At BNY Mellon, we are invested in having, and delivering on, big ideas on the forces that shape opportunities for our clients’ growth and success. Below is a sampling of materials relevant to investment services and treasury professionals broadly. Click on the links below to read our latest insights.
We are also delighted to share our insights as speakers at Sibos. Please plan to attend these sessions featuring BNY Mellon experts:
MONDAY, SEPTEMBER 26, 2016
Future of Money
The Future of Money session at Sibos has become the “crystal ball” identifying major disruptive trends that are likely to affect the financial services industry in coming years.
In previous years, this session covered topics such as the latest developments on virtual currencies and blockchain, the disaggregation and unbundling of the financial services value chain, and automated credit. But what’s the next big disruptive force?
We believe the new buzzword is the interconnectedness of everything at scale and speed. In this Internet of Everything, everything talks to everything and end-points make their own decisions, powered by sensor-driven data collection, machine learning and automated decision making.
It is not the sharing economy as we know it, but a data sharing economy where driverless cars make toll road payments per minute, washing machines decide the right energy vendor at what time and price, where products are created ad-hoc and in situ by 3D printers (with IP royalties paid in real time), where investment decisions are made by a new breed of robo-advisors in real time.
Everything happens at scale and speed. This real-time economy will require a fundamental new infrastructure with more dramatic intermediation than what we see today in payments and securities, with frictionless micro-commerce and micro-payment transactions enabling real transparency of money and value in general.
We will need to rethink the notion of ownership and the definition and management of intellectual property, financial assets, digital assets, rights management and royalties in fully distributed peer-to-peer world. And how do we regulate a world where all the rules have changed?
We move from enabling transactions to enabling commerce, from transaction networks to new articulations of value- and trust-webs.
This session will bring together some of the sharpest thought leaders on this radical transformation of our industry, and will focus on the inter-connectedness of everything.
Two moderators will guide the audience through this exercise and ensure a deep interaction with the speakers in an exciting interactive format.
Since Sibos Toronto in 2011, the Innotribe “Future of Money” is standing room only. For the first year, the session moved to the plenary room as a big issue debate, so make sure you’re there early!
Udayan Goyal, Co-Founder & Managing Partner, Apis Partners and Anthemis Group (moderator)
Emerging Technologies for Financial Services
Managing the unexpected or "how to predict and anticipate the improbable threats that could devastate my business?” This is the question that keeps us up at night. We fill our days with managing the expected, the things we can control by having the right talent and resource at the right place at the right time, developing the right capabilities and solutions whilst maintaining margin, growing revenues and delighting customers. These expected challenges are challenging enough. But what about the unexpected, the disruptive? The Deloitte Center for the Edge has taken an incumbent’s point of view to understand what turns a new technology or new approach into something cataclysmic for the marketplace and incumbents’ businesses. Join this session to explore the nine patterns of disruption they have identified and see how these can be articulated based on their relevance to the financial services industry.
TUESDAY, SEPTEMBER 27, 2016
Organize for Complexity
This session is about complexity and work — and how to deal with both in a productive way. After a condensed introduction on the theory and practice of organizational high performance, we will move into an interactive discussion on contemporary leadership and profound transformation in organizations of all kinds. Our speaker will dissect classic management theory and in a well-humored manner, offer coherent alternatives that are a welcome addition to management thinking and align with the principles of wirearchy and connected leadership.
|10:15 - 11:15||
Exploring the Global Trade Landscape
Correspondent banks face a complex trade environment complicated by growing compliance, technology and other evolving requirements. Consequently, many are wondering how to best balance their need to seek optimal solutions and to de-risk and reduce network size with their ongoing obligation to effectively facilitate trade transactions for their clients in the normal course of business. In this session, bank and FinTech experts will explore ways banks can manage compliance, technology, cost, and regulatory issues associated with trade (e.g., KYC, OFAC, IMB) and overview innovative solutions under review (e.g., blockchain/FinTech) as banks seek to digitize the overall trade value chain.
Business Intelligence That Gives You the Edge in an Evolving Market
The market in which banks operate is constantly changing: How will it respond to the Brexit vote or the US presidential election? Is the RMB internationalization on hold? Today’s changing political and economic landscape warrants timely and transparent market information – and SWIFT’s Business Intelligence (BI) portfolio is evolving to address these needs and further support the industry. Discover how we provide deeper and broader business and market insights via the newly enhanced Watch Banking Premium tool, providing even more data on payments, trade finance and foreign exchange flows, including daily updates and statistics. Testimonials from practitioners will reveal how Watch Banking Premium has supported strategic planning and competitive analysis, increased sales performance, and helped develop products to better cater for different market needs. Find out how BI Services can also provide additional business value beyond the data.
|13:00 - 13:30 (LUNCHTIME SESSION)||
Digitizing Your Organization, a Way to Incentivize Innovation?
With its open-source NEXEN platform, BNY Mellon has sought a complete makeover of its internal operating environments to accelerate software development and IT processes. Meet Mr. Saket Sharma over lunch and learn how NEXEN will change the industry in the way that Salesforce and Amazon changed theirs. This session will definitely give much food for thought.
|15:15 - 16:45||
Situational Awareness Maps
This highly interactive exercise will immerse you in the principles of situational awareness mapping, and will help you understand where the different methods like R&D, Agile, Scrum, Lean, and SixSigma each have their role to play. The issues of culture, organizational structure, strategic gameplay and learning are all quite complex, and without a situational awareness they become almost impossible to interpret — hence our tendency to simply copy others (unaware of what is context specific versus universal), and use magic sequences of success (i.e., top ten things successful organizations do). Mapping your environment requires two major actions: the position and movement. Take the example of chess game: the setup of the pieces on a chessboard is the position, then players alternately move one piece at a time, this is the movement. In order to determine your position you need an anchor. In the case of chess, the anchor is the board itself. In the case of a geographic map, it's the compass. For businesses, the anchor is represented by the user and their specific needs. Once you have defined your business map, it becomes trivial to identify duplication, bias, poor contract structure, misapplication of methods and poor structural design within a company. The map also helps identify opportunities for collaboration, communication, how to link operations with strategy, and get everyone focused on the users and on the part of the map that addresses their needs.
WEDNESDAY, SEPTEMBER 28, 2016
Towards a Single Platform for All Payments
Some markets are responding to the real-time payments trend by engaging with their stakeholders in strategic thinking to determine how best to move towards a single, multi-functional platform for all payments, not just domestic payments. What makes the business case to justify a major overhaul? What are the benefits, challenges and risks in creating a single, fast, hybrid infrastructure? And what role will new technology and new entrants play in this re-invention?
Lisa Lansdowne-Higgins, Vice President Card Operations, Royal Bank of Canada
DevOps – Continuous Delivery: Hype vs Reality
Although DevOps and Continuous Delivery are at the top of the hype cycle in the internet world of business unicorns and fast-growing startups, there remain important questions about its suitability in financial systems and environments with value at risk. In this session, our panel will debate how DevOps and Continuous Delivery tools and processes can be leveraged to support the high demand for product innovation and change while ensuring the security, reliability and integrity that online financial services require.
Bryan Glick, Editor in chief, Computer Weekly
THURSDAY, SEPTEMBER 29, 2016
Forward compatibility is a capability to plan ahead for gradual adoption by an ecosystem. This is about knowing HOW to get to the new/next destination:
No disruption will happen without a fundamental re-design – or better, a re-invention – of the current end-to-end business processes:
The Banker, Panel Discussion - European financial centres outside of the EU - What Can the UK Learn from Switzerland
A panel of experts will focus on combining their expertise to answer questions including: