Future developments

The payments industry is going through tremendous change. Legislations such as PSD2, the entry of third-party payment providers and rapidly evolving technologies in the world of banking are changing the way banks operate and the way society deals with money.

As a result, banks are forced to change their traditional business models, as they are no longer a guarantee for success. Banks are entering unknown territory, collaborating with fintechs and competing against bigtechs. Where are these innovations heading?

Wrap-up Sibos: Instant Payments is here to stay and banks need to act quickly

The annual banking and financial conference is growing every year. This is no surprise as the future of the payments world is extremely dynamic and this makes it so exciting. To manage these dynamics, collaboration is a key topic for the coming years. Collaboration among banks, with fintechs and bigtechs. 
Read the blog

CEO Christian Sewing of Deutsche Bank remains optimistic in these turbulent times

According Deutsche Bank it is a turbulent time. In his presentation at Sibos, the CEO was not so much referring to the largest restructuring of the German bank ever, but to the geopolitical tensions that are jeopardizing global economy. "The situation in Hong Kong, the trade war and the Brexit. are risk factors that bite.”
Read the blog

Latin America, even though regions differ quite a bit none of them can escape the digital transformation

Latin America is facing a unique situation: it has a low percentage of bank customers, while the vast majority do own a mobile phone.  Even though digitization in Latin America is not going as fast as in Europe, technological developments may very well accelerate in the coming years. 
Read the blog

BCG sees growth opportunities for the incumbents

The Boston Consulting Group (BCG) presented its annual Global Payments Report at Sibos 2019. The report concludes that there are plenty of growth opportunities for incumbent payment providers. BCG illustrates how regulation, consolidation and innovation are changing the payments space, and urges incumbents to act quickly. 
Read the blog

How trends in the payments market are challenging financial institutions

Helle Koggersboel, senior product marketing manager at Worldline, presented the current trends in the payments market, how they challenge financial institutions and how they turn these challenges to their advantage. 
Download presentation

Use your resources where you can make a difference to your customers

According to Helle Koggersboel of Worldline, banks put a lot of their resources into compliancy. But: this is just keeping your head above water without doing anything extra for your customers.  Instead, they should look for partners who can solve the compliancy issues and focus on where they can make a difference for their customers. 
Read the blog

Citi delivers the ultimate wake-up call for banks

Open Banking is a test case for the banking industry. Can banks move into the 21st century, or will they leave a vacuum that will be filled by bigtechs and fintechs? 
This question by Tony McLaughlin, Emerging Payments & Business development at Citi, reflects the urgency for banks to ”show up” in the Open Banking space. From his story it became clear that time is running out.
Read the blog

SIBOS 2019 day 1: New challenges due to Open Banking and the benefits of Instant Payments

The first day of Sibos showed that stakeholders in the market have embraced the importance of APIs.  APIs play a crucial role in enabling customer data to third parties in the age of Open Banking. This means that APIs are no longer seen as a difficult technical matter, but as a crucial building block for the future. 
Read the blog

‘The SPL scheme could be seen as a possible building block towards the development of pan-European payment solutions’

In this blog Christophe Godefroi, Senior Expert Standards and New Developments at the European Payments Council (EPC), talks about where we stand with the SPL scheme and what the value of this scheme is. 
Read the blog

‘Development of instant payments is supporting a progressive integration of European payment structures’

The impact of PSD2 and Open Banking is not yet as striking as Jean Clavel expected years ago. “Impact at scale is taking more time than we thought”, says the Managing Director & Partner of The Boston Consulting Group (BCG) about new developments driven by PSD2. 
Read the blog

Subscribe to our newsletter

During Sibos, we will report on numerous sessions and panel discussions, in order to share the latest insights with everyone who's interested in what's happening at Sibos. You can receive these reports - straight from London - automatically by subscribing to our online newsletter. 
Subscribe now

Future Developments | Sibos 2018-related blogs

Sibos 2018 took place in Sydney between 22 & 25 October 2018. We created a special series of Sibos-related blogs around the topics Instant Payments, Open Banking and Future developments based on presentations and panel discussions that took place during Sibos 2018.
Read our Sibos-2018 related blogs