October 10 > 13
Swift at Sibos - Programme
Monday 10 October
To kick off Standards Forum, 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?
In this pivotal year for the financial community, standards are high on everyone’s agenda. And this session should be too!
The trade ecosystem is vast, the challenges are plentiful, and inefficiencies can have far reaching consequences. One consequence of billions of pieces of paper is duplicate financing. This is a major fraud risk that ultimately impairs the free flow of financing to the real economy. The pandemic unearthed numerous frauds that rocked the trade ecosystem, prompting banks and regulators alike to react. Global collaboration around the exchange of richer data unlocks the opportunity for banks to verify financing requests and mitigate risk and friction.
In this session, learn more about how we’re collaborating with fintechs to bring value-added services to the Swift platform, and helping trade digitisation scale through collaboration.
The low-value cross-border payments revolution is here! And we want to make sure you’re ready to take advantage of it. In this session, we’ll introduce you to Swift Go, a new service allowing your customers to send predictable, fast and easy low-value cross-border payments anywhere in the world, directly from their bank accounts.
Join us to hear more about how we’re growing the community of Swift Go banks across the globe to enable you to reach your key correspondents and gain control of this fast growing market.
Join us this session to hear all about the key milestones and mandatory requirements you need to know to be ready for the go-live of ISO 20022 for cross-border payments in November.
Don't miss this unique opportunity to assess how ready you are and get your questions answers by our technical experts.
Cloud computing is a critical enabler of digital transformation, offering increased speed of delivery, full scalability, low cost of ownership and a multitude of other benefits. Many firms are now pursuing a ‘cloud-first’ strategy – opting for cloud-based solutions every time they develop new processes and transferring legacy solutions to the cloud whenever possible.
As part of our customer access evolution, we’re now fully geared up to support customers making their move to the cloud – whether opting for the public cloud via Alliance Connect Virtual or our own SaaS solution, Alliance Cloud.
Join this session to hear our experts explain these options and make sure you have the knowledge you need to begin your cloud journey.
Market infrastructures have a key role to play in enabling instant and frictionless end-to-end payments between bank accounts in their own communities. But what do you get when you interlink them? A much wider reach and a better payments experience across borders.
In this session, we’ll explain Swift’s vision to interoperate with these market infrastructures, combining the global presence of Swift with their domestic reach. Whether a market infrastructure runs on Swift or on its proprietary communication channels, linking it with Swift has many benefits, including extending its reach globally, leveraging the values brought by the Swift platform, providing end-customers a truly instant experience for their cross-border payments and achieving frictionless end-to-end transactions between any two bank accounts globally.
Friction in payment systems costs the industry billions every year, and yet most of this is caused by easily avoidable errors. Join our experts to hear how Swift Payment Pre-validation can help you avoid delays by quickly finding and fixing errors before you even send the money.
Not only will you benefit directly from increased automation and reduced investigations, but you’ll enhance your customers’ experience with a more efficient payments process.
Find out how you can benefit and start taking advantage of this service.
Strategic transformation is underway across the global trade ecosystem and standards play a critical role in enabling this change. Join this session to hear from industry experts on the latest developments.
These include trade finance APIs created to tackle interoperability, help third-party fintech services to scale, modernise and enhance financing workflows between corporates and banks.
Securities settlement fails create both added costs and operational risks for trading counterparties. And these challenges are only intensifying under CSDR’s Settlement Discipline Regime and the decision by certain markets to adopt T+1. Increased transparency on securities transactions will be essential if the industry is to reduce settlement fails moving forward.
In this session, we’ll look at why some transactions fail to settle on time, the rising costs and risks associated with this, and hear first-hand from key securities players about a new service that will address the issue once and for all.
The adoption of ISO 20022 for payments offers a unique opportunity to improve financial crime controls and reduce payments friction. In this session, we will look at how ISO 20022 is currently impacting and benefiting compliance policies and processes and explore how banks are approaching adoption.
We will also delve into potential challenges firms may encounter during the period when different message formats will co-exist, and what can be done to mitigate them.
Communicating corporate actions can be tricky. While automation has improved in recent years, informing stakeholders of corporate events is still heavily dependent on manual intervention and legacy technologies.
Join us to hear about how Swift is collaborating with a range of securities players and Symbiont to pilot an ambitious enterprise blockchain solution capable of sharing accurate information with all stakeholders in near real-time – enabling asset managers and custodians to reduce the cost and risks associated with managing corporate actions.
Far from just being a mandatory exercise, the adoption of ISO 20022 for cross-border payments and reporting has transformative potential. It can help you help boosting operational efficiency, reduce risks, enhance customer experience and analytics, and develop new innovative products and services. These benefits are made possible by better data, and it’s now up to all of us to make the most of the standard’s rich-data format.
