the imagination of the post-trade industry.

Interview: Martin Coen, CEO of Dovetail

Payments software vendor Dovetail is one of the very few independent fintech beacons in the industry, having not fallen into the hands of a large tech conglomerate. The company pioneered the concept of a “payment services hub” – before analysts coined the term – and has maintained double digit growth over the last decade. So what’s next? Banking Technology talks to Martin Coen, Dovetail’s CEO.