341 Results from /sibos
Retired Member
We might all be running on fumes, but we made it to day four. Another one in the books. I can't resist the temptation to complete the airline analogy… we’re beginning our descent, buckle up, you’re cleared for landing, bla-di-bla-di-bla! So, what did we learn this week? 3 key things for me... Market practice. A level-setting exercise to descri...
15 October 2015 /sibos Standards Forum
Standards Forum Day Three was all about compliance and regulation. "Less conversation" is not a phrase that one would normally expect see in the same sentence as "Sibos" but there it is in the title of the first session of the day. The panelists discussed regulators and the fact that they are starting to engage standards organi...
14 October 2015 /sibos Standards Forum
The Asia Pacific region is a growing hub for innovation in global financial services, driven by initiatives such as Singapore's FinTech & Innovation Group (FTIG). Mobile banking and payments are growing considerably worldwide, but analysts predict the most significant impacts are occurring in Asia, which is frequently a test market for new tec...
14 October 2015 /payments /sibos
Tuesday at the Standards Forum saw the official launch of the ISO 20022 Harmonisation Charter. Compère Muir, always in danger of breaking into a song when you shove a mike in his hand, thankfully spared us his vocal talents… instead we were treated to a local A Capella group singing in… you guessed it… perfect harmony. Geddit? [Editor’s note: Gr...
The payments world is both complex and complicated: Complex because of the many different parts that need to come together to facilitate the movement of value; and Complicated because the parts are interconnected both domestically and globally. New technologies, new payment entrants, end-user client demands, and the move to global standards are d...
13 October 2015 /payments /sibos
The need for market practice has not changed simply because we have introduced a new syntax… in fact, for a good number of years market practice organisations such as ISITC have shifted the focus of their market practice documentation towards a more syntax-neutral and data-centric view. Samples of actual messages are provided in both 15022 and 20...
13 October 2015 /sibos Standards Forum
Day One is in the books. A couple of the sessions were standing room only. Luckily, there is room to expand in the aisles... unlike Innotribe which had to turn people away from the API session. Bah! The festivities kicked off with a showcase of regional standards activity before a packed audience. Prior to SWIFT’s expansion of their presence in S...
12 October 2015 /sibos Standards Forum
Here we go again. Time to get your geek on. In Forums past we’ve talked endlessly about ISO 20022, explaining what it is, what it isn’t… we’ve argued for adoption where it makes sense, and perhaps sometimes (in hindsight) where it didn’t necessarily make the most sense… but we argued anyway because deep down we know it’s the right thing to do! Wi...
Despite increasing regulations across the finance sector globally, fraud and associated risks continue to increase—and at a staggering pace. Thomson Reuters was recently quoted as saying, “Increased regulation isn’t just a temporary challenge for global financial institutions—it’s the new reality.” And, the cost of compliance is on the rise. A rec...
11 October 2015 /security /sibos
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
“I want it now.” Sounds like a petulant teenager, doesn’t it? But actually, it’s the sound of consumers and corporations around the world demanding immediate payments solutions. While immediate payments are already mature in some markets, in others they are still maturing, and for some countries, they are not even in the plans yet. But one thing...
09 October 2015 /payments /sibos Finextra@Sibos
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.