Conference programme 2015

 

Monday 12 October

09:00 - 09:45 CR2

Global trends in regulated securities markets: How to return to a path of growth?

Securities

The rapidly changing regulatory landscape is forcing the industry to refocus on the basics of the profitability quest. Whilst complying with regulation remains a major concern, new realities are forcing financial institutions to re-evaluate their operational strategies and make permanent changes to their business models. This session will focus on whether outsourcing, collaboration, innovation and strategic partnerships can help the industry to return to a path of growth?

Speakers

Tim Lind, Global Head of Regulatory Solutions, Thomson Reuters
Marc Robert-Nicoud, CEO, Clearstream Holding AG
Satvinder Singh, Global Head of Institutional Cash & Securities Services, Deutsche Bank
William Mak, Head of Asia Pacific Region, Northern Trust
Christopher Rowland, Managing Director Product Executive J.P.Morgan's Custody Business, J.P.Morgan
Jose Placido, Global Head of Client Development and Strategy, BNP Paribas Securities Services

 

09:00 - 09:45 SF

How does ISO 20022 enable innovation in Asia Pacific?

Standards Forum

With Sibos taking place in Singapore, the standards landscape in Asia Pacific takes centre stage. ISO 20022 is hot and happening in Asia Pacific, with an increasing number of local and regional payments and securities initiatives using the standard to underpin industry transformation. Join this session to hear up-close-and-personal how Thailand, India, Singapore and the Asean +3 Bond Market Forum are using ISO 20022 to offer new services to their communities.

Speakers

Alexandre Kech, Securities Market Infrastructure APAC, SWIFT
Dr.Gordon R. Clarke, Senior consultant in payment systems and banking technology, AMBD
Tinku Gupta, ‎Senior Vice President, SGX
Satoru Yamadera, Principal Financial Sector Specialist, Asian Development Bank
Ketprom Urachada, Director of Standard Office, Electronic Transactions Development Agency
Ganesh Iyer, Chief General Manager, Reserve Bank of India

 

09:00 - 09:45 CR3

Technology trends in financial services

Technology Forum

The technology landscape is evolving rapidly and emerging technologies introduce many unknown variables. Join this session to hear about the latest and most impacting technology trends shaping the financial industry.

Speakers

Lawrence Freeborn, Senior Research Analyst, IDC Financial Insights
Stephan Mueller, Group CIO and Divisional Board Member - Group Information Technology, Commerzbank AG
Susan Hwee, Managing Director & Head, Group Technology & Operations, UOB
Rashik Parmar, Lead IBM Cloud Advisor - Europe. IBM Distinguished Engineer, Past President, IBM Academy of Technology, IBM

 

09:00 - 09:45 CR4

Figuring out innovation in the evolution of global payments

Community

The global payments ecosystem is undergoing dynamic changes that are being driven by increasingly disintermediated banks, innovation-conscious start-ups, millennials and VC’s. This panel of industry experts will lead a discussion with the audience to draw out the challenges caused by the changing nature of global payments: disruption, changing protocols, real-time payments, using of the blockchain to overlay on legacy infrastructure, and the regulatory underpinnings. Which players appear to have “figured it out”?!

Speakers

Leo Lipis, Board Member / CEO / CFO, Lipis Advisors
Casey Wilcox, Managing Director/ Director / EVP, Earthport
Mary Ann Francis, Vice President/ Functional Head, Wipro
Nilesh Dusane, Vice President/ Functional Head, Ripple

 

09:00 - 09:45 CR5

Real-time payments and ISO 20022 - Update on global collaboration work to ensure business interoperability and improve functionality for users

Community

A global initiative is underway to harmonise the use of ISO 20022 for Real Time Payment systems development. This session will explain the work of the group, progress to date and the challenges faced by market infrastructures and participants; business opportunities; addressing the mobile/digital world of the users of retail faster payment systems.

