Back at Sibos this morning for Day 3, we had a very nice surprise. Following yesterday’s number of Sibos Issues where we had our advertorial promoting Allevo’s sessions, today we were all over the edition 🙂 The most important mention followed Allevo’s presence in the Hyper-Economies session within the Innotribe space. This session had also a great impact on participants as I saw a flow of tweets about it.
Another mention referred to our wine sessions, saying “Allevo proves without a shadow of a doubt Romanian wine rivals the best.”
Also, one of our CEO tweets ended up in the Found on Twitter #Sibos section of Sibos Issues.
After this, another busy day at Sibos, but I guess this is a pleonasm, as all the days at Sibos cannot be other than busy 🙂 Lots of meetings, interesting sessions, running demos, which lead to a lot of new connections, confidence, business opportunities and ideas. But this is what Sibos is about, isn’t it? This is what “being present” is all about.
The time seemed to fly (not only today) and it was in no second that was 5 o’clock in the afternoon, which means time for our already well known Romanian wine session.
Romanian wine session
I think we already set a tradition to change the 5 o’clock tea for a good Romanian wine. Well this year did not make any exception.
So, when the clock struck five, the wine started pouring in the glasses welcoming guests with its lovely aroma. Our little booth was filled with friends, partners and visitors enjoying the unique taste of our Special Reserve Feteasca Neagra as well as a more than welcomed moment of respiro and relaxation in the company of their peers.
Thank you to all who have come to Cin-Cin with Allevo.
At the end of our wine session, the wonderful hand-made Romanian wall carpets, real pieces of artisan art and the albums depicting our superb Danube Delta have found their lucky new owners.
The happy winners were are: Ferreol Thouzeau, PNB Paribas, Joachim Berg, EFiS, Mario Reichel, Payment Group and Nicolas Cabioch, Alti
By: Ioana Moldovan
There goes Day 2 of Sibos already. This was the busiest day for Allevo, as we hosted our own session “Agile Financial Inclusion” in Community Room 2 and we were part of the “Hyper-Economies” panel, an Innotribe session, represented by Corina Mihalache.
Agile Financial Inclusion Early in the morning, between 09:15 – 10:30, the Allevo session gathered an elite panel and an impressive number of participants to debate on these two concepts: agility and financial inclusion.
Radu Ghetea, President CEC Bank, Romania
Mircea Mihaescu (@MirceaMihaescu), Director Technology Research Center Sberbank, Russia
Nicolae Brova, Chief Information Officer Société Générale Private Banking, Japan
Arthur Pereira, CEO Descontel, Portugal
Ioana Guiman (@IoanaGuiman), Product Manager Allevo, Romania
Moderated by Ms. Rodica Tuchila (Director of the Romanian Banking Association), the session raised a lot of interesting topics: Does agility in transforming the business portfolio make sense for the highly regulated financial institutions? What could be the triggers to agilely adapt to the improvement demands of corporations and individuals? How can agility be stimulated by local or regional policies? In the context of the thoroughly regulated financial industry (global standards and global & regional regulations) are common instruments, such as payment instruments, a business differentiator? Is using open payment processing tools bound to improve the bank’s coverage of commercial distribution chain, reaching as far as the individual purchasing goods or receiving personal income?
Our own, Ioana Guiman, also raised the discussion about open source platforms in this context, talking about how Allevo is radically changing its business model to fit into this new scenery, how it goes from creating proprietary solutions to developing open & freely distributed solutions. How this is the only way forward, as an open application is agile, it increases speed of change, it brings cost reduction, it increases reliability & security and it makes a very credible escrow agent because it cuts the dependency on software vendors.
“Open business models are drastically different from their predecessors in the sense that it takes bravery to make this conduct change and start thinking about sharing instead of owning & controlling. We’re talking about a change of culture, a change in values. Bank employees need to start behaving differently, they need to engage with their peers and create a vivid collaborative environment where ideas are born, refined and brought to life. The change that needs to happen in financial institutions is that sharing needs to become part of the culture, part of the job”, Ioana said. “So, in my opinion, banks need to do two things: collaborate with their peers at back-office & operations level, and use new tools in order to create these channels on top of what already exists” she concluded.
