Sibos Corporate Programme

Enabling the digital economy

Sibos Corporate Programme

Sibos 2018, under the theme "Enabling the digital economy" takes place at the International Convention Centre in the iconic Sydney Harbour. We are inviting our clients to attend the corporate sessions on Wednesday 24 and Thursday 25 October.

Join us to explore the current industry developments and challenges faced by corporates and banks. Sessions will look at the latest in cross-border payments trade finance digitisation, the FinTech impact on trade and supply chains, the future of corporate banking, and the future of work and technology. The programme will also cover global standards in treasury and trade and corporate-to-bank connectivity innovations

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Why attend? 

Being the premier annual event for the financial services community, and connecting some 8,000 business leaders, Sibos is a tremendous opportunity for the corporate community to highlight the challenges faced on treasury and trade topics. 

Sign up now to:

  • Get a global view on the key topics facing your business across trade, finance, technology and geo-politics;

  • Influence the industry agenda and shape the future of payments and financial services through participation in treasury roundtables;

  • Meet all of your senior bank relationship managers in one place, and discuss your priorities and business requirements; 

  • Meet SWIFT experts and explore SWIFT’s portfolio of products and services for corporates at the SWIFTLab;

  • Visit the exhibition and discover the latest solutions from treasury, trade and ERP application and connectivity vendors.

What to expect from this year’s Corporate Programme

This year’s Corporate Programme spans over Wednesday 24 and Thursday 25 October and presents a selection of key themes from Corporate Treasury, Banking, Trade & Supply Chain Finance, innovations in cross-border payments, and the future of corporate banking as shaped by corporate treasurers and CFOs.

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Sessions on Wednesday 24 October

The sessions you don't want to miss

Label What When Where
Corporate Treasury - Networking

Welcome to Sibos - Corporate roundtable breakfast

A welcome and introduction to Sibos for Corporate Treasurers. This breakfast session is the ideal way to meet peers, the SWIFT team and orientate yourself to make the most of your time at Sibos.

Wednesday, 8:00 SWIFT Hub - Room C2.2
Payments Innovation & gpi

SWIFT gpi case study – A solution for every corporate

The SWIFT gpi corporate pilot programme has brought together banks and corporates to enhance the gpi experience for corporates that use multiple banks to send and receive cross-border payments.

 

Join us to hear from a major international corporate about how they are taking advantage of the increased speed, end-to-end tracking and fee transparency now offered by the many gpi banks they work with.

Wednesday, 8:45 - 09:15 SWIFT Hub - TheatreLab
Trade Finance

The Trade Finance drive towards digitisation
There has been unprecedented focus on digitisation of entire trade finance ecosystem across the banking industry. Countries are coming up with their digitised trade platforms and opportunities to collaborate now extend beyond the traditional trade finance players.

 

In a fast evolving landscape, what will the future of trade look like? Will we see emergence of multiple government driven trade platforms? How do banks and corporates respond to these developments? The importance of standards and a common language for trade finance gains even more importance in these times.

Wednesday, 9:45 Main Conference - Room 2
Payments Innovation & gpi

SWIFT gpi - Delivering value to multi-banked corporations 
Lead corporate banks are extending the value of gpi to their end-customers through their electronic banking channels. However, multi-banked corporations working with multiple financial institutions are requesting a single standard to integrate gpi information in the core of their treasury operations.

 

A group of international corporations and gpi cash management banks* have been working closely together over the last months to streamline the gpi experience for multi-banked corporates. Join this session to hear directly from the banks and corporates involved in this major joint project; the first concrete results and steps ahead to deliver a true multi-bank gpi solution.