Speakers

Stig Korsgaard, Vice President/ Functional Head, Nets
Roy DeCicco, Board Chairman, ASC X9 / Managing Director, J.P.Morgan
Liz Oakes, Associate Director, Management Consulting - Senior Leader for Payments, KPMG
James Whittle, Director of Industry Policy, Payments UK

 

09:00 - 09:50 CR1

Market Infrastructures Forum Opening

Market Infrastructures Forum

Welcome and opening of the Market Infrastructures Forum by Alain Raes, Chief Executive EMEA and Asia Pacific, followed by a panel discussion on whether MIs are meeting their client needs. Are they adapting timely to new technologies allowing their clients to be innovative and address some of the competitive threats from new entrants? Should they take on more responsibilities centrally to ease the overall burden for their members/community, for example, in the regulatory reporting/compliance space?

Speakers

Dominic Hobson, Founder, COOConnect
Calvin Tai, Head of Global Clearing (Asia), Hong Kong Exchanges and Clearing Limited
Ian Banks, Head of Securities Services - Asia Pacific, HSBC
Paul Lahiff, Chairman, New Payments Platform Australia
A P Hota, Managing Director & CEO, National Payments Corporation of India

 

09:15 - 10:00 INN

Innotribe week opening

Innotribe

Innotribe has provided powerful insights on innovation to our community since 2009, highlighting the emerging trends poised to transform the financial services industry. Join this session to get a sense of what Innotribe will bring you this year, covering topics such as platforms, innovation mind-shift and machine intelligence, and delivering thought-provoking content designed to challenge perceptions. We will also introduce you to our 2016 plans, giving you an update on existing initiatives and promoting new ones. This will be in the format of an interactive and facilitated conversation between our speakers, the audience and thought-leaders.

Speakers

Kevin Johnson, Innotribe Startup Challenge Manager, SWIFT
Fabian Vandenreydt, Head of Markets Management, Innotribe, the SWIFT Institute and Partner Mgmt, SWIFT
Christopher Wasden, Executive Director, The Sorenson Center for Discovery & Innovation at the University of Utah

 

10:00 - 10:15 SF

Opening of the Standards Forum

Standards Forum

Join us for the official opening of the Standards Forum, where more than ever, standards mean business.

Speakers

Alain Raes, Chief Executive APAC and EMEA, SWIFT
Stephen Lindsay, Head of Standards, SWIFT

 

10:15 - 11:15 SF

Why standards should be a boardroom topic

Standards Forum

What are the key topics that occupy boards and senior managers in our industry today? Regulation and compliance? Competition, particularly from non-traditional sectors? Profitability? Standards have a role to play addressing all these concerns, from reducing the cost of regulatory compliance, to improving the efficiency of systems and operations, and providing key building blocks for new interoperable industry solutions. Prefaced by an inspirational briefing on the role that standards across all business domains play in Singapore, hear from a range of senior industry experts why financial standards belong in the boardroom as well as the engine room of the financial industry.

Speakers

James Whittle, Director of Industry Policy, Payments UK
Sauw kook Choy, Assistant Chief Executive (Quality & Excellence), Spring
Alec Nacamuli, Global Payments Executive, IBM
Gerard Lemos, Chairman, Payments UK
Isabel Schmidt, Head of Institutional Cash Americas & Global Head of IC Market Management, Deutsche Bank

 

10:15 - 11:15 CR3

Joining forces on cyber intelligence

Technology Forum

Despite the increased spending on cyber security initiatives, data breaches continue to occur. How can you determine whether your organisation is spending wisely on cyber security? How can we become more efficient by joining forces? In this session industry experts will provide their insights and share their experience.

Speakers

Murray Walton, Chief Risk Officer and Cyber Crime Fighter, Fiserv
Coen Voormeulen, Division Director, Cash and payment systems, Co-chairman of the Working Group on Cyber Resilience of CPMI/IOSCO, De Nederlandsche Bank
Paul O’Rourke, Partner - Cyber Security Asia Pacific, EY
Mark Clancy, Chief Executive Officer Soltra, Soltra
Madan Oberoi, Director of Cyber Innovation and Outreach, Interpol

 

10:15 - 11:15 CR1

Resilience: Lessons learnt from other industries

Market Infrastructures Forum

How best to manage the increasing resiliency threat is high on the FMI agenda. What parallels can be drawn between the financial industry and other mission critical industries such as aviation, pharmaceutical, energy or, why not, military? Can their models and best practice be applied to benefit FMI resiliency?

