September 23 > 26
SWIFT at Sibos 2019 conference programme
Monday 23 September
With SWIFT gpi, all SWIFT members - and their customers - can experience fast, traceable, and transparent cross-border payments. Today more than 500 financial institutions are bringing the benefits of gpi to thousands of corporate and retail clients across countless country corridors in nearly 150 currencies. With over 56% of all SWIFT international transfers sent via gpi, we are truly entering a new era in global payments. And there’s more to come. Building on this success, we’re moving rapidly to complement the core gpi service with a raft of additional services that will further speed up, reduce friction and bring innovation to international payments. Join us to find out why SWIFT gpi should be your number one priority for 2020 and beyond, and: • how the community is quickly moving towards global gpi adoption • the additional services we're developing • the strategic evolution of gpi beyond 2020
Financial institutions are obliged to maintain records of their financial transactions for years, but accessing this data remains difficult and time-consuming. SWIFT is launching the new Alliance Warehouse, a cost-efficient and reliable way to store years of financial data in one safe and accessible location – as well as the capability to search for any message or file online in seconds. Join this session to learn more and see the Alliance Warehouse in action.
What will the world look like when all payments are confirmed? Get ready for 2020
We’re almost there! Since last year, all payments sent via SWIFT can now be tracked from end to end in real time via the gpi Tracker. But there's still some unfinished business: confirmation that the funds have been credited to the end beneficiary's account. Today, hundreds of banks are already providing such confirmations, and it's bringing big benefits to them and their customers. Now it's time to extend these benefits to all, whether you’re a gpi member or not. This session is a must for all financial institutions to understand:
- what the world will look like with Universal Confirmations
- the tracking and confirmation benefits of our free Basic Tracker
- how you can prepare for the fast-approaching deadline
Come and hear from your peers how to best prepare and how to derive the most benefits for you and your customers.
gpi Observer Analytics solution: A must-have for your organisation
As a gpi user streamlining your operational efficiency and enhancing your business development strategy is key to giving you a competitive edge. With payments routing intelligence and speed benchmarking capabilities at your fingertips, gpi Observer Analytics provides you with new ways to move money faster and reduce costs. During this session, discover how to monitor gpi payments at country corridor, currency, and correspondent levels to see your activity share and adoption rate, gpi market practices, and identify new business opportunities.
Observer Analytics, a newly enriched Business Intelligence solution, delivers unparalleled insights on gpi payments with the insight and data to steer an institution’s cross-border strategy through improved competitive analysis. Join us for this hands-on gpi Observer Analytics session and take the chance to hear from peers who are already benefitting from enhancing their cross-border payments business.
Basic Tracker – Unlocking payment confirmations for all
As part of our drive to increase the value that SWIFT gpi brings to everyone in the financial community, we’re extending the benefits of payment confirmations to all. Even as a non-gpi member, you can also enjoy the tracking and confirmation benefits of gpi thanks to our free Basic Tracker. Join us for a live demo of the Basic Tracker and hear directly from customers that have been involved in our Basic Tracker pilot.
ISO 20022 Migration: Everything you need to know
The community has spoken! The language of worldwide payments and reporting are about to change. As the community transitions from MT to ISO 20022, it will require intensive preparation. However, there is good news – financial institutions that adopt early will be best prepared to do business with and on behalf of their customers and counterparties as we move to ISO 20022. In this session, you will hear: • what is changing • when and why this is taking place • how SWIFT will help you navigate this transition.
SWIFT gpi is continuing to gain rapid traction with financial institutions around the world and every week several banks are going live on gpi, unlocking a new world of efficiencies for their customers. In this session, a gpi member bank and a SWIFT expert will share practical advice to help you start your gpi journey, from implementation into day-to-day use. You will also learn more about the steps you can take for a smooth move to gpi.
