Innovation: Does It Still Exist in Financial Services?

Featuring: Andy Schmidt, Research Director, Global Payments

Moderator: Ralph Silva, Research Director, European Banking & Payments

The Sibos 2009 annual conference was held in Hong Kong earlier this month to discuss the issues affecting the wholesale and transaction banking community and this year TowerGroup played a major role. With close to 7,000 attendees, the event was not likely going to result in consensus, but in this period of turmoil there was much common ground to build on. TowerGroup was invited to moderate several key debates as well as produce the closing summary, which necessitated our participation in all the key debates at the event. TowerGroup has produced a series of five podcasts covering the principle debates of the event.

In this third podcast, we talk to Andy Schmidt about his key findings throughout the conference. Andy Schmidt is a Research Director in TowerGroup’s Global Payments service and attended most of the big issue debates as well as a series of vendor meetings throughout the conference. Andy discusses his impression gained at Sibos of the overall market, prospects for vendors, and the future of innovation for the industry.