Paul Miserez Standards Department at SWIFT
We at SWIFT would like to hear about your ISO 20022 plans, experiences and questions. Starting today and leading up to Sibos, we will launch a series of weekly blogs on Finextra called "Making ISO 20022 work for you", each focusing on a specific ISO 20022 business case and implementation aspect. All blogs will end with an open-ended ques...
01 September 2015 /regulation /sibos Standards Forum
Let us remind ourselves of the reasons why people and organizations want to standardize complex and costly processes. It is to reduce cost. That is exactly where standards can be a catalyst and the standards forum a voice. From 12 till 15 October 2015, a legion of standards enthusiasts representing banks, analysts, regulators, vendors and academic...
18 August 2015 /regulation /sibos Standards Forum
Retired Member
Hong Kong regulators are taking the lead and cracking down on compliance. Last week its Securities and Futures Commission revealed inadequate KYC procedures within banks for onboarding. The HKMA is also calling on banks to up the ante on money laundering checks for tax reporting. Regulatory expectations and standards continue to increase not just ...
15 June 2015 /regulation /sibos
Mike Davies Vice President EMEA North at GMC Software Technology Limited
I often think making exact predictions on what will happen in a year’s time is a fool’s game. What can be a useful exercise though is to look at the trends of 2014 and see where these might be headed. For the UK retail banking sector in particular there have been some significant movements over the past year, which look to shape an interesting 201...
07 January 2015 /sibos
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
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