About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

This Year’s Sifma One of the Best

Subscribe to our newsletter

I realise that might be a contrarian view. Speaking to many at last week’s show – The Sifma Technology Management conference & Exhibit is its full name – the main topic of conversation was how small it was, how empty it was. One veteran reckoned it reminded him of when it was hosted at the Americana Hotel in the ’70s, before my time. But I still didn’t have time to get to see all the exhibitors that I wanted to, I reckoned the foot traffic was decent, and the overall quality – both exhibitors and delegates – was good. No complaints here, other than the resulting exhaustion from attending all three days.

True, if I were the organisers, I’d be feeling a bit depressed with the number of exhibitors down by 40% or more, and conference registrants down too, despite some significant discounting. The top floor of the show was abandoned, and much of the second floor space was empty or pressed into service as an alternative conference.

The loss of some brand names – Thomson Reuters, SunGard, Microsoft, HP – was also a blow to the reputation of the event. A real question is whether the downward hit was a sign of this year’s unprecedented times, or a trend. Both Thomson Reuters and SunGard ran single-day off-site events alongside the show, and they’ll no doubt be assessing whether doing that was better ROI compared to taking a big booth on the show floor.

For my part, I never made it to either of those events, whereas I would certainly have stopped by their booths at the show. And I have to say it was sad to walk in on Tuesday and not see George Levine in his traditional place – on the Quotron (err, Reuters, err Thomson Reuters) booth.

An unscientific poll of exhibitors conducted by myself and my A-Team colleagues resulted in some consistent feedback: that the quality of delegates was good and that, compared to previous years, more meaningful conversations were taking place, fuelling justifiable hope that firms are looking to spend again. Truth be told, delegate quality has always been an issue for the exhibitors, but this year it was much less so.

At the A-Team booth, we met with some good people and I suspect business will result. And that’s what the show should be about. One upward trend at the show was the number of companies offering co-location, proximity, connectivity and interconnection services. Stay tuned for a deeper dive on that. And see you at the show next year, June 22 to 24, 2010.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to run effective client onboarding and KYC processes

Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...

BLOG

RBS is in the Final Stages of Consolidating Legal Entity Database Across Wholesale Business, Says Davies

Royal Bank of Scotland (RBS) Group may have faced a substantial fine this month from the UK Financial Services Authority (FSA) with regards to failures related to its anti-money laundering (AML) checking process, but a lot of work has been going on in the background at the firm in order to get its customer database...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

FATCA – The Time to Act is Now

The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year. But with the exception of a few modifications, the legislation remains in place and starts to comes into force in earnest...