Latest Sibos News: Finextra Research

European Parliament wrests control of negotiations on US access to Swift data

Members of the European Parliament have claimed victory in their power struggle with the EC over negotiations on giving US authorities transaction information sent over the interbank Swift network.

17 September 2009

/Sibos

Open ID pitch wins Swift's innovation competition

A business model pitch called e-ME won the competition part of the Innotribe side conference run for the first time at Swift's annual conference. The concept was workshopped as part of an assignment to develop ideas in cloud computing that delegates took part in over the course of the four-day event.

17 September 2009

/Sibos

IPF to go live with US/Europe payments in 2010

The International Payments Framework (IPF), an industry group aiming to simplify cross-border payments, is set to go live with the first stage of its payments plan in January 2010.

17 September 2009

/Sibos

Core banking renewal strategies lacking business vision - research

Core system renewal strategies at banks often create more problems than they solve, as firms ignore enterprise integration issues in favour of tactical one-off changes and quick-fix band aids, according to research conducted by Sterling Commerce.

17 September 2009

/Sibos

Chi-X races to adopt faster messaging technology

Chi-X has signed an agreement with IBM to install its high speed messaging technology. This move is part of a larger race among liquidity providers to increase the speed of their services.

17 September 2009

/Sibos

Transaction bankers embrace co-operation

The future of transaction banking lies in greater collaboration between banks and a greater adoption of outsourcing. This was the main point delivered at a keynote debate at this Sibos, the annual user conference of banking co-operative Swift.

17 September 2009

/Sibos

Swift Standards Kit aims to ease back office integration woes

Financial messaging outfit Swift is looking to ease the burden of standards development and maintenance for banks and vendors with the release of a set of processable documentation components for automating the labour-intensive task of cross-referencing and maintaining multiple messaging standards.

16 September 2009

/Sibos

Portuguese interbank processor selects Clear2Pay for outsourced payments

Sibs Processos, part of Portuguese interbank processor Sibs Group, will be implementing Clear2Pay's Open Payment Framework as the core technology for its payment hub project that will offer outsourced payment processing services to banks.

16 September 2009

/Sibos

Logica and RTM partner to deliver hosted AML solution to Brazilian banks

Logica has announced a partnership with Rede de Telecomunicações para o Mercado (RTM), the largest financial services extranet in Brazil, to supply its payments filtering product, HotScan. Two banks have already begun using the RTM-hosted HotScan to comply with the Combating Terrorist Financing (CTF) regulation that came into effect in March 2009.

16 September 2009

/Sibos

Euroclear launches Korean bond service

Belgium-based central securities depository Euroclear has developed a new service link with its Korean counterpart, Korea Securities Depository (KSD), in order to provide settlement, custody and related services for Korean treasury bonds (KTBs).

16 September 2009

/Sibos

Sibos targets remittance failings

Banking co-operative Swift is set to unveil its latest service for bank to bank remittance payments on Wednesday morning at the Sibos event in Hong Kong

16 September 2009

/Sibos

T2S spat turns up the heat at Sibos

A progress report by the European Central bank on the controversial Target2Securities integrated settlement project descended into a three-way spat between agent banks, securities depositories and the central bank over costs, timetabling and information transparency at a hot and heavy Sibos session in Hong Kong.

15 September 2009

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