Sibos 2023
September 18 > 21
Watch sessions on demand
Monday 18 September
To kickstart the Standards Forum at Sibos, we’ll be surveying the standards landscape and asking: How far have we come, what more needs to be done, and where are the opportunities for increased collaboration and harmonisation to improve services, reduce risk, and enhance customer experiences?
From payments to securities, ISO 20022 to APIs and enabling innovation, join us for an overview of what to expect this week and how you can get involved in the debate!
Join us as we take you along the Swift journey, showcasing use cases of how we work with you, our members, across different industries including payments, trade and securities. We’ll show you how all these pieces fit together into one holistic view, enabling you to make the most of your relationship with Swift, both now and in the future.
Start your Swift at Sibos experience here and get a taste of the themes you won’t want to miss this week.
Six months on from the start of migration to ISO 20022 for cross-border payments and reporting in March 2023, we take stock and share key insights about how adoption is progressing.
Join this session to hear views from Swift Board members on the benefits of adopting ISO 20022 for cross-border payments and what still needs to be done for the industry to take full advantage of richer, structured data.
The cross-border payment ISO 20022 revolution is well underway, with over 30% of transactions already sent with rich, structured data. At the same time, the paradigm shift from point-to-point messaging to end-to-end transaction management is gaining momentum. Together these are already bringing the Swift community closer to the vision of instant and frictionless transactions, account to account, anywhere in the world. But how do we keep this momentum and make sure we’re developing for the cross-border payments experience of the future?
Join us in this session to learn more about what’s coming next, and how the community can continue to leverage the foundations laid by Swift’s enhanced platform.
Join us for a look at the new frontier of cloud migration in finance and the advantages of Swift Cloud for your connectivity. We’ll discuss the demand for cloud solutions and their benefits, from cost efficiency to increased resilience.
Hear first-hand experiences and discover the exciting capabilities of our offerings, as well as an introduction to Alliance Cloud and Business Connect. Come and experience the future of financial agility in this Swift Cloud showcase.
Whether sending money to friends and family abroad, or sourcing supplies overseas, consumers and small business are increasingly moving money across borders. And banks and other providers have a major role to play in making this experience simple and seamless. In this session, we’ll look at how correspondent banking is evolving to meet the needs of those sending low-value international payments with services like Swift Go. We’ll also explore what alternative models bring to the table, from those based on DLT to those related to interlinking instant payment systems.
What can we learn from these different approaches? Where are the opportunities for further innovation? And how can the industry continue to collaborate to best serve customer needs? Join us to find out what’s next for low-value cross-border payments!
We passed a major milestone on the road to full ISO 20022 adoption in March with the start of coexistence. But this is just the start. In this session, we'll put a pin on where we are in the migration journey, show where we’re headed next, and look at how we’ll get there as an industry.
We'll also show how Transaction Manager is not only supporting this transition period but also helping early adopters unlock the advantages of ISO 20022 faster. Join us as we throw open the map towards 2025 and show you how best to navigate it.
What can we expect from the introduction of ISO 20022 exception and investigation messages next year? This session will help you understand how the upcoming standards and Swift’s transaction management capabilities will transform the way exceptions are handled for the entire Swift community.
Join us to learn more about the significant benefits these changes bring and how you can get ready.
Customer experience is a pivotal aspect in achieving an organisation’s success. And at Swift, our aim is to help you continually enhance the experience you provide to your customers. In this session, join us for a look at our latest initiatives designed to further fast-track your business success across the end-to-end customer journey, including identifying and addressing sources of friction, and providing ever-more seamless interactions.
Let our experts highlight the path to building business value through enhanced customer experience leveraging your Swift services.
Should the securities market join its payments counterparts on the journey towards ISO 20022 and set a date for an industry-wide migration? That is the question.
In this session, we’ll take stock of the current and future uses of ISO 20022 in the securities post-trade sector and share insights and results from the recent joint survey by the International Securities Services Association (ISSA) and the European Central Securities Depository Association (ECSDA).
