Latest Sibos News: Finextra Research

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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Faster Payments slow so far, but business cases for banks emerging

VocaLink and PricewaterhouseCoopers have published a detailed research report into the UK Faster Payments Service. The scheme has processed 262 million payments since going live on May 2008 - lower than originally projected by this stage - but by 2018, the targeted end-date for cheques in the UK, the Payments Council estimates that annual volumes could reach as high as 2.51 billion.

15 September 2009

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SmartStream launches new division to deliver trade processing and data utilities

SmartStream's new DClear Utilities division, launched at Sibos in Hong Kong, aims to serve financial institutions using a shared service centre model for common processing services. The DClear Reference Data Management Utility is the first such utility to be launched and the company says it has already signed an un-named US-based financial institution.

15 September 2009

/Sibos

World Bank calls for financial services expansion in emerging markets

The cost of financial transactions in the developing world could be reduced by as much as 80% through a reform of inefficient payment and securities systems, according to the World Bank.

15 September 2009

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Citi taps Microsoft for new e-banking service for corporates

Citi has enlisted the services of Microsoft for the development of its new online corporate banking service, which was launched at the annual Sibos event in Hong Kong.

15 September 2009

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Rabobank signs with Bolero, while Swift TSU registrations climb above 100

Dutch bank Rabobank has joined the Bolero multi-bank trade finance platform, as bank-to-bank processor Swift announces a host of new users for its Trade Services Utility.

15 September 2009

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Typhoon Koppu hits Sibos Hong Kong

As the first day of the Sibos conference and exhibition in Hong Kong drew to a close, the Hong Kong Observatory upgraded its typhoon warning to T8 level, causing many banks and vendors to cancel their evening networking events.

14 September 2009

/Sibos

BTMU adopts Pelican for Sepa compliance

Japan-based Bank of Tokyo-Mitsubishi UFJ (BTMU) has become the first adopter of Ace Software's Pelican payments product in a Sepa-compliant, software as a service format.

14 September 2009

/Sibos

Staff cuts "inevitable" as Swift contends with declining volumes

Lazaro Campos, Swift chief executive, says that headcount reductions at the banking co-operative will be inevitable as the company contends with declining traffic volumes and bids to improve efficiency levels by 30% and cut 20% from its worldwide operational costs over the next year.

14 September 2009

/Sibos

Risk and regulation driving IT spending priorities at transaction banks

Risk and regulatory pressures are driving global transaction banks to invest more heavily in technology and IT outsourcing, according to a joint survey by banking co-operative Swift and IBM

14 September 2009

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Bank of East Asia turns to Clear2Pay for Chinese central bank connectivity

Hong Kong-based Bank of East Asia (BEA) has purchased technology from Belgian payment system provider Clear2Pay that will enable it to connect to the People's Bank of China's Electronic Commercial Draft System (ECDS).

14 September 2009

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