Speakers

Natasha de Terán, Head of Corporate Affairs, SWIFT
John Hagon, Operations and Relationship Management, CLS
Philip Enness, Global Lead, Markets Infrastructure, Banking and Financial Markets, IBM
Hannah Nixon, Managing Director (Head), UK Payment Systems Regulator

 

10:15 - 11:15 CR4

ICC Community Briefing

Community

The International Chamber of Commerce (ICC) is a unique global business organisation that provides a forum for businesses and other organisations to examine and better comprehend the nature and significance of the major shifts taking place in the world economy. More recently, ICC has been working on various industry initiatives and advocacy work in order to help banks face multiple technological and regulatory challenges. In this session, ICC and industry representatives will update you on various projects such as the industry adoption of the new trade settlement instrument (Bank Payment Obligation), the Supply Chain Finance service definitions, the ICC Academy and the Trade Register.

Speakers

Shannon Manders, Editor, GTR
Emily O'Connor, Senior Policy Executive, ICC
Daniel Schmand, MD, Head of Trade Finance & Cash Management Corporates EMEA, Deutsche Bank
Ruediger Geis, Head Product Management Trade, Commerzbank AG

 

10:15 - 11:15 INN

New kids on the Block(chain) platform

Innotribe

At Sibos 2014, Innotribe dedicated an entire day to cryptocurrencies: some of these concepts are now gradually moving into mainstream, but we are not done yet! This session will give you glimpse of what’s coming next. What is after Bitcoin and blockchain? What are the advanced examples of distributed ledger use cases that may be relevant for financial services (such as smart contracts and distributed consensus protocols)? We will also offer taxonomy for distributed ledger technologies.

Speakers

Mark Buitenhek, Global Head of Transaction Services, ING
Oliver Bussmann, Group Chief Information Officer - Group Managing Director, UBS
Adam Ludwin, Co-Founder and CEO, Chain.com
Joyce Kim, Executive Director, Stellar.org
Dan O'Prey, CMO, Digital Asset Holdings
Preston J. Byrne, Co-founder and COO, Eris Industries
Simon Taylor, VP Blockchain R+D, Barclays
Neal Cross, Chief Innovation Officer, DBS Bank
Christopher Wasden, Executive Director, The Sorenson Center for Discovery & Innovation at the University of Utah
Leda Glyptis, Head of EMEA Innovation Centre, Bank of New York Mellon

 

10:15 - 11:15 CR5

Voice of the customer

Community

Drawing on the results of recent EY surveys of banks’ corporate and commercial customers, this informative session will focus on what large and mid-cap companies are saying about their banking relationships – the issues and challenges as well as what’s working well. We’ll also highlight the concerns and priorities of corporate treasurers, the willingness to work with new, non-traditional financial services providers, and discuss what all of this means for banks.

Speakers

Steven Lewis, Managing Director/ Director / EVP, EY
James Badenach, International Tax Services, EY

 

10:30 - 11:15 SA

Integrating with SWIFT through APIs: A solution for high value payment migration

SWIFT Auditorium

Integrating your applications with SWIFT has never been easier. This session explains SWIFT’s new APIs and integration layer. Learn how to adapt from MT formats to ISO 20022 cost effectively. Understand how SWIFT can help you with a community migration to ISO 20022. See how to hook any application to Alliance Access or Alliance Lite2 at lightning speed, and hear first-hand from customers about their experience of using these solutions.

Speakers

Scott Frazer, Vice President, Bank Operations Business Information Management, PNC Bank
Dr.Gordon R. Clarke, Senior consultant in payment systems and banking technology, AMBD
Anand Bindumadhavan, Head of SWIFT Services & Support in ASIA, SWIFT
Alex Coutsouradis, Head of Interfaces & Integration, SWIFT

 

11:15 - 11:45 SWLA

Shield your back-office from migrating to ISO 20022 in the most efficient way (case study: High value payment converter for participants)

SWIFTLab

Experience SWIFT’s high value payment converter for participants in an interactive way, and try this Integration Business App that allows market infrastructures and customers to adopt ISO 20022.

 

11:30 - 12:30 CR5

The changing landscape of Singapore’s securities market

Community

Market innovation and transformation is vital to ensure SGX remains a competitive and relevant global exchange.