In this session, we will discuss where the opportunities lie, what’s at stake, and how we can continue to work together to improve data quality across the financial services ecosystem.
Fraudsters and hackers never stand still – they’re constantly evolving their techniques and tactics. And, if they want to stay one step ahead, neither can financial institutions. We want to empower the financial community to keep safe and secure, providing the tools needed to do so. Today, Payment Controls is used by hundreds of institutions to monitor and restrict operational errors and potentially fraudulent activity, both on financial institution and customer-account level.
Learn how we’re continually evolving this solution to help you keep pace with these changing threats, keep your customers’ money safe and keep your business flowing smoothly.
Being able to seamlessly move money around the world to pay for goods and services has never been more critical. The volume of cross-border payments is growing consistently, fuelled by more and more complex global supply chains, demand for seamless remittances and rapidly rising international B2C trade and e-commerce. The banking community together with Swift continues to make great strides in enabling instant and frictionless payments from account to account anywhere in the world.
In this session, we’ll look at the benefits this is bringing to end customers, and what needs to be done to remove the remaining friction points.
Whether you're at the start of your cloud journey or are already navigating its twists and turns, we want to support you.
Join this session to hear from two customers that have already taken to the cloud – one that's harnessing the power of the public cloud offer via Alliance Connect Virtual, and another that's embarking a pilot of our SaaS solution, Alliance Cloud. We'll be learning about both of their journeys and how they've sparked new innovation opportunities.
Tuesday 11 October
ISO 20022’s data model and dictionary enable interoperability and provide a solid foundation on which future innovations can be unlocked in the securities industry.
From regulatory reporting to end-to-end transaction views and workflow management, the use of a standardised set of data creates opportunities for faster and better reconciliation, enhanced trade-to-post-trade processes and seamless customer experiences.
In this session, our expert panel will dive into the opportunities ISO 20022 presents to cut through today’s complexities and what is needed to build a bridge to this frictionless future.
With upfront checks on key account details, Swift Payment Pre-validation can vastly improve your payments process and end-customers experience. But don’t just take our word for it. Hear from your peers on why they chose this solution to reduce friction in their transaction processing.
They’ll also discuss their onboarding journey and share pointers on what you might expect from your own. Ask those burning questions and hear directly from one of your peers – you won’t want to miss this.
While 94% of securities trades settle on time, the 6% that don’t are costing the industry billions of dollars annually in operational costs. With CSDR’s financial penalties for failed trades now in effect, these costs are set to rise even further. Full transparency and visibility for all parties to a trade across the end-to-end securities settlement lifecycle is key to removing inefficiencies in the settlement process.
Join this session to discover the Swift Securities Tracker, which will allow you to identify trades at risk of failing and correct them before settlement date to increase efficiency, enhance customer experience and avoid unnecessary costs.
The SMPG leads the way in developing global market practices to support the implementation of standards in the securities industry.
Join this session to hear the latest on their work to support the Central Securities Depository Regulation (CSDR), the implementation of general meetings and shareholders identification messages, and their work on new market practices to support funds transfers.
Do not miss this opportunity to join the conversation and share your views on where the SMPG should focus next.
Growth in low-value payments is accelerating, and fast. With this growth comes greater customer expectations. Whether it’s a small business paying suppliers overseas, or an individual sending money to friends and family internationally, customers want a payments experience that’s transparent, fast and seamless. Given the high growth and fierce competition in low-value payments, this is one area that banks can’t afford to ignore.
In this session, we’ll look at how banks are going all-in to meet the needs of their small business and retail customers when moving money across borders, and show you how you can too.
More than ever, there is a need for greater standardisation of data flows in the post trade space. Market reform and the drive to T+ 1 means that for financial institutions to survive, they will need to be able to exchange data seamlessly within their own organisations, as well as with customers and third parties.
Join this session to share your views and hear how the International Securities Association ISITC is enabling the transformation of post trade operations.
Interlinking instant payment systems promises a new way of moving money across borders safely, quickly and at a low cost. And that’s exactly what the new Immediate Cross-border Payments (IXB) initiative from EBA CLEARING, The Clearing House (TCH) and Swift aims to achieve together with banks in Europe and the US. Come and hear first-hand about the benefits of interlinking instant payment systems for end customers and the wider ecosystem alike.
Learn why the private sector is taking a leading role in enhancing cross-border payments, and discover what the future plans are for this ground-breaking collaboration.
