To most people the idea of infrastructure investment denotes visions of water systems, highways and bridges, and basic general services usually relegated to municipal authorities. Recently, however, at the Canadian Council for Public Private Partnerships Conference in Toronto, a new model for infrastructure was discussed – that of the “intelligent city.”
Newsmakers | United States
HP CEO Meg Whitman’s volte-face announcement to split the company in two has drawn a lot of speculation about, and criticism of, the motives behind the decision.
GCC REGIONAL SUPERSECTION 2014 | INNOVATION
Attempts to drive innovation in the Gulf are still at an early stage. But as countries increase R&D spending, the results could have a huge impact on non-oil growth.
SIBOS SUPERSECTION 2014 | THE INNOVATORS
Global Finance presents its second annual look at some of the key innovations over the past year within the transaction services space. We make use of the OECD’s Oslo Manual of Innovation, along with submissions, key research and the input of experts, to evaluate those banks and service providers that stand out in terms of innovation over the past year.
SIBOS SUPERSECTION 2014 | INTRODUCTION
The Sibos financial services conference—sponsored each year by the Society for Worldwide Interbank Financial Telecommunication (SWIFT)—will be held in Boston this year in September and, according to organizers, is likely to have a record turnout of attendees and media.
COVER STORY: CRYPTOCURRENCIES
Still in their infancy, cryptocurrencies could change the way that companies manage payments for the goods and services that are the essence of global trade. As the bitcoin surge picks up momentum, corporate financial executives are wondering what it means for their business and how they can manage the risk of adopting—or not adopting—digital currencies.
TECHNOLOGY | CORPORATE CONNECTIVITY
Corporates and their banking partners still often speak different digital languages, but new initiatives by SWIFT and SAP should make connectivity easier. And increasing competition will be a good thing for corporates, sparking innovation and driving down costs.
Indeed, there are those who think that the IP wars will continue to have no clear resolution or winners. The only real beneficiaries: lawyers. But commentators such as Bruce Berman argue that unless and until we can quickly sort out the real issues in the IP imbroglio, almost everyone –even the patent trolls – will lose out.
Corporate banking has always lagged the retail sector when it comes to the adoption of digital technologies, but mobile-banking services are gathering pace—and some visionaries are even contemplating banking services based on wearable technologies.