SWIFT Business Forum Warsaw 2019
SWIFT Business Forum Warsaw
This session will be introduced by Ann Borestam, Adviser, Market Infrastructure and Payments, ECB
The EU payments landscape is transforming at a rapid pace and the payments industry faces growing challenges and impacts.
Changes in consumer behaviours, the move towards instant payments, regulators pushing towards open banking models, compliance pressure and technology disruptions are shaking up the retail, corporate and correspondent banking businesses. While the challenges are many, there are signs that the industry is facing them head-on, developing a new, more innovative and dynamic payments landscape.
This panel session will give you an overview of what is happening in the EU payments landscape and how all of this is affecting the Polish market.
With SWIFT gpi, the global payments innovation service, SWIFT, together with its banking community, is setting a new standard in cross-border payments. 486 gpi banks are live today, covering 148 currencies. One million cross-border payments, worth $300 billion are now sent daily with gpi across 1200+ country corridors, enabling payments to be credited to end beneficiaries within minutes - many within seconds. In this panel session, we will explore with live gpi banks how SWIFT gpi is transforming the cross-border payments landscape.
In this session, we will look at how new technologies such as artificial intelligence, distributed ledger technology and APIs are transforming the payments industry worldwide. We will run through what SWIFT is doing in these different areas and update you on the latest Proof-of-Concept work that we have underway.
Cyber-attacks continue to evolve and are becoming more frequent and widespread. Attackers are improving their tactics, and their methods grow more sophisticated each year. The cyber threat landscape continues to evolve. The criminals are smart and sophisticated and the attacks are sophisticated, and with Advance Persistent Threat (APT) cyber-attacks, virtually anybody could be a target. For SWIFT customers, there is a clear and present danger from a small number of sophisticated and well-funded threat actor groups. This session outlines the evolving cyber security landscape, the methods of attack, progress on the Customer Security Programme, and pragmatic steps to better protect your organisation.
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 what the benefits are for the Polish banking community.