Taking place at the Boston Convention & Exhibition Center in the US from 29 September to 2 October, Sibos will bring together key figures from financial institutions, market infrastructures and technology vendors to showcase the new technologies and strategies that will shape the financial services industry. Delegates will explore issues including regulatory compliance, cryptocurrencies and payments platforms.
What makes Sibos an important event in the industry and why are you attending?
Sibos is now considered to be the premier business forum for the global financial community to debate and collaborate in the areas of payments. As an global banking software provider that is supporting the payments industry through our payments hub solution, Temenos Payments Suite (TPS), our attendance at Sibos has never been more important. It provides both a crucial opportunity to participate in market debates and also showcase our solutions to a concentrated audience.
What will you be showcasing?
Temenos has a wide product set stretching from core banking to wealth management, business analytics, channels, financial mitigation and SaaS solutions. Given the format of Sibos, we will be focusing on our range of payment solutions designed to address the needs of today’s banking. This range includes our standalone payments hub; Temenos Payment Suite (TPS) as well as our payments repair solution, STeP and our financial crime mitigation software solutions; Temenos AML Profile or Temenos Screen.
Temenos Payment Suite (TPS) is a real-time, state-of-the-art payments hub solution, built around a universal payments process which is made up of components that follow a structured process, allowing seamless payment processing. It provides an elegant, centralised payments infrastructure, supporting financial institutions to manage and process their payments from any source, in any format, to any destination. TPS offers an advanced architecture which provides product flexibility, tailored services and increased processing capacity to your mass payments capabilities. This gives FIs the control to quickly and effectively react to changing market demands and competitor threats, whilst reducing maintenance risks and costs. FIs can choose from 3 different editions available within the TPS framework to suit their needs: Model Payments, Advanced Payments and Enterprise Payments.
What are you most looking forward to?
Of course the various debates around virtual currencies are likely to be very interesting; particularly the session ‘Virtual currencies: disruptive trend or high-risk bubble?’ However, I do hope that there is some coverage on the ability for banks to manage these currencies through an agile payment solution; it’s all too easy to talk about these trends but making them a reality with an inflexible system rarely comes up in the debate. Our focus for Sibos this year is corporate payments and their untapped opportunities and therefore the session on day 3: ‘Corporate transaction banking: how payments & cash management, trade finance and receivables finance shape the future of corporate banking’ should prove of interest. This is particularly so if it moves away from the usual debate around e-invoicing and more general supply chain finance topics, towards the opportunities that bank payment services can offer.
What do you think will be a key trend at the event?
We believe that the debate on how banks can support corporates through increased efficiency, liquidity and visibility solutions, as well as learn from retail banking payment best practices has never been more important - this may be a trend at Sibos.
In response to this, we will be presenting the findings of a global survey that we are undertaking with IDC Financial Insights where we are speaking to Corporate Treasurers to understand their payment service needs from their bank.
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