Last week over 8300 delegates attended Sibos 2016 in Geneva, Switzerland. There were loads of forums, debates and payments related sessions covering a variety of topics across the finance industry. As i scanned twitter for Sibos 2016 some interesting themes emerged and i thought i would share these in this post. If you were at Sibos 2016 for the full 4 days, let me know if the below captures the key trends.
1. Everyone talked about how blockchain is going to transform the world
“#Blockchain turns the financial world on its head” says Thomas Jordan, head of the Swiss central bank #Sibos2016 https://t.co/RhnMx1WsOE pic.twitter.com/7SOr0cFDSM
— Holland FinTech (@HollandFinTech) 27 September 2016
2. Blockchain was discussed everyday during Sibos 2016, and mentioned in most sessions
#blockchain will do for #transaction just like #Internet did with #information by @GinniRometty #SIBOS2016 #IBMBanking pic.twitter.com/lhgFZsEA7k
— Paolo Sironi (@thepsironi) 28 September 2016
3. Ripple dug into the SWIFT Global Payments Innovation Initiative (GPII)
#SWIFTgpi makes promises based on what may be available someday. Ripple can move real money in seconds, right now. https://t.co/ZPIJyrTdeW
— Ripple (@Ripple) 27 September 2016
4. Customer Experience, Disruption & Ripple (again!)
Gautam Jain, @StanChart: “You wouldn’t wait 5 sec for a web page to load. Why wait 3 days for a payment?” #Sibos https://t.co/orBDBud9cN
— Ripple (@Ripple) 29 September 2016
5. Talent & Culture within Traditional Financial Services was widely discussed
Fighting words at #Sibos from @LedaGlyptis “in traditional FIs there is a serious talent gap”
— Duena Blomstrom (@DuenaBlomstrom) 26 September 2016
6. Following the recent SWIFT related hacks, Cybersecurity was a hot topic
Kicking off #Sibos 2016 with the ‘Cyber resilience in a changing world’ session #CyberSecurity pic.twitter.com/GYczAiSgSx — Sibos (@Sibos) 26 September 2016
7. Disruption, Fintech Startups and Technology Companies were discussed constantly
“#fintech will eat out lunch if we don’t innovate & adapt to the new times,” @swiftcommunity CEO @GeoLeib at #Sibos pic.twitter.com/vGQGRxMvJe — Tanya Andreasyan (@TanyaBankTech) 26 September 2016
8. Artificial Intelligence and the use of Bots…
Machines can solve complicated problems. They cannot solve complex, surprising problems. @NielsPflaeging #Sibos #AI pic.twitter.com/fngVmLfU3D
— Innotribe (@Innotribe) 27 September 2016
9. The Diversity and Financial Inclusion Opportunity
12 trillion could be added to world GDP by 2025 if women were equal. Jennifer Boussuge of @BankofAmerica points out #diversity #Sibos pic.twitter.com/YEC8S4Gr9M
— Ghela Boskovich (@GhelaBoskovich) 27 September 2016
10. The Innotribe sessions were a hotbed of activity, covering all of the cool stuff
Great Vision:
The Future of #Fintech is Happening Now!https://t.co/HpMHXXwJwz @Innotribe Magazine, @Sibos Edition#Sibos pic.twitter.com/koYmynCLN2— Jim Marous (@JimMarous) 28 September 2016