Advanced analytics are a useful tool to support financial crime compliance. They help us to gauge the impact of global events, including the implications of the introduction of sanctions and the development of trends such as AML de-risking. In this session, SWIFT and Financial Network Analytics (FNA) will draw on documented cases to discuss how the use of advanced analytics can:
- be extended to perform ongoing monitoring of cash flow
- provide early warning signs of unusual trends
- predict outcomes using ‘what if’ analysis
For sustainable success in a fast-changing world, the future is in the cloud. SWIFT’s new Alliance Cloud platform offers easy connection to SWIFT services with straightforward operations and reduced infrastructure costs. Highly scalable, the platform delivers increased integration with your back-office applications and SWIFT services such as Alliance Warehouse, gpi and transaction screening. Join us in this session to learn more.
With institutional payment fraud now a multi-billion dollar industry, you must keep a step ahead to protect your organisation. Join this session to find out how a leading bank has taken measures to reduce the risk of institutional payment fraud across its business by:
- using new processes and technologies to combat risk
- introducing staff training and enablement programmes
Last year at Sibos in Sydney, we showed how real-time cross-border payments could be unlocked by connecting SWIFT gpi with domestic real-time systems. The results were impressive, with settlement times of less than 60 seconds, and corporates and retail clients sending and receiving cross-border payments in real-time. Since then, other banks and market infrastructures have been tapping into this possibility, bringing the experience of cross-border payments more into line with their domestic counterparts. Join this session to find out more and hear first-hand from gpi banks and infrastructure providers on how they are already benefitting from instant payments powered by gpi.
Tuesday 24 September
SWIFT gpi has rapidly transformed the customer experience in cross-border payments. But the hard work doesn’t stop here. To stay ahead of the curve, the gpi community has designed, tested and in some cases already rolled out several new services powered by gpi. New services in our bold roadmap of service developments include:
- a gpi instant payments service to transfer cross-border payments in near real time
- a financial institution transfer tracking service for capital market players to efficiently manage and forecast intra-day liquidity positions
- a payment pre-validation service to improve payment STP-rates with APIs
- a case resolution service to speed up and simplify payment investigations
- an inbound tracking service for faster reconciliation between corporate treasurers and financial institutions
- a gpi link service to ease payment settlement by e-commerce and trade platforms Join this session to hear directly from gpi members and corporates as they discuss how these new gpi services can bring further efficiencies and add value to your business.
Under pressure to contain costs and produce results despite technical and compliance challenges, business as usual is no longer an option. Financial institutions are seeking ways to transform their operations to provide best-in-class services and gain a competitive edge. Join this session to find out how we can help you: • monitor your systems in near real-time • maintain your disaster recovery procedures • ensure your infrastructure meets the latest operational and security best practices
Many banks have struggled to meet the rigorous intraday liquidity reporting requirements set out by BCBS. The burden of reporting on intraday liquidity flows is costly and resource-intensive, with failure to do so leading to potential penalties. Join us to discover how data collection, storage, and visualisation of accurate and timely information through SWIFT Scope can help you demonstrate to regulators that you have a robust liquidity monitoring and reporting framework.
Caught between legacy systems and the latest trends in technology, financial institutions need a messaging platform that embraces modularity and open architecture. SWIFT’s Alliance Messaging Hub (AMH) software will help you stay ahead of the curve. AMH is a highly customisable platform that provides banks agility when implementing changes to messaging flows.
DLT has now reached industry-wide visibility and a high degree of commitment from a number of infrastructure providers as a potential future basis for capital markets. This session seeks to separate the hype from the reality and explore whether this is just a DLT boom and whether it is destined to succeed or fall? It asks the fundamental questions that any industry – especially one the size of the securities and capital markets – needs to consider. These include:
- how will DLT ecosystems evolve and will they be a burden or a benefit?
- who will step up to lead the drive to standardization?
- what qualities should they have?
- Will regulators empower or hinder widespread DLT adoption and implementation?
