By Tom Nijenhuis Looking back, Sibos was an outstanding event where collaboration between banks and fintechs was encouraged, the importance of data was regularly highlighted, the shift from B2C to corporate banking was frequently discussed, the customer experience was underlined as crucial and the necessary change of banks was repeatedly mentioned.Read more
We focused on Instant Payments, Open Banking and Future Developments and published 'live' reports on numerous sessions that took place during Sibos 2018.
By Tom Nijenhuis It is impossible to know what banks will look like in ten years' time. The question whether the current banks will all still exist in a decennium is even justified. More than half of the visitors of the session The bank of Tomorrow on the second day of Sibos expect that only 40 to 60 percent of all banks will survive the technological and social developments. A quarter of them think that eighty percent of the banks will still exist in ten years' time.Read more
By Tom Nijenhuis Exciting times are approaching for the ECB now that the pan-European infrastructure TARGET Instant Payment Settlement (TIPS) is going live next month. This platform enables banks to initiate immediate payments 24 hours a day, 365 days per year.Read more
By Tom Nijenhuis The session The Future of Money, that took place in a packed room on day three of Sibos, was proof that fintechs have detailed and up-to-date visions of the future. They covered how data are the new oil, the role of bigtechs in the payments industry and, of course, the future of banking.Read more
In this whitepaper, we examine how a rapidly changing financial environment is urging banks to rethink their business strategies and back-end operations. We also present a string of key elements and options for banks to consider when driving the necessary change to their payments platforms. Ultimately, making the right choices will help banks to compete in the new, digitized financial era.Download whitepaper
This infographic shows some interesting business opportunities stemming from the PSD2 regulation that third party providers (TPP) can pursue. Moreover it shows what steps a company should take to become a TPP.Download infographic
On 23 October we presented an Open Theater session " Best Practices for Banks - Enabling Innovation Through Payments Platform Transformation". In this session Thomas Feiler presented best practice examples of banks adapting to the challenges of the payments market.download presentation
Our experts at SIBOS discussed the new way of Financial Messaging with the banks that visited our booth. For the first time sourcing of SWFT messaging operations is real for tier-1 banks. For more information we invite you to view our recent webinar.view webinar
More and more countries around the globe have implemented or are looking to implement real-time payment solutions. Also, regional cross-border schemes like the European Payment Council's new rulebook for instant payments (SCT Inst) are expected to gain traction and define the future of payments.Read more
Since its birth, the Internet has opened systems and industries to the creativity of new players. Innovation is, in essence, what PSD2 is about. PSD2 is much more than making an API to connect to the core banking system. It's is a way to shape and create what we believe will be the platform economy of retail banking and payments.Read more
In today’s changing payments landscape, banks are subject to many forces affecting their business. There is a fundamental shift in the understanding of the role of a bank from storing, moving and lending money to a more service-driven entity that tailors for individual customers’ needs. This challenges the traditional value-chain.Read more