 

(*) Airbus, Bank of America, BBVA, BNP Paribas, booking.com, Borealis, Citi, Deutsche Bank, Ping An, General Electric, IATA, , Intesa Sanpaolo, JP Morgan, LVMH, Microsoft, National Australia Bank, Roche, RTL, SMBC, Société Générale, Standard Chartered, UniCredit

Wednesday, 10:00 - 10:45 SWIFT Hub - Conference Room 1
Payments Innovation

Disruption in the Payments Landscape
New capabilities such as artificial intelligence, distributed ledger technology, APIs and instant payments are transforming the financial landscape. Other factors including the regulatory drive for open banking and consumer demand for real-time payments has led to the rise of FinTechs and new players in the industry, causing disruption in the once relatively unchanged payments sector. Unhindered by legacy systems and regulatory oversight, these new entrants have so far been more adept at harnessing these new technologies than the current payments market incumbents. But, are things about to change? Banks may face the challenge of agility, but history has proven that security, interoperability and standardisation are key to longevity.

 

In this session payment industry leaders who have embraced these new technologies and introduced innovative payment schemes in their domestic markets, will explain the strategic role they hope to play in shaping and developing a more secure, efficient, transparent and frictionless payments landscape.

Wednesday, 11:00 Plenary
Innovation

Lunch & Learn: Cryptocurrencies & Blockchain
In these daily Lunch & Learn sessions you will hear from professionals as they provide a brief overview of topics impacting the global financial industry. Today’s topic is all about cryptocurrencies and blockchain. Lunch will be provided so you can eat while you learn.

 

What are cryptocurrencies and what does blockchain have to do with it? How will cryptocurrencies and the blockchain technology change the banking landscape? Join Bitcoin experts, Professor Dirk Baur and Dr Adrian Lee, as they explain what cryptocurrencies and blockchain mean for the future of finance. Bitcoin is a blockchain-based peer-to-peer cash system that does not require a middleman, e.g. a financial intermediary. Consequently, the underlying technology - blockchain - may change and disrupt banking and finance as we know it. In addition, the decentralized and (global) distributed nature of cryptocurrencies poses a challenge to traditional (local) regulation and may open up markets.

 

The session will provide an introduction into the blockchain technology and major cryptocurrencies (e.g. Bitcoin, Ethereum, Ripple, among others) and set the basis for a more informed discussion about the benefits and costs of the use of cryptocurrencies and the blockchain technology. Specific examples will demonstrate the potential for disruption.

Wednesday, 12:15 SWIFT Institute
Payments Innovation & gpi

An opportunity to make cross-border payments real-time 
As evidenced on a daily basis, gpi payments are quick – very quick – typically minutes or even seconds direct to the beneficiary. With more and more countries now offering domestic real-time payments, there is great impetus for global instant cross-border payments. This is why SWIFT recently kicked-off an initiative to explore how gpi payments could be accelerated even further, in particular through the use of domestic instant payments systems to settle the final leg.

 

Join this session to understand the status of our ambition to build a truly global real-time payments experience to the benefit experience to the benefit of your retail customers.

Wednesday, 12:30 SWIFT Hub - Conference Room 1
Corporate Treasury, Banking & Technology

Service matters – how can banks better serve corporate on the seller-side? 
Corporations – large or small – rely on the smooth running of their cross-border payments as a key enabler for their international business. However most of today’s new services such as improved tracking of payments and payer credit confirmation has meant that the buyer has reaped most of the benefits. Join us as we discuss the banks role in helping to rebalance the value-add to the corporate seller through services such as advanced visibility on incoming payments and requests for payments, helping a corporate supplier to optimise their liquidity, speed up their supply chain and significantly ease reconciliation. This session aims to explore many of the challenges faced by corporate suppliers and the role banks can play to help reshape corporate international payments.

Wednesday, 14:00 - 15:00 SWIFT Hub - Conference Room 4
Corporate Treasury, Banking & Technology

Re-imagining bank partnerships: The impact of open-banking for corporate treasury
New technology and open banking is driving a digital transformation in the corporate to bank landscape. This transformation is changing bank business models and creating a rich ecosystem of third party solution providers that will help treasurers address their key industry challenges in ways that have so far been unimaginable. And yet, treasurers will have to leverage those opportunities in a world where cyber-threat, regulation and the need for agility are only increasing.