With more than 1,900 financial institutions now using the RMB for payments with China and Hong Kong, the internationalisation is strategically important for banks and FIs. As China expands its economic power into the global arena, alongside initiatives such as the Belt and Road (BRI) and the Great Bay Area (GBA), new opportunities are opening in Asia Pacific and beyond. In this session we will examine:
- how the RMB stands against other currencies
- the latest SWIFT RMB data
- trends influencing the RMB’s internationalisation
Incorrect beneficiary information accounts for 50% of rejected cross-border payments. This simple mistake can add significant overheads in chasing failed payments and trying to reconcile invoices. Using APIs, our pre-validation tool cross-references key account information before the payment is sent, ensuring its smooth path to the beneficiary. Join this session to find out more about how pre-validation can help you, and hear directly from customers who are benefitting from the service today.
Alliance Messaging Hub (AMH) is our world-leading messaging solution, equipping financial institutions with a scalable and customisable platform to handle their messaging needs. In this Knowledge Bar, hear how one customer has leveraged AMH to deliver new value today, and open new opportunities in the future.
SWIFT gpi case resolution: Exceptions and investigations made simple
Whilst only a minority of payments are held up by errors or missing information, they are typically frustrating, time-consuming and costly for all parties involved. Building on the gpi Tracker capabilities a gpi case resolution service is now available to help tackle the main pain points and reduce friction in payments. Find out how the new service works, see it in action and hear first hand from pilot users how the case resolution service is lowering costs and providing a better customer experience.
Rethinking Counter-Terror Finance Strategies
Putting a stop to terrorist financing is one of the most challenging requirements that states have placed on financial institutions, however it remains among the most important. Locating and rooting out small and well-disguised amounts of money used to finance terrorism is as challenging as finding a needle in haystack. Join us to for a discussion on best practices and strategies for successfully complying with challenging government expectations around CTF.
Customer Security Programme (CSP) : The current status, the future roadmap
We have made significant strides toward making the financial service ecosystem safer, but the bad guys are still around. With much work still to do, in this session, learn about key aspects of the CSP Programme:
- what are the changes to the mandatory and advisory CSCF Controls needed to meet the v2020 deadline?
- what do customers need to do to ensure necessary independent assurance? • how will non-compliant customers be reported to their local regulator?
- how should customers ‘consume’ the attestation and compliance details from their counterparties to allow effective risk management
Integrating gpi tracking into your customer portal
SWIFT gpi makes tracking cross-border payments as easy as tracking a package online and many gpi banks are already providing their customers with direct gpi tracking information through their customer portal. Join this session to find out from a gpi member bank how they integrated the tracking information into their customer portal, and discover other cost effective alternatives SWIFT offers to help you provide tracking capabilities to your customers.
Payment Control Service - how SWIFT can protect your business from fraud (live demo)
As the nature and impact of fraud in the financial services industry has evolved, cyber-criminals have increasingly begun to target the core of financial institutions, gaining control of the back-office and fraudulently sending payment instructions over the SWIFT network. Effective payment controls have never been more crucial in winning the fight against fraud. Join us for a live demo session with our product experts and witness Payment Controls in action.
We know that maintaining accurate data about all your counterparties is an ongoing challenge for your business - consuming valuable time and resources. Yet, keeping correct data is vital to ensure regulatory compliance, complete due diligence activities and make sound risk assessments. Join us to discover how SWIFT has, in recent years, assessed the usage and application of entity data across all phases of the client life-cycle management to shape its offering.
As we move towards compliance in a real-time world, sanctions compliance is becoming even more challenging. There is a need and a real opportunity to deliver tangible improvements to the global transaction screening experience. Join this panel session with leading compliance experts to find out:
- How the sanctions world is changing, and how technology and data are influencing its implementation
- How banks are working towards closer collaboration on standards, processes and data to deliver processing efficiences and improve screening performance
Getting ready for the mandatory payment credit confirmations
Being able to track and confirm payments in real-time is fundamental in the world of modern commerce. As the industry prepares to adopt mandatory payment confirmations by 2020, find out what this means for you. In this session, you will get insights into the various implementation routes and get practical advice on the next steps to meet this critical deadline.
