Our team had a very successful week in London where we attended Sibos 2019. It was great seeing all our global clients, prospects, and partners again and engaging with all the industry leaders present at the event!
A few thoughts from experts at Sibos that really resonated with our team:
- Payments enter second life; the ongoing evolution of payments offer new business models, such as PaaS solutions for banks. “This will be the new gold mine for banks” – Benoit Legrand, Chief Innovation Officer at ING Bank.
- “eCommerce payment revenues is by far the fastest-growing segment in online payments with a CAGR of >15% in the coming 5 years. Payments revenue will continue to grow to around 40% of total banking revenues soon, but banks need to partner with PaaS providers to accelerate innovation and gain access to cutting-edge payments capabilities.” – Philip Bruno, Co-lead Global Payments Practice at McKinsey, presented McKinsey Global Payments Report 2019 at Sibos.
- “FinTech players shouldn’t aim to replace the banks IT systems, but rather build on top of the legacy infrastructure.” – Manish Kohli, Global Head of Payments and Receivables at Citi.
If you would like to learn more about how our PaaS platform can help you enjoy the boom in eCommerce transactions or want a demo of one our solutions, please reach out.
See you next year Sibos!