|08:00 – 09:00||Registration and welcome coffee|
|09:00 – 09:15||
|09:15 – 09:45||
Opening keynote: The outlook for Portugal’s payments systems
An update on the Portuguese payment system landscape and opportunities and challenges for the near future.
|09:45 – 10:45||
Innovation in the payments market
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, examine what is happening in Portugal and what lessons can be learned from elsewhere that might apply to Portugal.
|10:45 – 11:15||Coffee break|
|11:15 – 12:30||
Fighting financial crime – what lies ahead?
The industry faces increasingly complex and rapidly changing regulatory requirements, along with increasing fines and risks of reputational damage when failures occur. Expectations are higher in terms of transparency, from knowing your customer’s customers to transaction data quality, and institutions are rationalising their correspondent networks. Financial institutions have to comply promptly and accurately with challenging regulatory requirements across multiple jurisdictions and are charged with detecting illicit activity wherever it occurs. But they also have to keep control of costs and deliver unparalleled customer service. How are Portugal’s financial institutions tackling the compliance challenge? Which areas pose the greatest challenges, and why?
|12:30 – 13:45||Networking lunch|
|13:45 – 14:30||
Transforming correspondent banking
The vision of SWIFT's global payments innovation initiative (gpii) is to enhance cross border transactions by leveraging SWIFT’s proven messaging platform and global reach. Together with the industry, SWIFT has created a new service level agreement (SLA) rulebook, providing an opportunity for smart collaboration between banks. In its first phase, the new service will focus on business-to-business payments. Designed to help corporates grow their international business, improve supplier relationships, and achieve greater treasury efficiencies; the initiative will enable corporates to receive an enhanced payments service directly from their banks, with the following key features:
This session will give you an overview of the initiative, as well as the benefits for participating banks and corporates.
|14:30 – 15:15||
Beyond T2S: 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. In this session we will look at what is happening in the European securities arena, how the current wave of change is likely to reshape the landscape in the years to come, and the impact this will have on the Portuguese market. What new market models are being developed? What’s the role of technology in these changes? And how is SWIFT adapting its service offering to cater for the evolving needs of its customers?
|15:15 – 15:45||Coffee break|
|15.45 – 16:45||
Disruptive forces and new technologies: harnessing change to shape the future of banking
Alternative players and new technologies are headline news. For example, blockchain, or distributed ledger technology, is the technology of the moment and the latest phase of Fin Tech disruption. It has the potential for many applications. 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 looks at blockchain innovation within the broader FinTech debate and discusses its implications with respect to financial institutions’ relationships with their customers over the next 5 to 10 years.