Business intelligence that gives you the edge
In the payments, trade finance and FX businesses, there is always a race to gain the competitive edge. The Watch for Banking portfolio is continuously enriched, giving you the tools to better understand your business globally, identify new opportunities, improve efficiency and reduce costs. Join us in this session to find out more.
Wednesday 25 September
As SWIFT gpi continues to establish itself as the new norm for making cross-border payments, it naturally lends itself towards improving efficiencies in capital markets. Most capital markets players identify the cash legs of their business as the area of greatest risk and operational inefficiency. By adopting gpi, firms can tackle a primary cause of high costs in post-trade payments and a lack of transparency and information about payments once they are in-flight. In this session, we’ll explore how capital markets institutions are deploying gpi to cut costs, reduce risk and enhance liquidity for themselves and their clients.
Reference data over APIs
In today’s world, the demand for fast and seamless reference data delivery is more and more. To help the community, SWIFTRef is putting in place Reference data over APIs to allow customers to gain time, reduce risk and cost, and have access to the data they need, when they need it.
Platform evolution in an API-centric world
Customer applications are increasingly reliant on the simplified delivery of data and services via APIs. SWIFT’s platform is rapidly adapting to this norm. Join us in this session as we explore the future of SWIFT interfaces including:
- our API ecosystem, both in the cloud and on-premise
- enhanced connectivity and consumption of new services
- how SWIFT customers, developers, or service providers can benefit from this evolution
The KYC process is a burden for everyone involved. It is time-consuming, repetitive and extremely costly. Corporates using the services of multiple banks face an uphill battle to comply with KYC. While there have been many proposed solutions, many have been unable to deal with the complexity and were not fit for purpose. Based on the success of the KYC Registry for Correspondent Banking, the same solutions are being extended to cover the needs of corporates and their banks. Join our session to discover the brand new offering for Corporates and to hear from peers who have joined forces and created an innovative industry solution.
Corporate requirements in cross-border payments have shot up due to the global expansion of many corporations and the associated complexity this brings. With new entrants in the cash management space, banks need to act fast to provide efficient and transparent cross-border payments. And SWIFT gpi responds to the needs of both parties. In this session:
- Find out how banks are extending the value of gpi to their corporate clients
- Hear directly from corporates already using gpi
- Learn how application providers are including the gpi offering in their treasury solutions
- Get a snapshot of our ambitious corporate roadmap, extending gpi value to the seller side.
Facing external competition and regulation, the securities services industry has invested heavily in adopting new technologies to increase operational efficiency and reduce cost. Among these technologies, APIs seem to have found a privileged space in the post-trade industry. Given the need for highly complex and dynamic communication between market participants, burgeoning data-based service offerings, and enduring pockets of inefficiency, the securities industry is ready to adopt APIs. Join this session to learn more about SWIFT’s initiatives to mutualise common API infrastructures and create API standards, all while helping market participants meet strict security and identity requirements.
SWIFT gpi has already revolutionised interbank financial transaction processing and, with the migration to ISO 20022 coming soon, gpi users will reap even more benefits. This migration is a critical element in continuing to build a more frictionless cross-border payments model. Join us in this session to discover how ISO 20022 and SWIFT gpi combine to improve risk management, enable the integration of data across business channels and services and enhance end-to-end payments data quality.
There's no getting around the fact that KYC requires significant investment in both manpower and cost. Some within the industry position utilities as the 'panacea' for all compliance woes, but to what extent is this true? With many providers exiting the market due to profitability challenges, and the need to deliver excellent customer content, it’s crucial to identify what it takes to succeed. We’ll give an overview of everything we've learned so far about successfully executing KYC and what it takes to make the KYC utility vision a success for banks. Join this session as we explore the costs, and benefits of investing in data collection, standardisation and verification.