 

In this treasury panel session we’ll hear about how treasurers from leading multinationals are navigating this new world and how new technology and open banking is shaping the bank partnership of the future.

Wednesday, 15:30 Main Conference - Room 2
Payments Innovation & gpi

SWIFT gpi case study – Grasping gpi benefits as a multi-bank corporate
Banks are enhancing their digital channels to deliver the full value of gpi to their customers. For global corporates operating with multiple banks, a consistent banking experience is a must.

 

In this session a major multi-national corporate using SAP will demonstrate how they have integrated gpi flows from multiple banks into their ERP system, and how this has simplified cross-border payment processes in their treasury operations.

Wednesday, 16:45 - 17:15 SWIFT Hub - TheatreLab
Corporate Treasury - Networking SWIFT for Corporates  and MyStandards Cocktail - upon invitation
Join the SWIFT for Corporates team as we celebrate over 2,000 corporate groups using SWIFT.
Wednesday 17:00 Harbourside café, Level 2
Label What When Where
Corporate Treasury - Networking

Welcome to Sibos - Corporate roundtable breakfast

A welcome and introduction to Sibos for Corporate Treasurers. This breakfast session is the ideal way to meet peers, the SWIFT team and orientate yourself to make the most of your time at Sibos.

Wednesday, 8:00 SWIFT Hub - Room C2.2
Payments Innovation & gpi

SWIFT gpi case study – A solution for every corporate

The SWIFT gpi corporate pilot programme has brought together banks and corporates to enhance the gpi experience for corporates that use multiple banks to send and receive cross-border payments.

 

Join us to hear from a major international corporate about how they are taking advantage of the increased speed, end-to-end tracking and fee transparency now offered by the many gpi banks they work with.

Wednesday, 8:45 - 09:15 SWIFT Hub - TheatreLab
Trade Finance

The Trade Finance drive towards digitisation
There has been unprecedented focus on digitisation of entire trade finance ecosystem across the banking industry. Countries are coming up with their digitised trade platforms and opportunities to collaborate now extend beyond the traditional trade finance players.

 

In a fast evolving landscape, what will the future of trade look like? Will we see emergence of multiple government driven trade platforms? How do banks and corporates respond to these developments? The importance of standards and a common language for trade finance gains even more importance in these times.

Wednesday, 9:45 Main Conference - Room 2
Payments Innovation & gpi

SWIFT gpi - Delivering value to multi-banked corporations 
Lead corporate banks are extending the value of gpi to their end-customers through their electronic banking channels. However, multi-banked corporations working with multiple financial institutions are requesting a single standard to integrate gpi information in the core of their treasury operations.

 

A group of international corporations and gpi cash management banks* have been working closely together over the last months to streamline the gpi experience for multi-banked corporates. Join this session to hear directly from the banks and corporates involved in this major joint project; the first concrete results and steps ahead to deliver a true multi-bank gpi solution.

 

(*) Airbus, Bank of America, BBVA, BNP Paribas, booking.com, Borealis, Citi, Deutsche Bank, Ping An, General Electric, IATA, , Intesa Sanpaolo, JP Morgan, LVMH, Microsoft, National Australia Bank, Roche, RTL, SMBC, Société Générale, Standard Chartered, UniCredit

Wednesday, 10:00 - 10:45 SWIFT Hub - Conference Room 1
Payments Innovation

Disruption in the Payments Landscape
New capabilities such as artificial intelligence, distributed ledger technology, APIs and instant payments are transforming the financial landscape. Other factors including the regulatory drive for open banking and consumer demand for real-time payments has led to the rise of FinTechs and new players in the industry, causing disruption in the once relatively unchanged payments sector. Unhindered by legacy systems and regulatory oversight, these new entrants have so far been more adept at harnessing these new technologies than the current payments market incumbents. But, are things about to change? Banks may face the challenge of agility, but history has proven that security, interoperability and standardisation are key to longevity.

