IBS Journal August 2016


39


services and processes as a result of this disruption.


BofAML colleague, Jennifer Boussuge, Head of GTS EMEA, will also be speaking at Sibos as part of a gender diversity session on Tuesday 27th September, entitled ‘Diversity and inclusion – The leaders’ perspective’. “We’ll cover why men are central to the discussion; what our firms are doing to create a diverse and inclusive culture; the challenges we face; and the benefits we reap of having diverse teams,” she says. A recent study by Deloitte saw 86% of executives cite corporate culture as an important issue, yet there remains a lack of understanding that a healthy culture – one that is both diverse and inclusive, which is especially important for Millennials and in attracting younger talent – is crucial for business success. For instance, a McKinsey report shows that gender-diverse companies are 15% more likely to financially outperform firms that aren’t diverse. It is clear that the path to parity faces many obstacles, but we must address them head on if we are to make a difference. We recognise that to be a leader, we need a culture that supports everyone so we foster a workplace where employees are empowered to bring their authentic selves to work, creating value for our clients in doing so.”


Temenos, Stand G66 Ben Robinson, Chief Strategy Officer


It is clear that financial institutions now see FinTech as an opportunity and Sibos will champion this. FIs are realising they need agile platforms to support partnerships and to benefit from new technologies like blockchain. Last year, Temenos launched the first Swiss FinTech incubator with Polytech Ventures, as part of our endeavour to support startups. We also continually run innovation jams with FinTechs and have a number of exciting blockchain initiatives, including proof of concepts.


During Sibos we will participate in many activities including a blockchain panel on Tuesday 27th September between 8-9:00am (over breakfast) at The Intercontinental Hotel, in Geneva, entitled ‘Theory to fact: Applying the Uber principal to blockchain to strengthen the banking industry’. We’ll also discuss our Global Corporate Treasurers Survey with Ovum partner, Kieran Hines, and our payments product director, Darryl Proctor, during an Open Theatre1


session on Monday 26 September at 12:15-12:45pm.


Broadridge Financial Solutions, Stand G78 Chris John, President of Revenue & Expense Management


With 18 months before the EU’s Markets in Financial Instruments Directive (MiFID) II regulation comes into effect, asset managers have to begin assessing their ability to value research and to pay for it. I expect it to be discussed at Sibos. In order to make a sound decision between the Research Payment Account (RPA) model and paying for research from their own resources, the buy- side will need insight into the fee structures proposed by dealers for research; their own assessment of its value; and the effect that the two models might have upon cashflow. Understanding revenue and expense in this context has never been so important.


Broadridge colleague, Vijay Mayadas, SVP, Global Head of Strategy, will also be at Sibos and expects blockchain to be a hot topic. We view it as something that, like the internet in the early 90s, has the potential to fundamentally transform our inherently complex financial system. However, while blockchain can certainly transform discreet markets such as Australian cash equities and markets in assets classes with low trading volume and complex workflows, for it to meaningfully change high volume, liquid and complex markets such as US cash securities sector, all firms would have to invest heavily and commit to adopting a new approach in lock step. In addition, blockchain technology would have to demonstrate its ability to scale to support high transaction throughputs. Such a seismic shift would require true industry leadership, significant investment and years of planning. In the meantime, Broadridge, by investing in FinTech innovation and in close collaboration with our clients, will create next- generation solutions using transformative technology to improve efficiency, benefitting us all.


Sapiet Gloal Markets Director, Leda Glyptis, Innotribe moderator


I’ll be moderating some sessions at Sibos’ Innotribe FinTech stream on Thursday on the exhibition floor, which provides a forum for startups, technology


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