25 May 2016
Milan

SWIFT Business Forum Milan 2016

Agenda

Wednesday, 25 May 2016

8:45 – 9:30

Registration, welcome coffee

9:30 – 9:50

Welcome address

 

  • Erika Toso, Head of Italy and South East Europe, SWIFT
  • Claudio Camozzo, Global co-head of GTB, UniCredit and SWIFT Board Member

9:50 – 10:30

Opening speech


It is clear that in the coming years banks in Europe, and even more so in Italy, will have to face a very difficult environment: a financial landscape with low growth rates, negative interest rates, increasing non-performing loans, new accounting and supervisory rules and the potential for customer trust issues linked to the new bail-in regulations. How should banks adapt to this new environment? Is it possible to move away from a damage limitation approach and get back to thinking about how to maximise profits?

 

  • Adrea Resti, Professor of Financial Intermediary Management, Bocconi University and Consultant of the European Parliament for Banking Supervision

10:30 – 11:00

Keynote speech: Blockchain - beyond the hype

 

Blockchain is the technology of the moment in the latest phase of FinTech disruption, and it has the potential for many applications: permissioned or not, transparent or not, append-only or not, fueled by cryptocurrencies or not, with or without proof-of-work, to name but a few. Different blockchain features may be required for different applications, and these combinations have implications in terms of cost, business model applications and profitability. This session recasts blockchain innovation within the broader FinTech debate and discusses its implications both for financial institutions’ relationships with their customers and the challenge of developing and adopting agreed industry wide business process standards over the next 5 to 10 years.

 

  • Alistair Milne, Professor of Financial Economics and Loughborough University, UK and co-author of the recently published "SWIFT Institute Working Paper on blockchain and securities settlement"
11:00 – 11:30

Coffee break

11:30 – 12:45

Innovation in the banking sector

 

A wave of money is flowing into financial technology and disruptive FinTech companies are trying to eat into banks’ business, with many of them moving up the value chain from low value person-to-person transactions to offer an alternative model to traditional correspondent banking. However, banks are fighting back. They are investigating how disruptive technologies can support their businesses and are working together in unprecedented ways to improve the experience and reduce costs for the end customers. The shift towards real time payments is also global phenomenon, changing the shape of payments systems around the world.  This introductory presentation, and the panel discussion that follows it, will look at the challenges to the established payments service models and ask if the industry really is on the verge of a major step change – or if banks can effectively defend their territory. We will also take stock of progress in real-time payments, look at the different payment system models under development, and examine what lessons can be learned from elsewhere that might apply to Italy.

 

Introduction:

  • Thierry Chilosi, Head of Markets & Initiatives, EMEA, SWIFT

Panel discussion:

 

  • Ferdinando Ametrano, Head of Blockchain and Virtual Currencies project,  Intesa Sanpaolo
  • Pierfranco Cei, Head of EMEA Treasury IT, FCA
  • Roberto Ferrari, General Manager, CheBanca!
  • Daniele Savare’, Head of product line Cash Management, UBIS
  • Thierry Chilosi, Head of Markets & Initiatives, SWIFT (moderator)

12:45 – 14:00

Lunch

14:00 – 16:00

Parallel streams

 

Compliance stream
Financial crime compliance – what lies ahead?
As the challenge of complying with new regulations continues to grow, banks are having to invest more and more in their financial crime compliance processes and infrastructure, all whilst coping with rising cost pressures. Are there more creative ways to tackle compliance? Can innovation and compliance go hand in hand? Are community solutions the answer to the compliance challenge and what are the benefits of these?  Also, what role can standardisation play in driving efficiency, and in helping the financial industry deal with the challenges that lie ahead?

 

Introduction: “To further enhance the analysis of correspondent banks and their customers’ behaviours.” This is the stated objective of a study that UniCredit has just completed and the results of which will be made available before the end of 2016 to its Compliance function for AML and anti-terrorist financing purposes. Transactions amongst clients of third- party banks, intermediated by other banks are the most difficult to analyse and require the development of complex process flows and technologies but this is necessary to handle international payments traffic properly.

