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Banks Progressing Towards Real-Time Payments and Automation at Sibos 2026
At the Sibos 2026 conference, Nick Smith from Smartstream highlighted the varying progress of banks in adopting real-time payments, intraday liquidity management, and post-trade automation. The differences in advancement are attributed to factors such as organizational culture, shifting priorities, data quality, and the challenges posed by legacy technology.
Smith emphasized that while some banks are rapidly moving towards these innovations, others are lagging behind due to their existing operational frameworks and technological constraints. This disparity reflects a broader trend in the financial industry as institutions reassess their strategies to meet evolving market demands.
The discussions at Sibos 2026 underscore the urgency for banks to adapt to a more dynamic financial landscape, where efficiency and speed are increasingly critical for competitiveness. As the industry moves beyond traditional settlement practices, the push for T+1 and beyond is becoming a focal point for financial institutions worldwide.
Source: KLEA News