When it comes to data architecture, we need to ask “Where can ISO 20022 take us in the future?” Can technologies like AI, wiki, search engines, and the federated Registration Authority (RA) help our industry leverage and adopt the ISO 20022 repository? How do ISO 20022 business APIs fit into this? Are standardised APIs the key to AI process integration interoperability in the near-term? We’ll discuss all this and more as we explore how ISO 20022 can and should impact data architecture going forward.
What can finance achieve by harnessing the power of machine learning? Today, financial institutions are constantly striving to create intelligent new services that can automatically recognise transaction types and learn from user behaviour. Machine learning algorithms lie at the heart of these solutions but require a huge amount of data to be sufficiently trained. And firms can’t just use their own customer datasets – they need to be mindful of data protection laws and maintaining anonymity.
Learn how we’re enabling the creation of new intelligent transaction services by leveraging the power of synthetic data. You’ll hear from our tech partner, Mostly AI, and others about how we’re working to deliver synthetic data that looks, feels, and mean the same as the original data – without any of the privacy concerns.
Take a look back at key milestones and mandatory requirements for CBPR+ readiness in November 2022. Don't miss this unique opportunity to review the level of readiness of your institution and mark the key required actions for preparing your go-live.
You can speak to our technical experts for any questions you might have.
The low-value cross-border payments revolution is here! And we want to make sure you’re ready to take advantage of it. In this session, we’ll introduce you to Swift Go, a new service allowing your customers to send predictable, fast and easy low-value cross-border payments anywhere in the world, directly from their bank accounts.
Join us to hear more about how we’re growing the community of Swift Go banks across the globe to enable you to reach your key correspondents and gain control of this fast growing market.
In today’s digital economy, instant access to up-to-date information about global account balances is more than a nice to have for corporate treasurers. It’s a must for them to be able to make smart strategic decisions and optimise cash management. But all too often, corporate treasurers can’t get the information they need, when they need it. Instant treasury could provide a way of overcoming this challenge with simple, on-demand and real-time information. Join us to learn how the Swift community is driving this forward through a new Instant Cash Reporting solution powered by APIs
With over 250 banks already signed up, Swift Go is well on the way to becoming the new standard for low-value international payments. Global reach is the goal, and all banks are set to benefit.
Come along to hear your peers share insights on their Swift Go journey: from building a business case, to onboarding and processing their first live payments.
The new Swift securities tracking initiative will finally shine some light in the securities post trade settlement space. It will enable you to detect and fix transactions at risk of failing, reducing risks and saving you time and costs.
Join this session to hear first-hand from two pilot users what value they perceive today and tomorrow.
Far from just being a mandatory exercise, the adoption of ISO 20022 for cross-border payments and reporting has transformative potential. It can help you help boosting operational efficiency, reduce risks, enhance customer experience and analytics, and develop new innovative products and services. These benefits are made possible by better data, and it’s now up to all of us to make the most of the standard’s rich-data format.
In this session, we will discuss where the opportunities lie, what’s at stake, and how we can continue to work together to improve data quality across the financial services ecosystem.
The current market for tokenised assets is small but expected to grow rapidly in the coming years. Today, however, market participants have to navigate a thicket of different technologies, platforms and regulatory environments when processing tokenised assets post-trade. As the market grows, and tokenised and traditional assets start to co-exist, the industry must ensure interoperability between participants and systems during the lifecycle of tokenised assets.
Join our expert panel to discover how the financial industry can collaborate to overcome fragmentation to support the growth and development of this market. We’ll also discuss the results of our recent experiments with SETL, Citi, Clearstream, and Northern Trust and the role Swift could play in achieving future interoperability.
The adoption of ISO 20022 for payments offers a unique opportunity to improve financial crime controls and reduce payments friction.
In this session, we'll look at how ISO 20022 is currently impacting and benefiting compliance policies and processes and explore how banks are approaching adoption. We'll also delve into potential challenges firms may encounter during the period when different message formats will co-exist, and what can be done to mitigate them.
Wednesday 12 October
Far from just being a mandatory exercise, the adoption of ISO 20022 for cross-border payments and reporting has transformative potential. It can help you help boosting operational efficiency, reduce risks, enhance customer experience and analytics, and develop new innovative products and services. These benefits are made possible by better data, and it’s now up to all of us to make the most of the standard’s rich-data format.
In this session, we will discuss where the opportunities lie, what’s at stake, and how we can continue to work together to improve data quality across the financial services ecosystem.
With over 250 banks already signed up, Swift Go is well on the way to becoming the new standard for low-value international payments. Global reach is the goal, and all banks are set to benefit.
Come along to hear your peers share insights on their Swift Go journey: from building a business case, to onboarding and processing their first live payments.
