#SIBOS insights: From the "Internet Finance market" to "Next gen correspondent banking"

Fintech is called “Internet Finance market” in China.

Collaboration and partnerships with incumbents is mainly a Western trend. Chinese banks remain unable to serve the underserved market in China.

In banking innovation, Fintechs out of Isreal and the US; Poland and Turkey, should be heavily watched.

Which banking institutions (not vendors) will be opting for the Celent Model Bank Award 2017 (deadline Nov 30, 2016)? See requirements here.
Last year’s awards were (source)

Model Bank of the Year
Eastern Bank
Digital Banking Transformation
Citizens Bank
Garanti Bank
Santander Bank
Beyond Bank
Standard Chartered Bank
Digital Payments & Cards
Bank of America Merrill Lynch
Corporate Payments & Infrastructure Modernization
Bank of China
CBW Bank
Cash Management & Trade Finance
HBL (Habib Bank)
Security, Fraud & Risk Management
Legacy Transformation
Umpqua Bank
Vietnam Bank for Social Policies

It is great to see many regional (non-universal) banks in these awards. CBW bank had a significant presence at SIBOS. Not only with an exhibitor stand, but with a session by the chairman Suresh Ramamurthi on next generation correspondent banking with open APIs, real time compliance, real time monitoring and access to a global network; and also participating at a panel session on
Learning from FinTech – Can we fail fast, and learn fast? With 8 couples
in which Suresh was coupled with Chazot, head of innovation at HSBC.

See also http://www.businesswire.com/news/home/20160629005785/en/Suresh-Ramamurthi-Honored-American-Banker-2016-“Digital