Friction in cross-border payments is a key challenge in an ever-changing world where users demand their payments to be fast, seamless, predictable, and transparent. Errors in data and loss of information can lead to costly delays and a poor end-user experience.
In this session, join us to find out more about where friction arises and what tools are available to help the industry address this challenge.
In this demo, find out how the enhanced Swift Case Management functionality will help you address frictions in the sanctions Request for Information (RFI) process.
Together with GSS, who are implementing an industry-driven, centralised sanctions screening initiative, we’ll demonstrate a number of sanctions RFI scenarios. We’ll show you how these solutions can integrate to help you manage exceptions and related data queries quicker and more efficiently.
We all know ISO 20022 is the messaging standard of choice for payment market infrastructures worldwide. Is it time for securities market infrastructures to agree on a common way forward for applying the new standard now too? The European Central Securities Depository Association (ECSDA) thinks so and has recently recommended that CSDs set a timeline for the transition to ISO 20022.
In this session, we’ll unpack the business case for securities market infrastructures globally to make the switch, explore which business areas could transition first, understand the downstream impacts, and discuss the benefits and potential blockers along the way.
Tuesday 19 September
Join us as we take you along the Swift journey, showcasing use cases of how we work with you, our members, across different industries including payments, trade and securities. We’ll show you how all these pieces fit together into one holistic view, enabling you to make the most of your relationship with Swift, both now and in the future.
Start your Swift at Sibos experience here and get a taste of the themes you won’t want to miss this week.
In many markets around the world, T+1 securities settlement is coming your way – or could be soon. Shorter settlement cycles can bring myriad benefits, but getting ready comes with challenges. Join us for this dynamic session where your vote sets the agenda. We've prepped a list of industry challenges recently laid out by the ISSA Working Group.
Based on the audience’s vote, our panel will look at the most pressing issues, brainstorm solutions, and discuss the potential role of standards. Get ready for an interactive experience where your opinion shapes the narrative on one of the securities industry's hottest topics.
Say goodbye to unnecessary payment errors with Swift’s Payment Pre-validation. The service lets you check account details before a payment is sent, bringing more certainty that it will reach its end destination quickly and smoothly. Join our experts to hear about the benefits Payment Pre-validation can bring you, from increased speed and automation, to enhanced customer experience.
This session is designed to give you the insights you need to plan your implementation and start pre-validating your customers’ payments.
For Central Bank Digital Currencies and tokenised assets to scale, they’ll need to integrate seamlessly within the existing financial ecosystem. Achieving interoperability between different blockchain platforms is vital in this, but how can it be achieved?
In this session, we'll discuss the standards needed to enable interoperability between traditional systems and DLT platforms, how standardisation should evolve to support this, and ISO 20022's role in providing standardised formats for digital assets. Join us for a glimpse into the future of digital assets and the next frontier of finance.
The low-value cross-border payments market is growing exponentially. And what matters most to customers is security, low cost, speed, and simplicity. Together, Swift, clearing banks, and local market networks are providing low-value cross-border payment standards to achieve end-to-end transparency and simpler, faster payments.
In this panel, learn from banks, local market infrastructures, and payment experts how disbursing low-value payments via domestic networks supporting cross-border payment standards helps you deliver the experience end-customers expect and meet financial crime compliance obligations.
Questions about central bank digital currencies (CBDCs) are becoming less about “if” and more about “when”. And as central banks around the world continue to explore the use of CBDCs domestically, the question remains how they can be used internationally as well.
In this session, we’ll look at the state of CBDCs today and the work ongoing to enable interoperability at the cross-border level. Plus, a year on from our ground-breaking trials unveiled at Sibos in Amsterdam, we’ll share the latest results of Swift’s CBDC interlinking solution, which is currently being tested by some central banks and their participants.
