Parth Desai Founder and CEO at Pelican
Cutting costs is a priority for banks and investment in the right connectivity solution is an important part of lowering headcount and improving the bottom line. It is true that most bank systems cannot cope with the increase in payment messages we are currently seeing. The solution is to adopt a unified, standard approach to payments messaging a...
16 September 2009 /sibos
Retired Member
After having survived the typhoon, the real business of Sibos has started: debating the key issues facing banks and their corporate customers. SEPA migration is still a key topic with its implications for potential Asian payments consolidation. Many of the delegates to whom I have spoken have expressed the feeling that we are still talking about th...
16 September 2009 /payments /sibos
Day two and yet again talk about ‘hubs’ has been circulating through the conference. This is a perennial topic with barely a presentation or talk going by when the word ‘hub’ is not applied to yet another part of the payments industry as if the term alone will be the panacea for all things technological. Quite frankly, none of this helps as it is ...
As dawn broke on the second day of Sibos, delegates across Hong Kong woke up confused. Was Hong Kong being battered by a force 8 typhoon, or not? Conflicting emails and stories flew around the city – was it safe to go out? Were the clouds moving off? Those that braved the weather and made it to the start of the day’s sessions were in for a treat. F...
15 September 2009 /sibos Innovation in Financial Services
As the typhoon raged over us here at Sibos last night, I couldn’t help but think of the new storm that is brewing over the western banks as we speak. The reason I thought this was that ironically the cause of this storm is here in Asia. As an active player in the Asian market, we have been cautiously optimistic to see our Asian customers and prosp...
15 September 2009 /payments /sibos
Following the collapse of the sub-prime mortgage market in 2007, various government authorities and corporate organisations across Europe have reported losses from investment in derivatives products as a result of credit markets unravelling. But haven’t we been somewhere similar before? In the late 1980s, the London Borough of Hammersmith and Fulha...
15 September 2009 /sibos
I'm hoping that we're not starting a new tradition of "crisis Monday" at Sibos. Last year, it was fears of banking system collapse and this year it's the imminent typhoon threat to the over 5,000 attendees at the Hong Kong Conference and Exhibition centre. Perhaps to get it out of the way before Sibos had properly started, the industry an...
14 September 2009 /payments /sibos
That’s the question that Joseph Yam, CEO of the Hong Kong Monetary Authority, asked the Sibos audience in this afternoon’s welcome address. Specifically, why did it take so long for Sibos to come back to Hong Kong, having last been here 18 years ago? (I agree we should have come back sooner! ) Mr. Yam reflected on the witnessed over that time. Ref...
14 September 2009 /regulation /sibos SWIFT Matters
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Are you anticipating the upcoming Payments Services Directive with fear, excitement or indifference? Do you see the emergence of additional PIs in Europe as competition or as a business opportunity? To find out how your peers feel about the PSD you have to take part in Finextra's Sibos survey - The PSD - Markets Opportunities Survey. Launched at Si...
This year's Sibos is haunted by the ghosts of Vienna in 2008, when a large chunk of delegates were called back to their home offices to deal with the fall out from the collapse of Lehman Brothers. While (fingers crossed) there are no rumours of crashing banks yet (too much government money floating around now) the most exciting whisper in Hong Kong...
14 September 2009 /sibos
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