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Spectrum Systems Represented at SIBOS 2010 Amsterdam

October 28, 2010

 

Spectrum Systems’ CEO Yuri Rabinovitch was among more than  eight thousand banking industry professionals in attendance at the 2010 Sibos conference in Amsterdam.  Mr. Rabinovitch’s attendance was an important and successful event for Spectrum.

Yuri was a member of a 3-person team that participated in the SWIFT-lead innovation exercise ‘Innotribe’ — a stream focused on innovation in technology and financial services. And for the 2nd year in a row Mr. Rabinovitch was in the winning team. He was recognized along with other team members, and congratulated by SWIFT CEO Lazaro Campos at the SIBOS plenary session.

The winning idea is called Moneyscope, which is about reusing (recycling) information from SWIFT messages. Instead of just sending and receiving SWIFT messages, they are collected and organisation can get gold out of the "recycled" SWIFT messages by tracking in real time all of the information that goes with that message. This provides a real-time analysis of the movements of money, based upon SWIFT messaging, and saves and makes you money by giving you that knowledge to action. Idea got very good reception from the VCs and buyers, as it’s a technology idea that is "relevant and executable", and "even if it delivered just 0.5% of its’ promise, it would be 25 million Euro saved per year".

Follow the link to see the initial presentation of idea by Yuri Rabinovitch.

Follow this link or this link to see the video of final MoneyScope presentation.

SWIFT CEO Lazaro Campos with the SIBOS 2010 Innotribe competition winning team

In September 2011, Sibos will be held in Toronto, with Spectrum Systems planning on attending.

 

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