 

In this session payment industry leaders who have embraced these new technologies and introduced innovative payment schemes in their domestic markets, will explain the strategic role they hope to play in shaping and developing a more secure, efficient, transparent and frictionless payments landscape.

Wednesday, 11:00 Plenary
Innovation

Lunch & Learn: Cryptocurrencies & Blockchain
In these daily Lunch & Learn sessions you will hear from professionals as they provide a brief overview of topics impacting the global financial industry. Today’s topic is all about cryptocurrencies and blockchain. Lunch will be provided so you can eat while you learn.

 

What are cryptocurrencies and what does blockchain have to do with it? How will cryptocurrencies and the blockchain technology change the banking landscape? Join Bitcoin experts, Professor Dirk Baur and Dr Adrian Lee, as they explain what cryptocurrencies and blockchain mean for the future of finance. Bitcoin is a blockchain-based peer-to-peer cash system that does not require a middleman, e.g. a financial intermediary. Consequently, the underlying technology - blockchain - may change and disrupt banking and finance as we know it. In addition, the decentralized and (global) distributed nature of cryptocurrencies poses a challenge to traditional (local) regulation and may open up markets.

 

The session will provide an introduction into the blockchain technology and major cryptocurrencies (e.g. Bitcoin, Ethereum, Ripple, among others) and set the basis for a more informed discussion about the benefits and costs of the use of cryptocurrencies and the blockchain technology. Specific examples will demonstrate the potential for disruption.

Wednesday, 12:15 SWIFT Institute
Payments Innovation & gpi

An opportunity to make cross-border payments real-time 
As evidenced on a daily basis, gpi payments are quick – very quick – typically minutes or even seconds direct to the beneficiary. With more and more countries now offering domestic real-time payments, there is great impetus for global instant cross-border payments. This is why SWIFT recently kicked-off an initiative to explore how gpi payments could be accelerated even further, in particular through the use of domestic instant payments systems to settle the final leg.

 

Join this session to understand the status of our ambition to build a truly global real-time payments experience to the benefit experience to the benefit of your retail customers.

Wednesday, 12:30 SWIFT Hub - Conference Room 1
Corporate Treasury, Banking & Technology

Service matters – how can banks better serve corporate on the seller-side? 
Corporations – large or small – rely on the smooth running of their cross-border payments as a key enabler for their international business. However most of today’s new services such as improved tracking of payments and payer credit confirmation has meant that the buyer has reaped most of the benefits. Join us as we discuss the banks role in helping to rebalance the value-add to the corporate seller through services such as advanced visibility on incoming payments and requests for payments, helping a corporate supplier to optimise their liquidity, speed up their supply chain and significantly ease reconciliation. This session aims to explore many of the challenges faced by corporate suppliers and the role banks can play to help reshape corporate international payments.

Wednesday, 14:00 - 15:00 SWIFT Hub - Conference Room 4
Corporate Treasury, Banking & Technology

Re-imagining bank partnerships: The impact of open-banking for corporate treasury
New technology and open banking is driving a digital transformation in the corporate to bank landscape. This transformation is changing bank business models and creating a rich ecosystem of third party solution providers that will help treasurers address their key industry challenges in ways that have so far been unimaginable. And yet, treasurers will have to leverage those opportunities in a world where cyber-threat, regulation and the need for agility are only increasing.

 

In this treasury panel session we’ll hear about how treasurers from leading multinationals are navigating this new world and how new technology and open banking is shaping the bank partnership of the future.

Wednesday, 15:30 Main Conference - Room 2
Payments Innovation & gpi

SWIFT gpi case study – Grasping gpi benefits as a multi-bank corporate
Banks are enhancing their digital channels to deliver the full value of gpi to their customers. For global corporates operating with multiple banks, a consistent banking experience is a must.

 

In this session a major multi-national corporate using SAP will demonstrate how they have integrated gpi flows from multiple banks into their ERP system, and how this has simplified cross-border payment processes in their treasury operations.

