In the course of the plenary and ROSSWIFT AGM, the main trends in the banking and securities markets which define the agenda will be covered. The participants will have an opportunity to learn about the results of SWIFT 2020 implementation and realization of ROSSWIFT strategy until 2020. During the AGM, ROSSWIFT Steering Committee will deliver its report and ROSSWIFT will summarize its activities for 2018. New Steering Committee and Audit Commission will be elected.
Almost 500 banks globally have successfully adopted and rolled out the high-speed, fully trackable SWIFT gpi cross-border payments service to their customers. In this session, we will provide the latest news on gpi adoption and traffic evolution, and we’ll set out the roadmap of new services and features to be introduced in the months to come. An expert panel will then debate what can be done to help smaller organisations deliver gpi benefits to their customers. In particular, we will discuss the role of local payment market infrastructures and how they can develop local gpi market practice to facilitate further gpi adoption, and what technology solutions providers can do to support the roll-out of new gpi services and features.
The migration of cross-border payment traffic to ISO 20022 will start in November 2021. This community migration, that will ensure that the same standard is used end-to end for international payments, will be facilitated by SWIFT and will affect all SWIFT users. During this session, we will explain the practical implications of adopting ISO 20022, share how SWIFT plans to facilitate the migration and explain what you need to do to be ready for the start of migration in November 2021.
While companies have significantly increased their spending on cyber security, the best technology cannot prevent your employees from unknowingly – or even maliciously – sharing their credentials, falling victim to social engineering attacks, being impersonated, or succumbing to blackmail. Join this session to hear four very different profiles – a bank security officer, a former social engineering hacker, a specialist in the human behaviour, and an insurer – discuss real-life scenarios that could happen to any of us and seriously threaten our organisations. Can the human element be managed just like any other risk with a bit of education and discipline, or will people always be the biggest intangible and the cause of the biggest headaches?
As we move towards compliance in a real-time world, AML, KYC and sanctions compliance will become even more challenging. Compliance and cybersecurity are becoming intrinsically linked, as cyber crime moves from individual-accounts fraud to institutional-payments fraud. High-quality data and analytics are also becoming an imperative for banks to improve efficiency and ensure greater transparency.
The need to future-proof compliance processes and respond appropriately to the risk of the evolving payments landscape more effectively are paramount for compliance professionals. We’ll discuss all this and more, giving you the insights and practical tools you need for your business to thrive. We will also introduce Payment Controls – our newest service that helps customers to protect themselves against fraud.