Meet Swift

Discover the Swift GPI Tracker
Presenter: Jaime Maigre, gpi payments expert, Swift

Swift, together with its banking community, designed the Swift global payments innovation (gpi) service to set a new standard in cross-border payments. Since the beginning of this year, banks have been providing their customers with a faster and more transparent cross-border payments service, offering end-to-end payments tracking similar to international parcel shipping companies.

Join this session to learn about the innovative features of Swift GPI including the gpi tracker.

Thursday 21 June, 13:30-13:50, Muhazi Room (level -1)

Swift Payment Controls Service

Presenter: Samir El-Ouahabi, Compliance Expert, Swift

Cybercrime is a major concern for banks around the world. Until recently, attacks have focused on customers through compromising card and account details. As criminals have become more sophisticated, they have raised their ambitions, and are now directly targeting banks themselves. In light of these threats, join this session to discover what financial institutions can do to protect themselves from cyberattacks, detect suspicious activity more readily and improve their chances of recovering quickly from cybercrime.

Friday 22 June, 14:00-14:20, Muhazi Room (level -1)

Swift Research and Development in Artificial Intelligence

Presenter: Benjamin Bado, Innovation Manager, R&D/SwiftLab

As part of the SwiftLab programme, this session will explore how Swift is using Machine Learning and Natural Language Processing in order to improve its services and the products delivered for the community .

Support for Alliance 7.0.x, Alliance 7.1.x, and SwiftNet Link 7.0.x products will end in September 2018, at which point you will need to have installed release 7.2 of your Alliance software.

Alliance 7.2 is designed to provide a highly secure and efficient Swift service for our customers in the years ahead. This release combines a new operating system baseline with upgrades to the third-party products used within the Swift platform, inside Alliance products, and SwiftNet Link. Alliance 7.2 will retain all the functionalities of the previous product releases and introduce FileAct enhancements. This change will offer some significant performance benefits to customers by introducing a 64-bit architecture while using the existing hardware. 

Join this session to find out more about the migration to Alliance 7.2

Customer Security Programme

In 2016, Swift introduced its Customer Security Programme (CSP), a dedicated programme to support customers in reinforcing the security of their Swift-related infrastructure. The CSP addresses three key aspects: the security and protection of customers’ local environments, preventing and detecting fraud in their counterparty relationships, and working together as a community to prevent future cyber-attacks. In this session, we will discuss the introduction of mandatory customer security controls, new services to help customers prevent and detect fraudulent activity, and community-wide information sharing initiatives to strengthen defences through the exchange of intelligence information.

Swiftgpi

Live since January 2017, Swiftgpi brings significant speed, transparency and end-to-end traceability to cross-border payments. To date, more than 150 banks worldwide are committed to gpi. With over 14 million gpi payments already sent over Swift’s network, gpi has become the new standard in cross-border payments.

Swift’s Standards Release 2018 (SR 2018) will introduce major changes to all Swift users, including your organisation, with the requirements to generate or pass on a unique end-to-end transaction reference number (UETR) on all key payments messages.

Join this work session to explore the key innovative features of Swift GPI, learn more about SR 2018 and understand the value of Swift GPI for African banks.

Resiliency

In an era of persistent cyber threats, Cyber Resilience is an evolving perspective that is rapidly gaining recognition and becoming an integral part of business continuity. The concept essentially brings the areas of information security, business continuity and (organizational) resilience together. In this session, you will learn about four critical cyber resiliency layers at Swift and how you can better prepare your Swift environment in response to interruption threats.

Preparing for Standards Release 2018

Plenty of new things are coming our way in 2018 and the 2018 MT Standards Release is one of them. This year’s release introduces major changes to your payments messages with new Swift GPI fields, as well as your trade finance flows with new fields and new message types being introduced. 

Want to learn more about the process behind the standards release, what it involves and how it will impact you? Join us for this informative work session and leave with practical information about what you need to do to become compliant.

Multiple factors make compliance with financial crime legislation one of the most difficult challenges facing institutions operating in today’s financial markets. In response to ever more sophisticated financial crime threats, regulators around the world are raising the bar on banks’ sanctions, counter terrorist financing (CFT), anti-money laundering (AML), know your customer (KYC) and cyber security requirements. New technological, financial and operational challenges are emerging and evolving cyber threats highlight the need for robust fraud prevention programmes and practices.

Swift connects financial institutions across the globe, enabling them to transact business quickly, securely and cost-effectively. To protect our community, we offer a broad suite of financial crime compliance products to help you tackle financial crime head-on.

With customers in more than 200 countries using our compliance services portfolio, we help you set the standard in terms of effective regulatory compliance, greater transparency and more efficient operations. Join this work session to discover our financial crime compliance portfolio.

With the increasing pressure to implement more and more projects in a fast and secure manner, Swift has developed a portfolio of integration products and services which offer a full end-to-end implementation experience and allow financial institutions and corporates to concentrate on their core business.

In this session, we will provide an overview on the portfolio of products such as Swift Integration Layer, Integration Platform and AMH as well as packaged solutions such as Direct Link, gpi Connector, Connector for Sanctions. Join this session to find out more how services support bespoke solutions to link your business applications to Swift.

How can you best leverage Swift’s portfolio to maintain secure connectivity and ensure business continuity if you operations are disrupted? 

This session provides an overview of the Swift cloud offering including Alliance Lite2 and Alliance Remote Gateway and Swift’s onsite portfolio (Swift Network Layer, Alliance Gateway, the Connectivity Packs and Alliance Kits). We will also look how a Disaster Recovery site can support your resiliency, and how Swift can help you choose the most robust and cost effective architecture for your institution.

Automate payment flows and optimise your processes.

Data plays an increasingly important role in business strategy. Reference data can be used to increase productivity and data accuracy and at the same time decrease costs in financial message processing. Up-to-date reference data helps automate transactions in payments and securities; it is also increasingly required in regulatory reporting and risk management.

SwiftRef is the global reference data utility, offering a single source for all your reference data. Join this session to find out how it can help your institution.