Wednesday, 16:45 - 17:15 SWIFT Hub - TheatreLab
Corporate Treasury - Networking SWIFT for Corporates  and MyStandards Cocktail - upon invitation
Join the SWIFT for Corporates team as we celebrate over 2,000 corporate groups using SWIFT.
Wednesday 17:00 Harbourside café, Level 2

Sessions on Thursday 25 October

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Label What When Where
 Leadership

Open Source Leadership: Leading in a Tech & Millennial Age
The world’s largest taxi company owns no cars; and employs no drivers directly. The world’s largest hotel service owns no properties and employs no housekeeping or room service staff. Communication has been whatsapped, memories instagrammed, and life itself facebooked. Almost everything we knew as normal in both business and social life has changed dramatically just in the last 15 years.

 

We now live and work in the open source age of 24/7 connectivity where knowledge is free and abundant; everyone is empowered and everything is totally transparent. Yet, many large companies still use management and leadership practices designed in the industrial age when knowledge was at a premium and individuals had far fewer livelihood choices. It’s time to challenge the holy grails and debunk some myths.

 

Based on a research study spanning 28 countries, which was published in the book Open Source Leadership by McGraw-Hill in October 2017, this session will challenge conventional wisdom on many fronts. Among other issues it will argue convincingly that “positive autocracy” must replace democratic leadership; talent and innovation are abundant not scarce; early identification of high-potentials is counter-productive; and setting employees free to do as little as they want will increase productivity. We have 100 copies of Rajeev’s book, Open Source Leadership, to give away. Rajeev will be available after his lecture to autograph copies.

Thursday, 9:45 SWIFT Hub - Conference Room 2
Corporate Treasury, Banking & Technology

How do we solve the identity crisis in a digital world?
We’ve reached the age where identity theft and 100M+ record mega-breeches aren’t shocking anymore. Aside from human error, the problem lies with malicious attackers, insiders or third-parties getting access to sensitive data where they shouldn’t. Digital identity is at crisis point and we need a holistic approach.

 

However, protecting data AND integrating old-tech legacy with new-tech APIs AND providing access control AND replacing passwords (that we forget) with risk-based authentication, will not be easy. When will we be able to trust service operators to provide convenience AND security? Cloud solutions? Standards? Will the market resolve itself and provide interoperability between public and private sector approaches?

Thursday, 9:45 Main Conference - Room 1
Payments Innovation & gpi

Public workshop: Unveiling cross-border payment requirements on the seller side
With more and more banks embedding gpi ‘track & trace’ capabilities in their banking portals, the transformation of cross-border payments has already brought significant benefits to corporate treasury operations on the buyer side. Yet this leaves corporates on the supplier side watching these gpi developments with envy as they continue to struggle with cross-border payment challenges in reconciliation, international collections and liquidity management. So what exactly are the needs of corporate sellers? And how can we leverage the gpi platform and tracker to respond to them? In this workshop five multi-national corporations will share their wish-list to transform international payments for the benefit of sellers.

Thursday, 9:45 - 10:45  
Reference data The future of Reference Data for treasurers
Centralisation, standardisation and automation of treasury processes and workflows are extremely important for the success of multinational companies. When it comes to processing international payments, the same three pillars need to be the basis for good procedures definition and to ultimately remain competitive. Join our session to discover the SWIFTRef offering for Corporates and how it helps increasing operational efficiency and hear about the solution’s coming evolution including an increased API offering.
Thursday, 10:15 - 10:45 SWIFT Hub Theatre L2
Innovation

The Rise of Asia as a source of innovation
Financial institutions in emerging markets are introducing innovative solutions faster than their peers in more developed markets. Advances in FinTech make it easier, quicker and cheaper for them to accurately assess customer behaviour, needs and risks, thereby opening the door to new business models. Asia Pacific’s booming e-commerce and vast migration of middle-classes are giving rise to new financial services products to meet demand for coverage and risk appetite – digital inclusion has now outpaced and effectively substituted financial inclusion.

