I must admit that I have been saving up a bit of enthusiasm for this post! Mostly I wanted to have two similar yet different conference experiences behind me. It was my good fortune to attend both the recent 2011 BAI Retail Delivery Show in Chicago and also the 2011 CIFTEE Exhibition in Beijing.
The BAI event is what one who attends North American and/or European industry specific trade shows would expect. A mediocre to good presentation agenda (Bill Clinton was unifying as an opening keynote speaker) and disparate exhibitors. Each of the latter vying for the attention of information gatherers – those appointed by various individuals/groups with an interest – who visit pre-determined (in most cases) exhibits to collect data, which will or won't be disseminated to another at a later time.
If you are an exhibitor, you have little if any likelihood of being able to follow-up with the correct people after the point-of-contact. BAI organizers worked some out-of-the-box thinking and engineered a very good event with multiple valuable daily presentations and some new ideas on the exhibit floor that seemed to stimulate the flow of visitors. One noticeable trend at this year's event was a large percentage of community bank and credit union attendees.
CIFTEE on the other hand (and half way around the world) is a very different event. In keeping with the Asian preference for "bigger-is-better" and "openness," CIFTEE is truly an exhibition as opposed to a show. Simply put, CIFTEE is massive – upwards of 40,000 square meters (100,000+ square feet), with 60 percent of the booths taking up more than 10 square meters (100 square feet) and many over four to five times that size – many of those with two floors!
Equally represented in density by bank vendors, were the banks themselves. With CIFTEE being based in Beijing, China, you would expect a spectacle following the recent spectacle of the Olympics. The exhibition is not only open exclusively (at specified times) to industry attendees (no attendance fee), but to politicians and industry leaders under high security on the second day, but to the general public as well (also for free).
It seems the industry is vibrant enough to be a symbol of domestic and international achievement and so many locals and tourists want to see what it is all about. This is the reason you see almost all of China's banks represented, selling everything from savings accounts and investment strategies, to marketing cards. The debit and credit card businesses are growing, although debit cards are still a relatively new thing (there are only 300,000+ ATMs in China – projected to be 1,000,000 within a few years).
Of significant note is the claim that credit card issuer China Union Pay now has more cards issued that either Visa or MasterCard combined! What you won't find at CIFTEE (at least not that I noticed in connection to the exhibition) are speeches and industry presentations. Perhaps they were happening concurrently in other locations. From my perception, there was no visual material promoting any session, but then again, 99 percent of the marketing signage and take-away materials were in Mandarin, of which I speak two words and read none.
Having attended one major event this year in each region, there is a natural inclination to compare them. Banking related conferences, shows and seminars, in general, in North America and to a lesser extent in Europe are predictable because of their longevity and large competitive environment.
In the East however, they are as fresh, valuable and as attractive as the new fair in town. That is because they, like the industry they support, are a proud example of success in the drive to build both domestic and international economic growth. In hindsight, my scores are:
557
http://global.networldalliance.com/new/images/slideshows/show557_thumb8481.jpg
With self-service ATMs, Wells Fargo thinks big, but builds small
With self-service ATMs, Wells Fargo thinks big, but builds small
541
http://global.networldalliance.com/new/images/slideshows/show541_thumb8197.jpg
ATMIA names 2012 Global Industry Award winners
ATMIA names 2012 Global Industry Award winners
540
http://global.networldalliance.com/new/images/slideshows/show540_thumb8173.jpg
Beauty lies in the eyes of the ATM cardholder
Beauty lies in the eyes of the ATM cardholder
528
http://global.networldalliance.com/new/images/slideshows/show528_thumb7967.jpg
Showcase: ATMs for every application
Showcase: ATMs for every application
524
http://global.networldalliance.com/new/images/slideshows/show524_thumb7905.jpg
Gallery: A new branch model built around self-service banking solutions
Gallery: A new branch model built around self-service banking …
502
http://global.networldalliance.com/new/images/slideshows/show502_thumb7503.jpg
2012 Wincor World
2012 Wincor World
487
http://global.networldalliance.com/new/images/slideshows/show487_thumb7201.jpg
Mobile: breaking down banking channel boundaries
Mobile: breaking down banking channel boundaries
471
http://global.networldalliance.com/new/images/slideshows/show471_thumb6945.jpg
ATM gives 'beer money' new meaning
ATM gives 'beer money' new meaning
463
http://global.networldalliance.com/new/images/slideshows/show463_thumb6827.jpg
KAL cashless Retail Transaction Machine launch
KAL cashless Retail Transaction Machine launch
417
http://global.networldalliance.com/new/images/slideshows/show417_thumb5898.jpg
TD Bank goes net zero energy
TD Bank goes net zero energy
Tomorrow Technology Today
http://global.networldalliance.com/new/images/products/Phoenix_DW.jpg
1031/Tomorrow-Technology-Today
Customer Intelligence
http://global.networldalliance.com/new/images/products/Phoenix_C.jpg
808/Customer-Intelligence
limejelly
http://global.networldalliance.com/new/images/products/4677.png
4677/limejelly
VOLTDS® Network Control and Message Delivery System
http://global.networldalliance.com/new/images/products/4260.png
4260/VOLTDS-Network-Control-and-Message-Delivery-System
About Custom Group
http://global.networldalliance.com/new/images/products/Custom_Logo_100.gif
1235/About-Custom-Group
NCR APTRA Cash Management
http://global.networldalliance.com/new/images/products/5765.png
5765/NCR-APTRA-Cash-Management
Dedicated Account Management
http://global.networldalliance.com/new/images/products/5129.png
5129/Dedicated-Account-Management
ATM, EFT and POS Simulation and Testing Software - FASTest™
http://global.networldalliance.com/new/images/products/Fastest_100.gif
864/ATM-EFT-and-POS-Simulation-and-Testing-Software-FASTest
ATM End of life Recycle and Disposal – Safe and Green
http://global.networldalliance.com/new/images/products/4407.png
4407/ATM-End-of-life-Recycle-and-Disposal-Safe-and-Green
ATM Parts
http://global.networldalliance.com/new/images/products/424.png
424/ATM-Parts
|
Inside Networld Media Group Network Self Service World
|
Popular on Networld Media Group | Other Networld Media Group Sites | Global Partners |
User Comments