17 Results from 2014, /sibos
Retired Member
With the blink of an eye another Sibos came and went. The containers have been shipped out and it’s back to the old grind. Real projects. Deadlines. Pesky users. Endless meetings. Production problems. Planning for 2015. Budgets. Year-end reviews. Bonuses. Holiday parties. Yay! Participants of the Standards Forum left Boston with a real...
27 October 2014 /sibos Standards Forum
Back from Sibos? Time to dive into the green books and get busy with the remediation work for the annual SWIFT Standards Release. It comes around every year as sure as death and taxes. How many Standards Releases can one person take in a single career? [Editors note. This website takes no responsibility for the actions of those who attempt to...
14 October 2014 /sibos Standards Forum
20022 is a very powerful, rich, and flexible standard. We’ll hear about it a thousand times at Sibos this week. Here’s a little light relief from all that serious stuff. On the one hand it is possible to extend the standard through the use of Supplementary Data Components (aka "extensions"). Additional data elements can be added to a m...
01 October 2014 /sibos Standards Forum
Brett King CEO & Founder at Moven
Reprinted with permission from Huffington Post... On September 17, 2011 a group of protestors gathered in Zuccotti Park in New York to protest the growing influence of corporations and the financial services sector. The Occupy Wall Street movement still evades our language today with cries of "we are the 99%" having been damped, but not...
29 September 2014 /sibos Innovation in Financial Services
Yes folks, it’s that time of year when 7000 bankers from around the world congregate to catch a glimpse of the real brains and architects of our industry at the Standards Forum. There should be no doubt in our minds that financial services runs on standards. Just ask yourself, where would be without SWIFT? Where would be without the FIX Protoc...
29 September 2014 /sibos Standards Forum
Banks have aspired to globalize their trade business for more than 20 years. However, building a true global trade business model involves more than just offering trade products globally. Most banks already do this. Instead, it means to run a trade business worldwide as one holistic and integrated business function. Typically, trade products are o...
26 September 2014 /sibos
Nasreen Quibria Managing Director & Founder at Q INSIGHTS
One of the biggest headaches that companies face today is the posting and reconciliation of payments. Details such as invoice number, customer account, and other key information that help explain the purpose of the payment often do not travel with the payment. In turn, this fragmented flow of remittance data leads to inefficiencies and errors rela...
24 September 2014 /payments /sibos
Amit Agrawal NA at in transit
Financial Institutions (FI) follow different solutions to fulfil compliance requirements. We can divide this into following different models: 1. Option 1 : in-house, in-country This option is will help FI to keep all the compliance functions in-house. Advantages: • It works great when FI has significant presence in the country • Helps to build go
13 September 2014 /regulation /sibos Financial Services Regulation
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
So Swift sent out a list on 'How to survive Sibos' on its events page. It included tips like 'download Sibos Issues and 'Sibos Daily News' ??!! Or, maybe, (here's a thought) you could just bookmark Finextra.com for a week! I don't go without food or sleep for four days doing videos on payments, T2S and intraday liquidity for my health ya know! Hrru...
01 September 2014 /sibos Whatever...
Thanks to a combination of external and internal pressures, the intraday monitoring and optimization of cash positions is now de rigeur for banks. As a result, cash managers are becoming increasingly proactive, but can payment operations meet their real-time demands? In part 1 of this discussion , we saw how regulation, as a key driver of optimiz...
28 August 2014 /sibos
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