Enabling the digital economy
Thanks for attending the 26th edition of the SWIFT African Regional Conference (ARC) which took place on 18-20 June 2019 in Accra, Ghana.
This year’s event was the largest ARC yet, gathering more than 600 participants from 55 countries in Accra, Ghana, to talk about the future of Africa’s financial services sector.
Discussions over three days focused on the drivers of change in Africa’s financial sector including emerging technologies, increasing regulatory pressure and new competitors entering the scene, how the financial industry is delivering change to customers and finally how institutions are managing change in this increasingly digitised world.
We also held the first ever SWIFT Africa-China summit, bringing together more than 120 delegates from across Africa and China.
SWIFT’s 26th African Regional Conference
This year’s agenda looked at how Africa’s financial industry is evolving.
The international payments landscape is undergoing significant change as disruptive technologies enter the payments market and put pressure on traditional banking practices. Regulatory scrutiny around KYC and AML and changes in consumer and client behaviour are also forcing the industry to review traditional banking models.
Day one at ARC looked at what’s driving change in Africa’s financial industry.
Stimulated by technological growth and new entrants, the world of international payments is experiencing considerable pressure for change. The banking sector is facing these challenges head-on, developing a new, more innovative and dynamic payments landscape.
Day two looked at the tools that the financial industry is developing to deliver change to customers.
Managing risk in financial institutions has never been more complex. As cyber-attacks continue to evolve and increase in frequency and sophistication, cyber security has become a major area of attention and investment.
Complying with the large number of global regulations that aim to combat money laundering and terrorist financing is also a challenge for the industry, both in terms of costs and resources.
Our final day at ARC looked at how financial instructions are managing risk in an increasingly digitised world.