Join us for an inside look at one of the most exciting evolutions in global payments.
ISSA is the leading global securities services industry association whose goals are to connect securities services leaders, facilitate industry collaboration and effect change that positively impacts the global securities value chain.
Join Vicky Kyproglou, ISSA Chair, Margaret Harwood-Jones, ISSA Vice Chair and Karen Zeeb, ISSA Corporate Secretary and COO in a conversation on how ISSA is effecting this change through driving standardization in the Securities Services industry.
Wouldn’t it be great if you could better use your company’s closely guarded data while maintaining the highest standards of customer privacy and security?
In this session, we’ll introduce revolutionary techniques for generating synthetic data that emulates real-world cross-border payments, without privacy compromises. You’ll come away understanding the ins and outs of creating and validating synthetic payment data, from best practices and potential pitfalls, to its application in machine learning, data sharing, benchmarking, and testing.
Come along to experience first-hand how the securities industry is leveraging the Unique Transaction Identifier (UTI) to enhance transparency and provide end-to-end transparency across the securities settlement chain.
In this informative session, you’ll hear from firms that are using the UTI today about the efficiency and risk management benefits they’re seeing. Discover how you can tap into the potential of this global initiative.
APIs have huge potential and are being widely used. So why the lack of standardisation in this space? Far from being an innovation killer, in this session we’ll show you how standards can actually help accelerate API adoption and increase their interoperability.
We’ll also explain the link between ISO 20022 and APIs, and weigh whether APIs are the way forward for the industry or if traditional messaging formats will continue to dominate. Whatever side you’re on, join us to be part of this essential conversation.
"Alone we can do so little, together we can do so much,” are the famous words by Helen Keller. This applies to so many areas of our lives, including fighting financial crime.
Today, however, financial institutions mainly look at the problem through the single lens of the data and analytics available within their organisation. This is insufficient and requires a change if the industry is to stand up to the criminals and deliver better outcomes. We all need to work together to build processes, share data and collectively fight against the rise of financial crime.
In this panel, we’ll focus on opportunities for industry collaboration and see what it takes to move the needle.
With over 300 live institutions, Swift Go is becoming the new standard for low-value international payments. The service enables your consumer and SME customers to send quick and easy cross-border payments straight from their bank account.
Come along to hear your peers share insights about their Swift Go journey: from building a business case, to processing their first live payments, opening additional corridors, and how they’ve enhanced their customers’ experience.
ISO 20022 is a major enabler for financial innovation, and in this session, we’ll show you how. We’ll examine how richer data is fuelling progress in AI, and how AI, in turn, is helping us use this new data in novel ways, such as for predictive analytics. And learn how evolving standards are creating opportunities for new innovations like CBDCs and tokenised assets to scale and interoperate globally.
Don't miss this chance to explore how ISO 20022 is helping push the boundaries in financial innovation further than ever before.
As the industry is moving towards more instant payments, being able to detect anomalies efficiently has become more important than ever. In this session, find out how Swift can help you to easily implement controls to detect and stop anomalies that can be indicative of fraud, operational issues, or out-of-policy payments in real-time.
You’ll also hear how AI and Swift network-wide data are key to having a 360º view of anomalies, reducing your operational costs and enhancing your trusted relationship with your customers.
The G20 has outlined a roadmap to enhance the speed, cost, transparency, and accessibility of cross-border payments, with concrete targets to be met by 2027. Swift and our community share this vision and are working together to help make it a reality.
Join us for a deep dive look at how the industry is progressing towards the G20 goals, what more needs to be done, and how we can get there together. And, as payment service levels across the industry become more and more uniform, we’ll also look at how providers can continue to innovate to stand out from the pack.
With the adoption of ISO 20022 for payments gaining momentum across various business areas, solution providers have a critical role to play in ensuring its success.
In this session, we’ll look at how standards adoption can be an equaliser or even differentiator, examine the balance between automation and comprehensive standards support, and analyse the compelling case for cloud and data standards for solution providers.