Oh, she’s also looking forward to meet those of you who would like to get actively involved in open projects, specialists in financial services that want to be advocates of open technologies.
The Innotribe session was about the major cultural tectonic shifts that are underpinning and driving the hyper-connected economy and are the under-stream of deep organizational changes.
Mr. Michel Bauwens, Founder, P2P Foundation
Ms. Corina Mihalache, Director Business Analysis, Allevo
Mr. Mark Pesce, Founder, Future Street
Mr. Peter Vander Auwera, Innovation Leader, SWIFT
debated for two hours, between 12:30 and 14:30, on topics like the birth of new economies based on hyper-connected organizations, exposure of core competence through APIs, horizontal sourcing versus vertical integration, Peer-To-Peer (P2P) sharing of data, Open Source developments, and activated humans that act from their true selves and lead into a new practice for value creation.
Corina, our own igniter (Innotribe‘s name for “speakers”), talked about our project FinTP, but I guess you are already familiar with it. Just as a short reminder: the innovative idea to develop the first open source application for financial transactions processing and with a niche community around it, which we chose to name FINkers United.
She also presented in premiere a short movie from FINkers United, the launching event of FinTP.
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And not to forget, the Romanian community at Sibos has dinner together tonight. We’ll have a great time, even if we had to promise our CEO not to try the poisonous blow-fish delicacy.
Continuing its Sibos tradition, Allevo is organizing at our stand 3B11, the already well-known Romanian wine session and the lucky draw. Be there at 17:00 to delight your senses with the unique taste and flavor of a special Romanian wine and to be one of the lucky winners that gets a piece of traditional Romanian art, one of the beautiful hand-made wall carpets or one of the superb Danube Delta albums.
We are also waiting for you with presentations & demos ready to roll. Our latest pitches comprise solutions for banks, corporations, micro-finance institutions, public administrations and the open source community. With a focus this year on remittances, reconciliation and of course on our new open software distribution project FinTP, you don’t wanna be a stranger 🙂
For those of you who did not get their giveaway yet, now it’s a good chance.
By: Ioana Moldovan
Allevo helps pharmaceutical group A&D Pharma get full control over its business flows
Using Allevo’s solution qPI-TIPc and Microsoft BizTalk Server, A&D Pharma enjoys the advantages of a centralized management of financial operations.
Allevo, in a joint effort with A&D Pharma’s IT and business employees, as well as Microsoft BizTalk Server-Certified Professionals, has reached the final implementation stage of its qPayIntegrator-TIPc (qPI-TIPc) solution in the pharmaceutical company back in 2012.
The solution, designed to complement A&D Pharma’s ERP systems, provides them with a single interface for the payments management of all the group’s entities, monitoring and reporting, regardless of the bank they are using.
By providing centralized management of financial operations, Allevo’s qPI-TIPc solution enables A&D Pharma to mitigate operational risks due to duplicate payments detection, eradication of human errors or fraud in bank’s interfaces access. qPI-TIPc is able to process domestic and international payment instructions – from the initiation to the reconciliation with the bank statement, to generate relevant reports and statistics by having a single view of all payment instructions in one application window. Using Microsoft BizTalk Server, the platform benefits from the high performance, scalability and reliability this technology has to offer.
“Providing integrated payment solutions is essential in lowering risk and providing efficiency and reliability in the financial supply chain,” said Colin Kerr, industry solutions manager, worldwide financial services at Microsoft. “Corporate treasuries and banks around the world are benefiting from the performance and low cost of ownership of BizTalk Server for financial messaging. We are excited to support Allevo’s development of solutions that simplify payments management and operations.”
“By implementing and using qPI-TIPc solution, A&D Pharma will not only gain full control of its business flows and financial operations, but will also benefit from strong operational risk containment for its business lines”, says Dan Anghelescu, Operations Director Allevo.