Join this session to hear the latest from ISSA and the ISSA working group chairs. Andy Smith will describe how ISSA has linked with other industry entities and is focussing on producing a paper that considers cyber-attack incident management, recovery and resumption expectations from a broad custody chain/securities services perspective. Mark Gem will provide an update on the Financial Crime Compliance Principles roll out, and share the practical issues raised during this phase. Andrew Gray and Colin Parry will then conclude by highlighting the convergence of the risks topics that ISSA is focused on and sharing the immediate next steps and the future vision for ISSA.
SWIFT gpi Inbound tracking - Serving the supplier needs
gpi is successfully serving corporate buyers who are already enjoying the benefits of payment tracking and credit confirmations. Corporate sellers are now keen to see the benefits of increased payment visibility and efficiency on their side. Enter gpi inbound tracking. In addition to payment reconciliation enhancements, this new service will speed up the entire supply chain, while improving forecasting and enabling real-time cash management. In this session SWIFT, and a number of major corporates and gpi banks enabling this initiative, will discuss their ambitions and concrete plans to make gpi inbound tracking a reality before year-end.
Save time and money when onboarding new customers
Onboarding corporate customers can be a lengthy and complicated process - but it doesn’t have to be. Join this session to find out how SWIFT MyStandards and the Readiness Portal can significantly reduce the time and resources it takes to onboard your corporate customers.
SWIFT gpi: Looking to the future
Through SWIFT gpi, the world of cross-border payments has been transformed, delivering cost saving opportunities for banks, corporates and market infrastructures, whilst providing a platform for new innovative and customer-focused payments experiences. Our drive to grow the gpi community continues as we further invest to reduce friction and add new gpi services. We are also exploring how gpi can be leveraged to foster new business opportunities for you in securities, trade, FX and e-commerce, or with your small and medium sized enterprises. Join us for a deep-dive into your future.
SWIFT Standards: Upgrading to a faster and safer future of payments
Join this session to discover how our SWIFT Standards services help you to upskill, accelerate and reduce risks implied by the changing landscape of payments, including the migration to ISO 20022.
Alliance Cloud is the new cloud solution built on advanced technology and designed for financial institutions that require easy connection to SWIFT. In this session, find out how our Client Working Group consultations helped bring the solution to life.
The SWIFT Compliance Analytics portfolio helps institutions monitor and address financial crime risk by leveraging SWIFT traffic data. It helps identify possible anomalies in behaviour, unusual patterns or trends, hidden relationships, or consistently high levels of activity with high-risk countries and entities. Join this session to learn how Compliance Analytics enables the end-to-end investigation of unusual patterns by drilling down to the full transaction details of suspicious or alerted transactions.
Today, over 90% of cross-border payments sent via SWIFT gpi are processed end to end in less than 24 hours, and many in just seconds. Payments that take longer or are rejected are frequently due to inaccurate or missing beneficiary information. In this session, you will hear from a key pilot bank using the gpi pre-validation service, and gain insights into their API implementation journey, as well as the benefits unlocked by the service.
SWIFT gpi: Linking SWIFT gpi with trade platforms – The results
In this eagerly anticipated session, we'll be reporting back on the first key findings from our proof of concept linking SWIFT gpi with trade and ecommerce platforms. Featuring input from PoC participants, join us in the SWIFT Theatre to hear:
- Our solution to the challenges of end-to-end authentication, governance models and more
- The first results and user feedback from the PoC
- A live demo of the PoC
Break the chain: Cryptocurrencies and catching the bad guys
Cryptocurrencies are difficult to trace – while there are many potential benefits, they have created an opportunity for criminals and terrorists to exploit digital currencies for financing and money laundering. In order for AML and CTF strategies to be successful, cryptocurrencies must be more traceable. Join us for this session to learn about new technologies being used to search through the blockchain and zero in on illegal activity.