 

  • Luca Giovanni Piccione, AML Correspondent Banking and KYC Registry Project Manager, UniCredit

Panel:

  • Alberto Armani, Head of AML & Claims, UBI Banca
  • Mirko Carlone, Head of Compliance AML and Financial Security, Banco Popolare
  • Luca Giovanni Piccione, AML Correspondent Banking and KYC Registry Project Manager, UniCredit
  • Speaker from Smartstream
  • Erika Toso, Head of Italy and South East Europe, SWIFT (moderator)

 

Securities stream
Evolution or Revolution in the Securities Industry?
Last year saw the launch of T2S, which, once fully operational, will see CSDs across 21 countries and a number of major banks use a single European system for securities settlement. With further regulation due for implementation over the coming years and the ongoing deployment of T2S, (I)CSDs, CCPs, agents and custodians continue to re-define their service offering anticipating the future needs of the market. The securities industry is looking at distributed ledger technology as a possible disruptive factor in the medium term. In this session we will look at what is happening in the European securities arena and how the current wave of change is likely to reshape the landscape in the years to come. What new market models are being developed? What’s the role of technology in these changes?  Will there be competitive new entrants like in other financial industry? What will be the face of the service providers? How far will they need to evolve to survive or expand in Europe and in Italy?

 

Introduction:

 

  • Michalis Sotiropoulos, Head of Brussels office, Director for Government Relations Europe, DTCC

Panel:

 

  • Diane Nolan, Managing Director, Capital Markets Management Consulting Lead, Accenture
  • Hugh Palmer, Senior Product Manager, T2S Solutions, Société Générale Securities Services
  • Michalis Sotiropoulos, Head of Brussels office, Director for Government Relations Europe, DTCC
  • Alexandre de Schaetzen, Director, T2S Product Management, Euroclear
  • Charles-Raymond Boniver, Senior Manager, Global Messaging Shared Services, RBC Investor & Treasury Services
  • Isabelle Olivier, Head of Securities Initiatives & Payment MIs EMEA, SWIFT (moderator)


Corporates stream
Managing change in the corporate to bank segment
In this session we will discuss and identify the key innovations that will shape the future of corporate treasury and trade. We will explore how new technologies are making their mark, and discuss what are the new opportunities and services that banks are focused on rolling out to their clients. How are we making sure that the needs of both banks and corporates are being fully addressed?

 

Introduction:

 

  • Raphael Bar Isaac, Global Head Trade Finance Products GTB, UniCredit

Panel:

  • Pierfranco Cei, Head of EMEA Treasury IT, FCA
  • Antonio Gallo, Head of  Strategic Marketing and Corporate Products, BPM
  • Gianandrea Bertello, Head of Marketing and Product Development,  Corporate Division, BNL
  • Nicola Marcheselli, Head of the Group Cash and Treasury Management, Barilla
  • Angela Marconato, Director, PWC  (moderator)

16:00 – 16:30

Coffee Break

16:30 – 17:00

Cybersecurity and innovation: impossible challenge?

 

The cyberspace touches nearly every part of our daily lives. It is a delicate and complex environment that requires significant effort in order for it to be adequately protected from multifaceted threats, vulnerabilities, natural disasters and ever increasing risks (eg. human factors, social engineering, sabotage, terrorism, cyber criminals).


Malicious persons and security researchers show great interest in the (lack of) security of financial and control systems.


Various governments are adopting national cyber security strategies to ensure secure operation of communications networks for their countries, business and citizens. The EU has also started to put together a comprehensive approach to cyber security. As stated in the US’  cybersecurity strategy, said strategies should address two main aspects: (1) improve resilience to cyber incidents and (2) reduce the cyber threat.


Improving our cyber resilience includes: improving our hardware to make it resistant to penetration and disruption; improving our ability to defend against sophisticated and agile cyber threats; and recovering quickly from cyber incidents—whether caused by malicious activity, by accident, or by natural disaster.

 

  • Giuseppe Vaciago, Founder of Tech and Law Center and Professor of Legal Informatics at Insubria University
17:00 – 17:15

Closing remarks

17:15

Cocktail reception

Italian version

Costruiamo il futuro: Innovazione, trasformazione e la banca di domani

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Last update: 
6 May 2016

Costruiamo il futuro: Innovazione, trasformazione e la banca di domani

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