“Banks are developing their technology further and faster than before. Banks helping their customers with data is not new.
“What has changed is the exponential increase in computing power and the huge advances in AI and machine learning.”
Dave McKay, President and CEO of RBC opens Sibos.
Meantime, Swift (organisers of Sibos) upstart rival Ripple is hosting its own conference in Toronto. Two major events, both in Toronto, held at exactly the same time.
Not exactly subtle-and not exactly a coincidence.
Former Fed Resere head Ben Bernanke addressed the Ripple event, dubbed Swell.
By all acccounts Bernanke, now an academic at the Brookings Institute, was very upbeat about Ripple and blockchain.
Now there is a surprise; Ripple would hardly have invited him to speak were it to be otherwise.