AI has a key role to play in enabling instant and frictionless global transactions. For example, smarter algorithms allow us to scan for anomalies without causing unnecessary delays, improving efficiency and ensuring end customers always have the best experience possible. This year Swift is launching a state-of-the-art enterprise scale AI platform that will enable us to both enhance our existing solutions and develop brand new AI-native services.
Join this session to hear how we built the platform with cutting-edge partners C3.ai, Red Hat and Kove, and what this means for next generation of Swift transaction services.
After another busy year for the PMPG, come listen to members discuss their recent activities, with a special focus on the Structured Postal Address.
We will look at why this is increasingly important and how it enables us to reduce friction in compliance.
With Swift’s enhanced platform, the Swift community is poised to take the next steps towards instant and frictionless transactions. The platform will be a nexus of activity, bringing together common data, services and standards. In addition to improving end-to-end efficiency, reducing total costs, and bringing new business value, it presents opportunities for future innovation. These run from the creation of overlay services to interlinking between market infrastructures, and between central bank digital currencies.
In this session, we’ll look at how the community can leverage our platform to develop the financial services of the future.
The industry-wide journey to adopt ISO 20022 for payments by 2025 is now well underway across the financial community. Now is the time to take stock on lessons learned and reflect on what’s needed to continue making the process as smooth as possible.
Join us to hear from industry experts as they explain their views on how this can be achieved and what still needs to be done.
Finance moves fast. And making sure you and your workforce keep pace with its twists and turns can be difficult. As the global employment landscape shifts, there’s a renewed need to retain and nurture talent too. Technology can’t run seamlessly without skilled and knowledgeable staff, but how do you source, filter and collate all the right information for your employees?
In this session, we’ll speak with your peers, to learn how they’re leveraging SWIFTSmart to enable their employees to build knowledge and transform their business.
Payments are rapidly moving to an instant and frictionless experience, but how can we make compliance processes fit for purpose in an instant and frictionless world?
In this session, Swift along with industry experts will look at how the industry has come together to tackle this question and how sanctions screening is being transformed to keep pace with an evolving payments landscape.
Join us this session to hear all about the key milestones and mandatory requirements you need to know to be ready for the go-live of ISO 20022 for cross-border payments in November. Don't miss this unique opportunity to assess how ready you are and get your questions answers by our technical experts.
Payments should soar overseas and race across borders, not get held up by exceptions and investigations. But when frictions do arise and an investigation is needed, Swift’s Case Management solutions are a must have in your toolbox.
Join us to discover how you can easily accelerate exception handling and even stop and recall payments mid-flight if needed. Our experts will demonstrate these exciting capabilities and show you how you can take advantage of them.
Adoption of Central Bank Digital Currencies (CBDCs) is clearly on the rise. According to the Bank for International Settlements, nine out of 10 central banks are now exploring CBDCs, with nine countries already live. Yet much of the focus to date has been on how CBDCs can achieve domestic policy goals, with less attention on how they could work cross-border.
In this session, our panel will debate how the global community can best ensure interoperability and interlink the numerous domestic CBDCs and payments systems springing up world-wide to enable the new currencies to be used for cross-border payments. We’ll also discuss the results of our recent experiments with Capgemini and the role Swift could play in achieving future interoperability.
Our vision is for instant and frictionless transactions, account to account, anywhere in the world. And to help achieve this, we’re transforming the Swift platform to provide end-to-end transaction management capabilities.
In this session, find out about how the process works and ever-evolving features, as well as how this can help you deliver the best possible experience for your customers and future-proof your operations. Our Swift experts will be available for any questions you might have, so come and join us to learn more.
APIs will play a key role in accessing RTGS services in the future. In this session, the Bank of England discusses how APIs will help us achieve the benefits of a renewed RTGS, the opportunities for participants, and how they’re partnering with Swift to provide new API services as part of that journey.
Trust is paramount in financial services. And the Swift Customer Security Programme (CSP) plays a critical role in maintaining that trust between counterparties when it comes to cybersecurity. To strengthen this trust further, since 2021, everyone in the Swift community must also ensure the mandatory controls in their self-attestations are assessed by an independent party.
In this session, we’ll take stock of the first round of results, look into the future at what role independent assessments can play in our hyper-connected financial ecosystem and how the community can continue to work together to meet cyber challenges. Join us to hear how CSP is evolving and how other industry initiatives are raising the bar on cyber defence.
The International Securities Services Association (ISSA) works to improve securities services offerings for market participants, reduce risks and increase efficiency through the creation, implementation and adoption of standards across diverse elements of our business.