SWIFT gpi: Pay and trace – multi-bank tracking embedded in corporate treasury dashboards
Discover how gpi for corporates enables a seamless gpi experience across multiple banks. This deep-dive session will explore the multi-bank payment and tracking capabilities of a treasury payment application. Based on concrete examples and the insights of a large corporate user, you will see how gpi and this multi-bank solution have fundamentally changed the buyer – seller relationship.
Reference data: Streamlining your payment processes
Today in the financial and corporate world, millions of payments are sent across the world every day. However, despite incredible leaps in technology, a large number of messages are still rejected due to incompleteness or inconsistency in the data provided. To tackle this problem, the SWIFTRef payment processing solution offers an opportunity to reduce cost and risk as well as increase straight-through-processing of your payment transactions. Join us to discover how SWIFTRef simplifies the consumption of data (APIs, online, files) and how this solution fits your data needs.
Bangladesh Bank, 3 years on: Are we any safer?
In February 2016, Bangladesh Bank became the victim of an infamous cyberattack targeting the bank’s infrastructure, connected to the SWIFT network. What have we learned? Are things getting better or worse? Join us to discover:
- how malicious attackers are successfully breaching financial institutions, escalating privileges, conducting recon and carrying out high-value payments fraud
- the ways in which these attacks are evolving
- the evolutions of the victims, end beneficiaries, currencies, message types and amounts to better screen and defend against these attacks
Thursday 26 September
In many countries corporate sellers rely on their bank providers for a variety of domestic payment collection schemes to speed up and ease funds collection from their buyers. There is currently no standard for cross-border collection. In response to the growing demand from globally expanding businesses, we recently launched a proof-of-concept leveraging the gpi platform for this purpose. If cross-border payments collection is on your radar, come and learn more about this cross-border request to pay service. Corporates and banks will be on hand to share their experiences
The SWIFT Shared Infrastructure Programme (SIP) lays out legal and financial eligibility criteria, as well as operational and security requirements every Service Bureau must comply with in order to ensure reliable SWIFT connectivity for customers and counterparties alike. Key takeaways from this session include:
- an awareness of how SIP has evolved to adapt to changes in the cyber security risk landscape and to achieve harmonization with SWIFTs Customer Security Programme (CSP)
- the main observations of SIP from our compliance assessments
- key insights to the new SIP release planning, and the further evolution of the programme into 2020 and beyond
SWIFT gpi is the new standard in cross-border payments. When you sign up to gpi, you’ll benefit from an onboarding service that builds on SWIFT's Professional Services expertise. We work with you to define the best approach based on your organisation’s individual needs. Then, we provide end-to-end support throughout the entire onboarding journey. Join us for this interactive session to meet senior members of our global Professional Services team and learn how they can help you onboard gpi.
In collaboration with leading commercial banks, SWIFT is developing a new multi-bank digital identity solution. Join this session to hear how 3SKey will deliver an additional layer of security for corporate financial professionals and seamlessly operate from your smartphone to protect vital business data.
ISO 20022 Programme for Vendors
The adoption of ISO 20022 throughout the payments industry will deliver benefits to banks and their customers and regulators; but only if the systems they use are well adapted to the new language and protocol. This session is for the vendors of banking and payments systems, reconciliation systems, interfaces and integration solutions, and all ancillary products and services; hear about what information will be available to you and when, to enable you to plan your own ISO 20022 evolutions
Consuming APIs in a sustainable and frictionless manner
Join us to for a presentation to find out the lessons learned by SWIFT during the launch of Basic Tracker, g4C, KYC, SWIFTRef, SWIFTRef ADS and Prevalidation API Products.
Skilled individuals no longer seek only salary, security, and stability. Increasingly, workers of the next generation are seeking roles in which they can learn, make an impact, and find a purpose. As the world gets smaller, the workforce is demanding greater connectivity, opportunities to engage with different cultures, mindsets, and perspectives in order to learn from one another. Join us to hear how these trends are affecting recruiting and retention in Fintech and what the implications are for finding – and keeping - the right talent in a highly competitive labour pool.
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