 

This panel will unearth what’s happening here in Asia Pacific, why it’s more pervasive here and decipher the impact on financial services across the next decade.

Thursday, 11:00 SWIFT Hub - Conference Room 2
Corporate Treasury, Banking & Technology SWIFT for Corporates un-wrapped - Solving multi-banking challenges for Corporate Treasury
SWIFT actively works with the banking industry and corporate treasury community to solve challenges in dealing with multiple banks.   Cash management, treasury automation, standardisation, security, KYC, payments and on-boarding are all areas where SWIFT has worked collaboratively with the industry in an attempt to solve key challenges.   In this session for corporate treasurers you will learn about specific challenges that SWIFT has successfully addressed and how the portfolio of services has evolved with the industry over time to now serve over 2,000 corporate groups globally.  This session will be hosted by the head of SWIFT for Corporates and a sandwich lunch will be served.  Due to limited spaces, pre-registration is recommended. Speak to your SWIFT contact person for details.
Thursday, 12:15 - 13:45 SWIFT Hub - Room C2.4
Innovation

Lunch & Learn: So…what is Artificial Intelligence (AI)?
In these daily Lunch & Learn sessions you will hear from experts as they provide a brief overview of topics impacting the global financial industry. Today’s topic is all about artificial intelligence, or AI. Lunch will be provided so you can eat while you learn.

 

The advent of digital technologies like automation and computerised systems has changed our environment substantially by providing enormous amounts of data. How can AI help us to make the most of this new digital era? Apart from the public perception of science fiction-like applications of AI such as robots, AI has a lot of practical applications with the aim of reducing costs, increasing benefits, optimising resource usages and improving the accuracy of decisions. These aims can be achieved in a range of business functions from marketing, sales and supply chain management to product development, human resources and public services.

 

After a brief general introduction to AI, demystifying some common concepts, e.g. explaining differences between ‘automation’ and ‘intelligence’, Professor Aickelin, Head of the School of Computing and Information Systems at the University of Melbourne, will outline three of the most common AI methods in Fintech - evolutionary computation, neural networks and clustering. Evolutionary computation gets inspiration from natural evolution and adaptation processes where a random set of feasible solutions is generated. This initial set iteratively updates by removing less desired solutions and producing new solutions stochastically. The iterative process continues to find the best value for the objective function. Neural networks are AI systems inspired by the way neurons interact in the brain. They need high computer processing power and large sets of data to analyse different input data such as image, video and speech. Modern neural networks are referred to as ‘deep learning’. Clustering is an unsupervised AI technique to group observations in different subsets based on their characteristics. In clustering, grouping occurs in a way that items among each group are similar while the groups are distant.

 

Professor Aickelin’s talk will conclude with a look at some recent relevant legislation around data and privacy in Europe and what consequences this may have on the use of AI. For instance, what does it mean if algorithms have to be ‘explainable’ in the future?

Thursday, 12:15 SWIFT Hub - Conference Room 2
Corporate Banking

Bridging the gap between Corporates and Banks - SWIFT Standardised Corporate Environment (SCORE)

Join us at this session to learn about leveraging swift to grow your corporate business. This session will highlight why treasurers are joining SWIFT and how banks can maximise this channel and the associated value added services to unlock new business opportunities and support growth.   Over 2000 corporate groups -including nearly 50% of the global fortune 500 companies -have joined SWIFT for Corporates leveraging standardised corporate to bank communications in a secure and reliable environment. The reach of the SWIFT network is unrivalled and spans the globe with almost five new corporate groups joining every week.

 

This session is supported by Deloitte who will launch their independent study on the ways that corporates are choosing to connect to SWIFT and the cost implications of each.  This “cost of SWIFT’ study leverages insights obtained through corporate treasury interviews and is designed to support other treasurers exploring SWIFT as a multi-banking communication channel for their cash management or trade finance flows.

 

Places are limited, please register your interest by emailing directly to swiftforcorporates@swift.com.