Join us as we look at how ISSA is helping to shape the future of securities standardisation in a number of areas such as Financial Crime Compliance; Distributed Ledger Technology (DLT); Environmental, Social, and Governance (ESG); ISO 20022; and Domestic Central Securities Depositories (CSDs).
Case Management is the latest offering in our exception and investigation handling suite: combining Stop and Recall and Case Resolution to help increase your back-office efficiency.
Tune in to hear your peers share their story, exploring how Case Management is helping reduce friction and unpacking the details of their implementation journey. They’ll also dive into how this service has been designed to seamlessly complement your ISO 20022 adoption.
Thursday 13 October
With cloud-computing becoming the new norm across financial services, the way customers use Swift services is changing too. We’re working closely with our community to define light footprint options that enable our customers to reduce cost and innovate using APIs, whether it’s moving existing applications to the cloud or building new, cloud-native platforms.
Join this session to hear about how we engage with our community to stay up to date on their changing needs, and the resulting evolution of our footprint.
Tokenised assets are gaining traction across the financial services industry. This means it’s vital that existing message standards evolve to cater for these new assets.
In this keynote speech, a leading industry expert will share his views on old and new world interoperability, and the wealth of opportunities that exist for standardisation and improved market practices.
APIs are vital to data-driven digital economies, and the financial industry is no exception. However, whilst APIs are being developed and deployed across our industry, there is little regard for process or standardisation.
This is particularly problematic for financial institutions such as Global Banks or Custodians that need to interface efficiently with customers and service providers on a global scale, and for corporates treasurers that are multi-banked, across multiple jurisdictions.
What’s needed is a “common” approach to develop such APIs, a clear and unambiguous data dictionary, precise identity and party identification, as well as a single access to multiple service providers... but how do we get there? What are the business opportunities of implementing standardised APIs, and how should these be adopted alongside current technologies?
Join us as we discuss how APIs are shaping financial services and what we need to do together to get the most value from them.
New regulations are expected to bring more stability and resilience in the ESG landscape. No doubt this will make it easier for issuers to meet investors’ information needs. But how close are we to achieving a comprehensive global baseline of ESG standards? And how easy is it for an investor to interoperate with a myriad of global issuers, regulators and ESG service providers?
In this session, we’ll explore the role a centralised technical platform could play in connecting ESG data consumers and service providers. Join us to learn how we can accelerate the investment community’s ESG journey and not only make a difference for the financial industry, but also the world.
Screening transactions to make sure they don’t originate from countries on sanctions lists is not only important to maintain the integrity of the financial network. It can also result in steep fines from regulators for banks that don’t comply. We want to help you get it right.
Join us to learn how Swift Transaction Screening can help you meet sanctions requirements efficiently. We’ll also show you how to implement sanctions controls for CBPR+ and other ISO 20022 formats and explain how the new structure of the ISO 20022 format is set to improve compliance processes across the industry.
When it comes to data architecture, we need to ask “Where can ISO 20022 take us in the future?” Can technologies like AI, wiki, search engines, and the federated Registration Authority (RA) help our industry leverage and adopt the ISO 20022 repository?
How do ISO 20022 business APIs fit into this? Are standardised APIs the key to AI process integration interoperability in the near-term? We’ll discuss all this and more as we explore how ISO 20022 can and should impact data architecture going forward.
Data is key to reducing friction in the KYC process and improving anti-money laundering and countering the financing of terrorism (AML/CTF). Traffic data can help you identify possible anomalies in behaviour, hidden relationships, or consistently high levels of activity with high-risk countries and entities.
Join this session to learn how you can use KYC and business intelligence data to spot these patterns, mitigate risk and improve your back-office efficiency.
ISO 20022 will bring major opportunities for the financial industry – including richer data frictionless payments. But different markets are adopting ISO 20022 at different speeds, and it’s important to be able to carefully manage any complexities that arise during this process. To help your transition run as smoothly as possible, we’re lending a helping hand.
Join this session to hear how you can leverage solutions such as MyStandards and Swift Translator to ease and accelerate your move to ISO 20022.
The low-value cross-border payments revolution is here! And we want to make sure you’re ready to take advantage of it. In this session, we’ll introduce you to Swift Go, a new service allowing your customers to send predictable, fast and easy low-value cross-border payments anywhere in the world, directly from their bank accounts.
Join us to hear more about how we’re growing the community of Swift Go banks across the globe to enable you to reach your key correspondents and gain control of this fast growing market.
With over 250 banks already signed up, Swift Go is well on the way to becoming the new standard for low-value international payments. Global reach is the goal, and all banks are set to benefit.
Come along to hear your peers share insights on their Swift Go journey: from building a business case, to onboarding and processing their first live payments.
