Sibos 2013 articles

Building An Early Warning System For The Global Economy

Building An Early Warning System For The Global Economy

Just as Sibos delegates gathered in Vienna in September 2008, Lehman Brothers filed for bankruptcy, sending shockwaves through the global financial system. “There’s no point refining our existing risk models,” Till Guldimann, then Senior Vice President of Strategy at Sungard Capital Corporation, told fellow attendees as they questioned how the world’s biggest institutions failed to

Fin-Tech Start-Up Nexus

In its earliest days, when it was based above London’s Smithfield meat-market and opposite the huge Fabric nightclub, UK cyber security start-up Digital Shadows had a hard time establishing credibility with banks, an important part of its target customer base. “When we were in Smithfields they were literally power-washing the blood off the streets in

Top 25 Hottest Financial Services Start-Ups

To identify the most promising financial services companies across the globe, Informilo asked some of the most active investors in the sector to nominate and evaluate 10 companies outside their own portfolios. The other 15 companies are the finalists in a competition organized by Innotribe, the innovation arm of SWIFT, the global financial services provider.

Serial Disrupter

Disrupting financial services has become something of a habit for entrepreneur Chris Larsen, a scheduled speaker at Sibos, an annual conference that gathers more than 8,000 banks from around the world. Connecting people who need capital with loans? Larsen’s first two start-ups e-LOAN and peer-to-peer lending platform Prosper offer consumers easier, cheaper alternatives. E-LOAN, which

Coping With Change

Prior to the financial crisis of 2008, the world was dominated by big banks and a  top-down hierarchical style of banking. It took the shock of a cataclysmic event to shake the foundations. It was not just a loss of confidence in traditional institutions that has accelerated the pace of change but some fundamental changes

Investment Management 2.0

When people use pension funds to tuck away money for their retirement  their savings gets sucked into a kind of giant global casino. They have little choice or visibility on what the money is being invested in and the money will most likely not be applied to projects in their own communities. But what if

Innovation Models For The Digital Age

Enterprises and organizations of all kinds — banks and financial services companies among them — are finding they have to innovate more to keep up with changes in the turbulent external business environment. They also need to adapt their internal organizational structures to deal with this. However, very few organizations grasp the full extent of

Rebooting Banking For The 21st Century

Many banks are trying to transform themselves for the digital age but few have gone as far as Poland’s BRE Bank, which rebooted earlier this year by scrapping its traditional brand and redesigning itself from scratch.BRE, which launched in Poland in the 1980s and later became a strategic investment of Commerzbank, first tested Internet services by launching mBank, a pure-play online bank

Peer-to-Peer Lending Platforms Begin Partnering With Banks

For Renaud Laplanche, it began with a bank statement — or a pair of statements. Laplanche, then an executive at Oracle, was reading the fine print on his bank-issued credit card statement and another for his savings account and compared the two. If he didn’t pay off his credit card, the monthly interest on what he

How Design Thinking Could Transform Banking

Vince Voron, a scheduled speaker at Sibos in Dubai, has more than 20 years of design experience at two of the world’s most iconic brands: Apple and Coca-Cola. He recently took on a job as Vice President of Dolby Labs, leading a marketing team which includes design, brand management, digital/experiential marketing, content, production and the