Thursday, 13:45 - 15:15 SWIFT Hub - Room C2.6 - Level 2
Label What When Where
 Leadership

Open Source Leadership: Leading in a Tech & Millennial Age
The world’s largest taxi company owns no cars; and employs no drivers directly. The world’s largest hotel service owns no properties and employs no housekeeping or room service staff. Communication has been whatsapped, memories instagrammed, and life itself facebooked. Almost everything we knew as normal in both business and social life has changed dramatically just in the last 15 years.

 

We now live and work in the open source age of 24/7 connectivity where knowledge is free and abundant; everyone is empowered and everything is totally transparent. Yet, many large companies still use management and leadership practices designed in the industrial age when knowledge was at a premium and individuals had far fewer livelihood choices. It’s time to challenge the holy grails and debunk some myths.

 

Based on a research study spanning 28 countries, which was published in the book Open Source Leadership by McGraw-Hill in October 2017, this session will challenge conventional wisdom on many fronts. Among other issues it will argue convincingly that “positive autocracy” must replace democratic leadership; talent and innovation are abundant not scarce; early identification of high-potentials is counter-productive; and setting employees free to do as little as they want will increase productivity. We have 100 copies of Rajeev’s book, Open Source Leadership, to give away. Rajeev will be available after his lecture to autograph copies.

Thursday, 9:45 SWIFT Hub - Conference Room 2
Corporate Treasury, Banking & Technology

How do we solve the identity crisis in a digital world?
We’ve reached the age where identity theft and 100M+ record mega-breeches aren’t shocking anymore. Aside from human error, the problem lies with malicious attackers, insiders or third-parties getting access to sensitive data where they shouldn’t. Digital identity is at crisis point and we need a holistic approach.

 

However, protecting data AND integrating old-tech legacy with new-tech APIs AND providing access control AND replacing passwords (that we forget) with risk-based authentication, will not be easy. When will we be able to trust service operators to provide convenience AND security? Cloud solutions? Standards? Will the market resolve itself and provide interoperability between public and private sector approaches?

Thursday, 9:45 Main Conference - Room 1
Payments Innovation & gpi

Public workshop: Unveiling cross-border payment requirements on the seller side
With more and more banks embedding gpi ‘track & trace’ capabilities in their banking portals, the transformation of cross-border payments has already brought significant benefits to corporate treasury operations on the buyer side. Yet this leaves corporates on the supplier side watching these gpi developments with envy as they continue to struggle with cross-border payment challenges in reconciliation, international collections and liquidity management. So what exactly are the needs of corporate sellers? And how can we leverage the gpi platform and tracker to respond to them? In this workshop five multi-national corporations will share their wish-list to transform international payments for the benefit of sellers.

Thursday, 9:45 - 10:45  
Reference data The future of Reference Data for treasurers
Centralisation, standardisation and automation of treasury processes and workflows are extremely important for the success of multinational companies. When it comes to processing international payments, the same three pillars need to be the basis for good procedures definition and to ultimately remain competitive. Join our session to discover the SWIFTRef offering for Corporates and how it helps increasing operational efficiency and hear about the solution’s coming evolution including an increased API offering.
Thursday, 10:15 - 10:45 SWIFT Hub Theatre L2
Innovation

The Rise of Asia as a source of innovation
Financial institutions in emerging markets are introducing innovative solutions faster than their peers in more developed markets. Advances in FinTech make it easier, quicker and cheaper for them to accurately assess customer behaviour, needs and risks, thereby opening the door to new business models. Asia Pacific’s booming e-commerce and vast migration of middle-classes are giving rise to new financial services products to meet demand for coverage and risk appetite – digital inclusion has now outpaced and effectively substituted financial inclusion.

 

This panel will unearth what’s happening here in Asia Pacific, why it’s more pervasive here and decipher the impact on financial services across the next decade.

