SIBOS

IBM Open Banking Platform launch: Key takeaways

In today’s financial services industry, issues ranging from new regulations to unforeseen competitive pressures are placing ever-growing pressure on traditional banking institutions to move toward open banking models. To address this need, IBM introduced the IBM Open Banking Platform. The IBM Open Banking Platform is a software suite that helps accelerate a financial institution’s digital […]

Continue reading

Your everything IBM at Sibos guide

Welcome to Sibos 2018 in Sydney! Day one of the conference has begun, and I hope you’re booking plans to meet with IBM at the conference. Each day, I will update and revise this blog several times with news, announcements, videos, and blogs live from the floor at Sibos. Return often and let it serve […]

Continue reading

Transforming payments and creating new value chains with open banking

Open banking at its core is about empowering the end customers as the owners of their data and enabling organizations to work together — through APIs — creating new value chains to produce better products and services. It is that simple. The old way of delivering traditional banking and financial services to customers is not […]

Continue reading

Money — and cloud transformation — never sleeps

A leading financial services institution knew its cloud transformation execution wasn’t hitting on all cylinders. The CIO had made modest gains in cloud adoption, using virtual machines in the data center and some off-premise cloud platform services for customer engagement. Defining agile teams and taking advantage of new capabilities in such areas as microservices architectures […]

Continue reading

How banks use bank-as-a-platform to modernize apps with cloud

In today’s banking landscape, there’s a growing trend by clients to move their applications to the cloud, including their core banking applications. This movement — core to cloud — is essential for banks seeking to modernize their legacy systems and become agile and flexible. This is especially true if they’re going to compete with new […]

Continue reading

Ending vicious AML cycles: Why repeating the same approach is no longer sustainable

In 2010, I was traveling with my son, when his name was flagged for a partial match to a suspicious person by the US Transportation Security Administration (TSA). The TSA agent, dutifully asked if he could have a word with my son to sort out this issue, to which I replied, “Be my guest.” My […]

Continue reading

Balancing customer expectations (and risks) in real-time payments

Riddle me this? Would you rather travel from New York to Los Angeles, hyperloop style, in half the time of flying, knowing that your safety is not assured, or sit aboard a conventional flight for 7 hours, knowing that you have chosen a statistically safer, though significantly slower, means of travel. Consumers are almost unanimously […]

Continue reading

Intelligent AML: How banks use advanced analytics to achieve a compliance win-win

A few weeks ago, my colleague Sam Kalyanam discussed the challenge facing financial institutions regarding the way they conduct anti-money laundering (AML) compliance. They face an important decision: maintain the status quo, thereby adding to the swelling ranks of their AML compliance teams, or leap ahead by applying cutting edge techniques to existing labor-intensive processes. […]

Continue reading

Changing the way money moves across Asia Pacific: Sibos 2018

We very much look forward to hosting the premier global financial services industry conference in Sydney, Australia from October 22-25. Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. We see a market with many opportunities […]

Continue reading

Continuing the path to real-time payments innovation

Since the 1960’s, IBM has worked with banks to help simplify their payment operations by upgrading payment processes, integrating existing silos and renovating legacy systems. In today’s drastically changing payment landscape, banks now wrestle with implementing new real-time payment schemes while satisfying new regulatory mandates and the demands of industry bodies, customer and merchants. These […]

Continue reading

FinTech year in review: What we saw and where we’re going

Sibos, which is one of the premier global financial conferences, seemed different this year. The dominant story is that fintech startups and banks are better off as friends than foes. Fintech, once seen as a disruptor, is now becoming a mainstream and also a collaborating partner. Taking advantage of each other’s strengths is leading to strong […]

Continue reading