Boston, November 18, 2010 – A new report from Aite Group provides an overview of the key trends and product updates identified at this year’s SWIFT Sibos conference, hosted this year in Amsterdam.
The key takeaway from this year’s Sibos conference is a positive one: The industry is finally emerging from its under-siege mentality of 2008 and 2009. Weathering the fallout from the financial crisis had been the top priority in early 2010, but attitudes seem to be shifting back toward growing revenues and facing head-on some of the problems that remain in the industry.
For wholesale banking, it is evident that the industry’s understanding of supply chain finance continues to grow, payments-related data models continue to evolve, and payments hubs and ecosystems are slowly becoming a reality. The message was equally hopeful for securities and investments firms, with initiatives, such as post-trade messaging through SWIFT among others, also gaining momentum.
“The initiatives identified at this year’s Sibos are indicative of the positive attitude encountered at the event,” says Fritz McCormick, senior analyst with Aite Group and co-author of this report. “The light at the end of the tunnel is finally visible.”
This 14-page Impact Note contains three figures. Clients of Aite Group's Wholesale Banking or Institutional Securities & Investments services can download the report.