Thursday, 11:00 SWIFT Hub - Conference Room 2
Corporate Treasury, Banking & Technology SWIFT for Corporates un-wrapped - Solving multi-banking challenges for Corporate Treasury
SWIFT actively works with the banking industry and corporate treasury community to solve challenges in dealing with multiple banks.   Cash management, treasury automation, standardisation, security, KYC, payments and on-boarding are all areas where SWIFT has worked collaboratively with the industry in an attempt to solve key challenges.   In this session for corporate treasurers you will learn about specific challenges that SWIFT has successfully addressed and how the portfolio of services has evolved with the industry over time to now serve over 2,000 corporate groups globally.  This session will be hosted by the head of SWIFT for Corporates and a sandwich lunch will be served.  Due to limited spaces, pre-registration is recommended. Speak to your SWIFT contact person for details.
Thursday, 12:15 - 13:45 SWIFT Hub - Room C2.4
Innovation

Lunch & Learn: So…what is Artificial Intelligence (AI)?
In these daily Lunch & Learn sessions you will hear from experts as they provide a brief overview of topics impacting the global financial industry. Today’s topic is all about artificial intelligence, or AI. Lunch will be provided so you can eat while you learn.

 

The advent of digital technologies like automation and computerised systems has changed our environment substantially by providing enormous amounts of data. How can AI help us to make the most of this new digital era? Apart from the public perception of science fiction-like applications of AI such as robots, AI has a lot of practical applications with the aim of reducing costs, increasing benefits, optimising resource usages and improving the accuracy of decisions. These aims can be achieved in a range of business functions from marketing, sales and supply chain management to product development, human resources and public services.

 

After a brief general introduction to AI, demystifying some common concepts, e.g. explaining differences between ‘automation’ and ‘intelligence’, Professor Aickelin, Head of the School of Computing and Information Systems at the University of Melbourne, will outline three of the most common AI methods in Fintech - evolutionary computation, neural networks and clustering. Evolutionary computation gets inspiration from natural evolution and adaptation processes where a random set of feasible solutions is generated. This initial set iteratively updates by removing less desired solutions and producing new solutions stochastically. The iterative process continues to find the best value for the objective function. Neural networks are AI systems inspired by the way neurons interact in the brain. They need high computer processing power and large sets of data to analyse different input data such as image, video and speech. Modern neural networks are referred to as ‘deep learning’. Clustering is an unsupervised AI technique to group observations in different subsets based on their characteristics. In clustering, grouping occurs in a way that items among each group are similar while the groups are distant.

 

Professor Aickelin’s talk will conclude with a look at some recent relevant legislation around data and privacy in Europe and what consequences this may have on the use of AI. For instance, what does it mean if algorithms have to be ‘explainable’ in the future?

Thursday, 12:15 SWIFT Hub - Conference Room 2
Corporate Banking

Bridging the gap between Corporates and Banks - SWIFT Standardised Corporate Environment (SCORE)

Join us at this session to learn about leveraging swift to grow your corporate business. This session will highlight why treasurers are joining SWIFT and how banks can maximise this channel and the associated value added services to unlock new business opportunities and support growth.   Over 2000 corporate groups -including nearly 50% of the global fortune 500 companies -have joined SWIFT for Corporates leveraging standardised corporate to bank communications in a secure and reliable environment. The reach of the SWIFT network is unrivalled and spans the globe with almost five new corporate groups joining every week.

 

This session is supported by Deloitte who will launch their independent study on the ways that corporates are choosing to connect to SWIFT and the cost implications of each.  This “cost of SWIFT’ study leverages insights obtained through corporate treasury interviews and is designed to support other treasurers exploring SWIFT as a multi-banking communication channel for their cash management or trade finance flows.

 

Places are limited, please register your interest by emailing directly to swiftforcorporates@swift.com.

Thursday, 13:45 - 15:15 SWIFT Hub - Room C2.6 - Level 2

 

Join us at Sibos and experience the premier annual event for the financial services community in Sydney!

If you are interested in having more information about the Sibos Corporate Programme, please drop us an e-mail at swiftforcorporates@swift.com, or subscribe to the Global Corporates Newsletter to receive regular updates on the event.

 

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