There are many opportunities for transformation in emerging markets, particularly in the realm of payments. In this session, we’ll explore how payments act as a catalyst for change, propelling economies forward by tapping into vast potential.
Join us in this dynamic discussion to gain valuable insights into how the financial ecosystem plays an essential role in fostering payments evolution, community collaboration, and economic growth in the vibrant Latin American & Caribbean region.
This session will be followed by the Latin America and Caribbean cocktail reception at the MTCC.
ISO 20022 is now powering High Value Payment Systems and cross-border transactions all over the world. So, now’s the time to also be thinking about maintenance.
Join us as we explore strategies and spark conversations about achieving seamless ISO 20022 upkeep in our globally interconnected ecosystem.
Wednesday 20 September
Say goodbye to unnecessary payment errors with Swift’s Payment Pre-validation. The service lets you check account details before a payment is sent, bringing more certainty that it will reach its end destination quickly and smoothly. Join us to hear from your peers about the benefits Payment Pre-validation is bringing them, from increased speed and automation, to enhanced customer experience.
This session is designed to give you the insights you need to build your business case, plan your implementation, and start pre-validating your customers’ payments.
ISO 20022 is a major enabler for financial innovation, and in this session, we’ll show you how. We’ll examine how richer data is fuelling progress in AI, and how AI, in turn, is helping us use this new data in novel ways, such as for predictive analytics. And learn how evolving standards are creating opportunities for new innovations like CBDCs and tokenised assets to scale and interoperate globally.
Don't miss this chance to explore how ISO 20022 is helping push the boundaries in financial innovation further than ever before.
With the introduction of ISO 20022 and transaction management, banks are in a better position than ever to deliver new rich capabilities fully embedded into their customer channels. The combination of a unique payment acquisition standard, upfront data quality checks and embedded value-added capabilities will accelerate the time to market of new ISO 20022-rich propositions for banks globally.
In this session, a panel of experts will look at what opportunities this opens up for banks and corporates, and shed light on the future of cash management services in the next two years.
We spoke to thousands of consumers and SMEs across eight key countries to understand what makes a great payment experience and what contributes to one that leaves them feeling frustrated.
Join us to find out what they said and how you can upgrade your offering to take advantage of this booming market. Get the insights you need to keep your customers coming back over and over again.
Since the start of the co-existence between legacy MT and ISO 20022, what's the data telling us about what’s happening? In this session we're flipping the script and inviting you, our audience, to predict what's unfolded so far, before our expert panel reveals the real-time, real-world scenario.
We'll probe into how banks' and regulators' expectations are shifting towards data quality to facilitate instant, frictionless payments in harmony with global transparency standards.
Don’t miss this engaging and interactive session.
Swift services help financial institutions manage cross-border payments quickly, efficiently and securely. But how can you extend the full value of these services to your corporate customers too?
Join us as we unveil a transformative new capability that empowers financial institutions to fully activate and manage their Swift capabilities directly in their front-end channels. Come along for demo and hear from a leading cash management bank about the benefits this is bringing them and their corporate customers.
We have worked with the ICC to create the first Corporate to Bank API for guarantees, forward compatible with ISO 20022 standards would like to showcase the various challenges and adoption plans. We will discuss acceptability of the API as the common standard across corporates, platforms, and banks.
We would also like to spark a debate on whether the industry is ready for ISO 20222 for trade finance and how we see this space evolving.
There’s a lot of potential in the financial industry for tokenised assets – a market anticipated to reach over $16 trillion and 10% of global GDP by 2030 for illiquid asset classes alone (e.g. real estate, private equity, or land assets). But to unlock this value, financial institutions need to be able to easily interact with multiple tokenisation platforms and blockchain settlement networks in a secure and trusted way. How can this be done leveraging existing infrastructure and investments?
