Citi spent $1 billion on transaction services
Earlier this week, I noted that Citi were advertising the fact that they spent a billion dollars on global transaction services (GTS) in 2009. This is an investment in new infrastructure that delivers global real-time transaction services fit for the 21st century, and was one of the core messages on their booth at SIBOS: For…
Citi spent $1 billion on transaction services
Earlier this week, I noted that Citi were advertising the fact that they spent a billion dollars on global transaction services (GTS) in 2009. This is an investment in new infrastructure that delivers global real-time transaction services fit for the 21st century, and was one of the core messages on their booth at SIBOS: For…
Is there any innovation here? Nope
After the innotribe stuff, it was off to a panel debate about “payments innovation”. This session was described as follows: “The crisis has put the emphasis back on traditional banking and sources of revenue, with payments coming to the fore again. Yet payments are also seen as a commoditised, legacy business where scale is everything….
Is there any innovation here? Nope
After the innotribe stuff, it was off to a panel debate about “payments innovation”. This session was described as follows: “The crisis has put the emphasis back on traditional banking and sources of revenue, with payments coming to the fore again. Yet payments are also seen as a commoditised, legacy business where scale is everything….
Regulate for what’s needed, not politics
Just went to another great plenary session discussing whether transaction banking will be the engine for the next phase of sustainable growth and moderated by Karen Cone of TowerGroup. The panel consisted of the heads of global transaction banking from some of the largest banks: Werner Steinmuller of Deutsche Bank Andrew Long from HSBC Catherine…
Regulate for what’s needed, not politics
Just went to another great plenary session discussing whether transaction banking will be the engine for the next phase of sustainable growth and moderated by Karen Cone of TowerGroup. The panel consisted of the heads of global transaction banking from some of the largest banks: Werner Steinmuller of Deutsche Bank Andrew Long from HSBC Catherine…
Can we get Asians to spend rather than save?
Not surprisingly I’ve now turned in from the conference for the day absolutely knackerood. After the 10k marathon of going up and down from ground to third floor and back all day, between the two exhibit halls, conference rooms, plenary and breakout sessions, toilets and you name it, me feet are falling off. Not that…
Interesting research
SIBOS and most conferences are always a good moment to release research. We released ours last week, but there are several reports that stand out. For example, Barclays Commercial Banking polled 160 people across financial institutions in London, Dubai, Frankfurt and Singapore, to find out what they looked for in their selection of a transaction…
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