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Finextra@Sibos

The Finextra@Sibos community is open to all delegates and exhibitors at the annual financial markets conference organised by financial messaging network Swift.

Richard Ransom

Richard Ransom Corporate Payments Specialist at Virtusa

Five Things Banks Need to Keep in Mind While Leveraging APIs for Their Payments System

Application Programming Interfaces (APIs) in payment processing are gaining traction globally. In addition to open banking, they are now being used end to end in the payment value chain – linking internal systems together more efficiently, accessing external applications, enabling the microservices transformation of legacy systems, and providing n...

/payments /sibos

Retired Member

Retired Member 

Is RegTech the Silver Bullet to Fighting Financial Crime or is there more to it?

The 2016 Global Terrorism Index reported a 650% increase in deaths from terrorism amongst OECD member countries. In this environment, it is no surprise that governments are making a strong attempt to counter terrorist financing. Although we welcome new anti-money laundering and anti-terrorist financing regulations that have been introduced to tac...

/regulation /sibos

Craig Ramsey

Craig Ramsey Head of Real-Time Payments at ACI Worldwide

When Immediate Payments Go Bad

“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...

/payments /sibos

Richard Chapman

Richard Chapman Head of Strategy at SunGard

The best practice checklist for reconciliations

In my previous blog I mentioned the growing external pressures for brokers when it comes to the reconciliation of exchange traded and over-the-counter derivatives. With EMIR requirements coming into effect, and Dodd Frank already impacting the industry, it’s never been so vital for brokers to improve their levels of operational control. Even more...

Craig Ramsey

Craig Ramsey Head of Real-Time Payments at ACI Worldwide

Why travel to Sibos? Just look out of the window

The enormity of global trade is on display this year in Osaka, and it is more evident than ever that payments and trade finance are critical banking services supporting global economic growth. Each day participants navigate from hotels across the massive Kansai economic region of Osaka-Kyoto-Kobe-Nara to the INTEX conference center. On they way, we...

/payments /wholesale

Craig Ramsey

Craig Ramsey Head of Real-Time Payments at ACI Worldwide

The return of the payments hub

After years of a lack of clear agreement from the financial sector, the payments hub is finally getting some focus, as companies seek significant gains in financial efficiency. No longer referred to as simply advancements in technology, rather it’s now about actually providing a solution to a business problem. For banks, a single payments hub wou...

/payments

Craig Ramsey

Craig Ramsey Head of Real-Time Payments at ACI Worldwide

At last, a SIBOS where conversation around SEPA is welcome

After years of speculation, this week in Osaka we finally appear to have a SIBOS with a SEPA conversation worth having. With the date for compliance across the Eurozone now set for February 2014, we are beginning to see a move by corporates to start to adopt SEPA standards. The business case for migrating ahead of the 2014 date has always been a ...

/sibos /wholesale

Retired Member

Retired Member 

Tackling regulation - what we learned from Sibos

Regulation is a fact of life in the payments business but when it was discussed at Sibos, people seemed united in their opinions on how best it should be tackled. And common standards and communication are at the root of their recommended approach. A regulation like Basel III is best implemented with a maximum harmonised approach across the globe, ...

/payments /sibos

Retired Member

Retired Member 

SIBOS - have banks missed the mobile payments boat?

With a session being held at Sibos today on whether it is too late for banks to compete in mobile payments, I thought I’d revisit a theme I’ve blogged about in the past; banks and their mobile payments’ strategy. Having spoken to a number of banks about their mobile money and payments strategy recently, it is clear that there is no one standardise...

/payments /sibos

Craig Ramsey

Craig Ramsey Head of Real-Time Payments at ACI Worldwide

The customer is always right

It’s a fact that when it comes to banking and payments, customers have high expectations of reliability, efficiency and dependability. This has not changed over the decades. What makes it more challenging for banks today is the speed at which transactions occur, along with the sheer growth of the number and complexity of payments. More and more pay...

/payments /sibos

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