Join us to learn more about the results of our collaborative experiments with 13 global financial institutions to explore how Swift infrastructure could be used to enable an interoperable ecosystem across blockchain networks and existing financial infrastructure.
Through our commitment to science-based emissions targets and supporting the UN’s Sustainable Development Goals, we’re charting a course to a greener, more sustainable future. Come along to learn more about our sustainability vision and what this means for Swift, our customers, and the world at large.
Hear from leading experts about the advantages that ISO 20022 brings to corporate clients. In this session, we’ll discuss how we can tailor the standard to meet unique business needs.
We'll also explore how Swift’s Transaction Manager elevates value for banks and corporates by enhancing data flows and increasing service quality, delve into banks' thinking about the benefits of ISO 20022 and how it improves the entire transaction process.
As payments settle faster and faster, it becomes increasingly important to stop faulty and suspicious payments as early as possible. And that means having a clear view at the outset of who is sending the payment. We’re heading towards a world where it’s possible to detect, assess and correct anomalous payments before they’re even sent.
Join us to find out how operational efficiencies and upfront predictability can be improved by leveraging new and unique data insights coupled with AI, and the benefits this can bring to your payment operations.
Together with the securities community, we’re tackling costly settlement fails once and for all with Swift Securities View. The service, which provides clear end-to-end tracking across post-trade processing, has seen rapid adoption since its launch earlier this year.
Join us to learn how Swift Securities View can help you reduce settlement fails, streamline investigations and make a smoother transition to shorter settlement cycles under T+1.
This was the year ISO 20022 came alive, with cross-border payments and major PMIs embracing this new standard. During this engaging session, we’re looking back on the experience to discuss the hurdles PMIs overcame, lessons learned, and the path forward.
Join us as we ensure that the momentum continues, value is realised, and the entire community moves forward together.
The cross-border payments industry has seen rapid innovation in recent years. Capabilities like Swift GPI, Swift Go, and Payment Pre-validation allow financial institutions to manage payments more efficiently, remove unnecessary costs and friction, and inject new levels of speed into the entire process. But how can we ensure these benefits are also felt by end users?
Join us as we look at what it takes to provide an excellent payments experience and increase value for your customers.
About 5% of cross-border payments encounter some sort of friction before they reach their destination, resulting in manual interventions that cost the industry upwards of $2 billion per year. But help is on the way. The introduction of rich and structured data in cross-border payments opens up a unique opportunity to bring more efficiency to exceptions management. Standardised market practices and central orchestration to increase automation and streamline processes are on the horizon.
Hear from our panel of banks and vendors about the benefits this transformation is set to bring.
The low-value cross-border payments market is growing exponentially. And what matters most to customers is security, low cost, speed, and simplicity. Together, Swift, clearing banks, and local market networks are providing low-value cross-border payment standards to achieve end-to-end transparency and simpler, faster payments.
In this panel, learn from banks, local market infrastructures, and payment experts how disbursing low-value payments via domestic networks supporting cross-border payment standards helps you deliver the experience end-customers expect and meet financial crime compliance obligations.
Be the first to gain exclusive insights from the Payment Market Practice Group’s (PMPG) Annual Forum, which takes place on the Saturday before Sibos. We'll delve into all the latest payments trends and look at what’s hot, and what’s not.
Thursday 21 September
An emerging class of new networks for exchanging value appears to be gaining traction, with great ambitions for more efficient settlement processes and reduced risk. As promising as the potential benefits may seem though, to realise the value of these emerging networks they need to be able to interoperate with each other and, importantly, with the existing financial system. Join us as we delve into the ground-breaking world of blockchain-based payment and asset networks, and showcase the role Swift is playing to enable seamless interoperability.
We’ll also look at some of the latest industry initiatives like the Regulated Liability Network, and how they align with our aim of advancing a connected world of new value networks. Don't miss this opportunity for an exciting look at the future of network interoperability and be part of the conversation shaping the future of finance.
