Sibos event preview from Allevo's Corina Mihalache

Allevo CEO Corina Mihalache explains to Rebecca Gibson what makes Sibos an important event for financial services institutions

Rebecca Gibson
Rebecca Gibson
By Rebecca Gibson on 10 September 2014
Sibos event preview from Allevo's Corina Mihalache

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 offers the chance for enterprises to network and connect with thousands of industry decision makers, topic experts and thought leaders from financial institutions, market infrastructures, corporations and technology vendors across the globe. If you want to be a key player in the financial sector, Sibos provides the ideal platform for you to get your voice heard by the right people – it’s an event you simply can’t miss! We have ideas to share and the creativity to make those ideas appealing to both Sibos attendees and potential customers, that’s why Allevo is attending the event.

What will you be showcasing?
This year, Allevo will discuss banking on open source technology and what that means in today’s world. This includes how banks can adopt and operate using open source principles and its core philosophy: free cultural successes sharing, free business competition, cooperation in non-differentiating operations area, and business ethics. This is the first Sibos since we officially started publishing FinTP, the first open source application for processing financial transactions, so we will be focusing on the challenges of running an open source community in the tightly regulated financial services market. However, Sibos isn’t just an event to share ideas, it’s also a place to build solutions. If a customer is worried about remittances, reconciliation, Single Euro Payments Areas, regulatory compliance, transactions filtering, liquidity reporting, duplicate detection, treasury or competitive reports, we will help them to resolve those challenges.

What are you most looking forward to?
We’re looking forward to discussing FinTP and its related open source community FINkers United. with industry experts, as well as highlighting the benefits of open source banking technology and bringing new members into the community. In Boston, we aim to launch an ideas contest of features or apps that can be built on top of, or connect to, FinTP. We will select the best ideas at Sibos and try implement and include them in future releases of the FinTP Project. This will enable us to give something back to the FinTech community.

What do you think will be a key trend at the event?
Poor’s financial inclusion is still the key trend and will continue to grow over the coming years. Financial institutions have started to look at disintermediation in a new way as they search for alternative solutions to be able to provide financial services for everyone. That’s why the timing for the FinTP Project couldn’t have been better.

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