Sibos Issues – Wednesday Edition (you can find us in SWIFT Innotribe Session on page 13, Corina Mihalache, Hyper-Economies and in ‘at the end of the day…’ on page 16, Afternoon delights, for the wine connoisseurs, on the excellent Romanian wine tasting…)
Oh my God, what an atmosphere. I think I forgot to mention that for me, unlike Allevo and my other colleagues, this is the first Sibos. So you can imagine the feeling I had, seeing so many people roaming around the halls of Intex Osaka, all looking exquisite. Of course, I have been to a lot of other conferences, even worldwide conventions, but I guess they just don’t compare to Sibos. I guess you could say that, during Sibos, Intex Osaka looked like an actual metropolis 🙂
No more and no less than 32 sessions available at Sibos today. Having to choose, I must admit that the Innovation Opening and the ones from Innotribe’s space are most appealing to me, as innovation is also the main theme of Allevo’s Sibos participation this year. And when I say this, I am referring of course to our FinTP project, our bold initiative to develop an open source application for financial transactions processing and to build a creative community around it.
Sounds interesting? You can visit our stand 3B11 in Hall 3 and our team will be more than happy to transform you into an advocate of open technologies and a supporter of FinTP. You can also hear more about it by participating at the Hyper-Economies session, tomorrow in the Innotribe space. You can read more on our site and you can even raise a discussion and share opinions on the FinTP Forum.
Coming back to the Innovation opening session – The tribe of the Tatami featuring Aiko Sato, judo world champion 2011 , probably the coolest session at Sibos, I have to say that, besides hearing about 4 principles of Innovation and seeing them exemplified in judo moves, I enjoyed listening to Kosta say that Innotribe is the sandbox of the industry. Also the concept of coconuts as a service was introduced :), speaking of innovation in India by Merico.
At the end of the day, I can say this was a lovely day. And it is not over yet, as we are preparing to go to the Sibos welcome reception. An occasion to say a friendly hello to the people we already know and to make new acquaintances. To get involved in various conversations and to share ideas and opinions on interesting topics.
Don’t miss Allevo’s session “Agile Financial Inclusion” in Community Room 2, between 09:15-10:30, to be part of a debate around the question If everyone’s already connected by the technology they own, then why not use it as a financial inclusion tool? and to discuss today’s hot topics: financial interoperability and open source.
Also, you can listen to Corina Mihalache talking about processing financial transactions in an open world, in the company of other distinguished panelists during the “Hyper-Economies” session, held in the Innotribe space, at 12:30-14:30.
Last but not least, don’t forget to stop by our booth 3B11, meet the team and get your special gift.
By: Ioana Moldovan
After a lovely walk around Kita and a delicious dinner in the “nation’s kitchen”, as Osaka used to be referred to in the feudal period, today we are up and ready to make Allevo’s stand at Sibos among the most welcoming for our guests.
How to recognize our stand? Here’s a preview of what you are looking for. You can’t miss it 🙂
And to make it even easier for you to get there:
After a few hours work and some fun with the team, we are ready for you. The booth is set up, the giveaways neatly arranged awaiting their future owners, Allevoers eager to show visitors our solutions and to talk to you about our new project FinTP which gravitates around the idea to develop the first open source application for financial transactions processing and to build a creative, niche community around it, which we chose to name FINkers United.
Just a few more hours until Sibos official start. See you tomorrow 🙂
For those who could not make it to Osaka, you can check Allevo on Virtual Sibos, the cool platform designed specifically for those interested to keep an eye on Sibos over the internet. It is open to all Sibos attendees, both virtual and physical participants and it provides a showcase of all the conference sessions, speakers, forums, as well as all the exhibitors and their collaterals. So visit Allevo on the virtual Exhibition Hall.
Visit Allevo virtual stand to learn more on the company itself & its portfolio, on the FinTP project (the comprehensive vision & scope of the project is available for download) and to browse the PRs collection.
You can also stay tuned to the updates on Allevo’s blog or follow our stream on Twitter.
By: Ioana Moldovan
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