218 Results from 2008, /payments
Retired Member
As we approach the end of Sibos, activity in the exhibition halls continues, at least for us, at a high level. Outside the Sibos 'bubble', when the media intrude, it seems that all hell has broken loose in the financial world. Certainly, this has been a subdued Sibos but thankfully attendees are still grappling here with the issues and challenges ...
18 September 2008 /payments /sibos Finextra@Sibos
Exceptions are the curse of the payments industry; They are the risk They are the cost They are the operational inefficiency As an industry we need to apply the same level of technology to the exceptional payment as we have to those that flow straight through our processing infrastructures. Having just come from the sibos session 'Implementing SW
18 September 2008 /payments /sibos Operational Risk Management
Uri Rivner CEO and Co-Founder at Refine Intelligence
The numbers behind Google's processing are staggering. Indexing over one trillion URLs, the Internet search giant reported in January that it processes 20 Petabytes of data per day. My Word spellchecker says there's no such word as Petabyte. It underlines it in angry red. So I googled it (hey, my spellchecker also says there's no such word as googl...
18 September 2008 /security /payments Online Banking
A survey by my company - ACI Worldwide - at Sibos found that 78 percent of those delegates questioned who expressed an opinion ‘strongly agree' or ‘agree' that the migration to SEPA instruments has been disappointing to date. In addition, 46 percent of respondents feel there is nothing more that the banking industry's self regulation of SEPA can ...
Following on from my previous blog about the mileage a typical Sibos delegate clocks up during the event, I have an update for you. Monday started quite slowly with a modest 7.8km - there was a lot of standing around catching up with comrades from Sibos' past. I definitely made up for it though on Tuesday - a whopping 18km during the day! Mind yo...
17 September 2008 /payments /wholesale Finextra@Sibos
...but how? In one of my earlier posts, I mentioned that change needs to occur in order for SEPA to succeed. Over the course of the past few days at Sibos, it has become even clearer to me that three fundamental changes need to take place: 1. There must be an agreed end date for the existing legacy systems. Without a cut-off point to aim for, ba...
17 September 2008 /payments /sibos Finextra@Sibos
Nick Hastings
There's a first time for everything and an early morning run at Sibos certainly was a first for me. Thanks to the good people at EBA Clearing and our excellent local guides from RZB a couple of the Finextra team took part in the first EBA Clearing Sibos fun run. Setting a fairly competitive pace over 8km in a field of 25 of Sibos' finest atheletes...
Mobile phones support secure (encrypted) data transfer on the internet (the same as is used on computers). So the level of security for the internet traffic is at the very least equal to computers. Furthemore the data travelling ota (over the air), is to the best of my knowledge also encrypted. So far all the big players (banks, credit companies e...
16 September 2008 /security /payments
Price and cost reduction featured heavily in today's opening plenary with much emphasis on the co-operative nature of Swift. But all of this discussion is set against the backdrop of - not to put too fine a point on it - bank survival. And the current SEPA challenge is not making the situation any easier. One bank today told me that their SEPA pla...
15 September 2008 /payments /sibos
Before Sibos is over? So, another year older and so too another Sibos, this my third. Although still a relative novice, I have pondered in the past just how much distant a Sibos delegate without a stand to call home, such as myself, would cover during the event. In the run up to this year's Sibos I thought it might actually be interesting to do a ...
14 September 2008 /payments /wholesale Finextra@Sibos
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