Friction in payments is costing the industry more than $2 billion every year, affecting over 700 million transactions. Much of this is the result of errors that could be avoided through pre-validation. This includes incorrect or incomplete beneficiary or originator details, and formatting errors on the structure and construct of payments required by different market rules and regulations.
Domestic Confirmation of Payee (CoP) schemes have emerged as an effective form of pre-validation to minimise the number of misdirected payments on the country level. But fragmentation between local schemes makes it difficult to interoperate and provide cross-border account coverage. Data privacy concerns and the complexity and costs associated with integrating with multiple schemes is also a barrier to global adoption. The good news: several measures can be taken to build on what’s already available today to address this fragmentation gap.
Join us to learn more about what these are and how Confirmation of Payee schemes can be leveraged to reduce friction in cross-border payments too.
Financial products and services are increasingly being seamlessly integrated into nonfinancial customer experiences. The emergence of Buy Now, Pay Later (BNPL) services in recent years is a prime example of this and of the growing trend towards embedded finance. At the heart of these innovations lie Application Programming Interfaces (APIs).
In this session, we’ll explore the most captivating use cases and opportunities for APIs to create exciting new customer experiences. And we’ll show you how you can put this into practice by leveraging Swift offerings already available to the whole community.
We passed a major milestone on the road to full ISO 20022 adoption in March with the start of coexistence. But this is just the start. In this session, we'll put a pin on where we are in the migration journey, show where we’re headed next, and look at how we’ll get there as an industry.
We'll also show how Transaction Manager is not only supporting this transition period but also helping early adopters unlock the advantages of ISO 20022 faster. Join us as we throw open the map towards 2025 and show you how best to navigate it.
How can your firm set out a successful ISO 20022 strategy that’s right for you? What are the opportunities to protect and grow your business, increase efficiency, and improve risk management?
Join us to hear first-hand from financial institutions that are early adopters of the standard about the concrete benefits it’s bringing them. You’ll gain actionable insights to help you develop your internal business case and supercharge your adoption journey.
Momentum is growing in the drive to digitise trade. But industry adoption of electronic Bills of Lading has yet to fully take off – partly due to a lack of interoperability between the multiple authorised platforms. In this session, discover how Swift is collaborating with a range of industry partners to test how we can use our network to connect different platforms and players using a standardised API.
Hear the lessons learned from our recent proof of concept, the potential benefits it could unlock, and what’s needed to ensure the security and integrity of digital trade documents moving forward.
Are instant payment systems poised to displace real-time gross settlement systems (RTGSs) for the last mile delivery of cross-border payments? What are the opportunities for financial institutions and market infrastructures (MI) when they open up their domestic instant payment systems to cross-border traffic?
In this session, our panel of experts will discuss the different interoperability models to achieve instant cross-border transactions, the potential benefits of each, and the challenges in connecting them seamlessly. We’ll also explore which Swift building blocks can already be used, or enhanced, to enable funds to flow smoothly and swiftly from account to account, anywhere in the world, while also allowing banks and MIs to leverage their existing investments.
With the introduction of ISO 20022 for payment exceptions and investigations, we’re extending the Case Resolution service to the entire Swift community. Join this session to hear from your peers how rich and structured data and central orchestration can dramatically reduce exceptions, and give you a single window to more efficiently manage all your investigations.
Find out how you can benefit from increased predictability and transparency, reduced costs and give your customers an improved payments experience.
The Customer Security Programme is continuing to evolve to support our industry in achieving the highest levels of cybersecurity protection. Join us for a look at upcoming enhancements to the security framework and the new external assessor certification initiative.
With over 300 live institutions, Swift Go is becoming the new standard for low-value international payments. The service enables your consumer and SME customers to send quick and easy cross-border payments straight from their bank account.
Come along to hear your peers share insights about their Swift Go journey: from building a business case, to processing their first live payments, opening additional corridors, and how they’ve enhanced their customers’ experience.