A new report from Aite Group provides analyst perspectives on the annual Sibos conference, which took place in September of this year. It discusses key takeaways of the event and highlights opportunities for Aite Group clients.
Every year, Sibos provides a strong read on the entire financial services industry, from banking to capital markets. The overall feeling at Sibos 2011 was one of stoic resolve. Despite the concerned atmosphere, new ideas and initiatives were introduced, updates were provided for ongoing developments, and a spirit of getting back to basics pervaded. Corporations are looking to their banks for solutions rather than for game-changing innovations, and new ideas and initiatives are therefore focused on improving process flows and existing business models.
“As in years past, attending Sibos 2011 proved a good way to take the pulse of the marketplace,” said Nancy Atkinson, senior analyst with Aite Group and co-author of this report. “Concerning wholesale banking, it is clear that the industry – including banks, corporations, and vendors – is trying to collaborate to provide real solutions for corporate and bank needs. Implications will extend through the securities and investments industry and across nearly all aspects of financial services.”
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