336 Results from /sibos
Retired Member
According to estimates: • 2.5 billion people have no access to financial services. • The number of mobile connections worldwide stands at over 5 billion. • Usage of mobile banking will double in less than 3 years to touch 400 million. These facts tell the story of a new banking, which is intent on spreading financial inclusion through the use of lo...
17 February 2011 /sibos /retail Innovation in Financial Services
This piece is especially for those who believe that sustainability looks good in a mission statement but not on a balance sheet. CFS, U.K., which claims to be the world’s most sustainable bank, turned out stellar results in the first half of 2010, when others were still overcoming the crisis blues. Is sustainability sustainable? Let me answer that...
01 February 2011 /sibos /retail Innovation in Financial Services
I am seeking an answer to a question that’s been bothering me – why does banks’ interest in innovation not translate into intent that is as strong as the interest itself? The latest in a series of our studies on innovation shows near unanimous agreement on the importance of innovation among banks across the globe. Nearly 80% of 72 West European ba...
24 January 2011 /sibos /retail Innovation in Financial Services
Necessity is the mother of innovation! This tired old cliché was proved right by an Infosys-Asian Banker joint research study of 59 banks from 14 countries in the Asia Pacific region, which revealed that banks innovate mainly to beat severe market and regulatory challenges. However, the similarity ends there. The study highlighted that banks in di...
11 January 2011 /sibos /retail Innovation in Financial Services
Ask a dozen bankers about the relationship between technology and innovation, and the answer will either be ‘inseparable friendship’ or ‘uneasy truce’.... or something to that effect. I have observed, and research confirms, that this polarised viewpoint is linked to market maturity. Almost without exception, banks around the world agree that IT is...
17 December 2010 /sibos Innovation in Financial Services
Basel III is setting the precedence for re-establishing the rules, as a result of the fall out of the financial market post-2008. The key aspects – tighter rules for tier-one capital, higher ratios of tier-one capital in relation to risk-weighted assets, new borrowing ratio relative to tier-one capital, new liquidity provisions, and measures to ...
16 December 2010 /regulation /sibos Innovation in Financial Services
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
First off, let me just say I am not slagging off the Innotribe sessions at this year's Sibos. I love innovation. Whether it's the next hot thing or the next hot air - innovative ideas and technology gives us a glimpse at where the future is going and how our economy is evolving. However... The myriad of blogs and Tweets that inevitably follow a s...
05 November 2010 /sibos /wholesale Finance 2.0
One criticism of the digital age is that 'living online' so-to-speak, takes away from real interactions with living, breathing human beings. Well, without being ironic, Twitter was the ultimate catalyst for 'meets & greets' at Sibos this year. A whole slew of people I've never met, but knew on Twitter, came by and hung by the Finextra booth (I'...
01 November 2010 /sibos Social Banks
You have to admit, the Innotribe sessions at Sibos 2010 had the vibe, energy, soundtrack and dialogues of Hollywood blockbusters this year. Good storylines, happy endings and one-liners that would put Sly and Arnie to shame. Anyway, if you haven’t been, here’s a summary. The most used word: “ubiquitous”, followed by “trust”, on par with “data”. T...
29 October 2010 /sibos
Interestingly, the cloud computing keynote and panel sessions at Sibos didn't approach cloud computing from an IT angle as it is often done but truly from a business perspective. Why are we interested in cloud computing in banking? Is it because of the economies of capital expenditure that we can achieve through virtualisation? Or is it because of...
28 October 2010 /sibos
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