Incorporated in 1973 as Stock Exchange of Singapore (SES), SGX was formed when SES and SIMEX merged to become Asia’s first demutualized integrated securities and derivatives exchange in 1999. Singapore Exchange (SGX) is now Asia’s leading market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. It is a multi-asset exchange operating equity, fixed income and derivatives markets, providing trading and clearing, to settlement and depository services at the highest regulatory standards.

Find out from market insiders how the Singapore securities market has evolved to adapt to the evolving needs of investors, the current challenges and opportunities that the securities market faces within the global landscape and the opportunities presented through market infrastructure, new technology and product innovation to deepen Asian liquidity.

Speakers

Jenny Chiam, Vice President/ Functional Head, SGX
Tk Yap, Managing Director/ Director / EVP, OCBC
Tony Lewis, Head of Securities Services, HSBC
Philip Chow, Board Member / CEO / CFO, Nomura
James Cheng, Analyst/Consultant, National University of Singapore
Chris Gee, Board Member / CEO / CFO, National University of Singapore

 

11:30 - 12:30 CR2

Future of Money: A burning platform?

Innotribe, Payments

Bitcoin and other cryptocurrencies were central stage at Innotribe Sibos in 2014 and yet, Bitcoin is only the tip of the disruption iceberg. Some 3B USD was invested in FinTech in 2014, and this figure is still growing. Thousands of startups are entering the financial service landscape and many banks have set up innovation labs, accelerators, incubators and investment funds. These innovations represent a shift that is real and here to stay. However, are we witnessing a burning platform for our industry?

This session will bring together some of the sharpest thought leaders on this radical transformation of our industry and will focus on major disruption themes such as the distributed ledger technologies, the disaggregation and uberization of banking services, the automation of credit, and the automated and biometric KYC onboarding.

Two host moderators will guide the audience through this exercise and ensure a deep interaction with the speakers in an exciting interactive format.

Note that we designed it in close collaboration with the Payments stream on digital disruption and the future payments landscape and further deep dives on the disruptions that will be highlighted here will be provided through the Payment stream during the Sibos week.

Since Sibos Toronto in 2011, the Innotribe “Future of Money” is standing room only. This year we move to the main conference room, so make sure you’re there early!

Speakers

Udayan Goyal, Co-Founder and Co-Managing Partner, Apis Partners
Steve Ellis, EVP, Group Head Innovation Group, Wells Fargo
Kevin Johnson, Innotribe Startup Challenge Manager, SWIFT
Gottfried Leibbrandt, CEO, SWIFT
Neal Cross, Chief Innovation Officer, DBS Bank
Claire Calmejane, Director of Innovation, Lloyds Banking Group
Leda Glyptis, Head of EMEA Innovation Centre, Bank of New York Mellon
Anju Patwardhan, Global Chief Innovation Officer, Standard Chartered
Julian Kyula, Founder and Group Chief Executive Officer, MODE
Christopher Wasden, Executive Director, The Sorenson Center for Discovery & Innovation at the University of Utah
Angus Scott, Head of Product Strategy and Innovation, Euroclear
Christoph Rieche, CEO and Co-Founder, Iwoca
Jojo Malolos, Managing Director for Asia, Cignifi
Alexander Graubner-Mueller, Founder and CTO, Kreditech

 

12:45 - 13:45 CR5

Trends in wholesale transaction banking: Insights from the Boston Consulting Group's global payment model

Community

With stiffening competition and attractive revenue pools at stake, it is vital for transaction bankers to understand the key wholesale transaction banking trends. Drawing upon its Global Payments Model, BCG will share insights into revenue growth trends, spotlighting areas of opportunity and improvement. In addition, it will share its perspectives on how to develop a winning strategy in the increasingly digital world and how to improve performance both from a client and an internal perspective. Three critical areas will be highlighted: harnessing technology to deliver superior products and services, excelling in trade finance-related services, and developing a sustainable compliance infrastructure.

Speakers

Stefan Dab, Managing Director/ Director / EVP, The Boston Consulting Group
Sukand Ramachandran, Partner and Managing Director, The Boston Consulting Group
Deepak Goyal, Analyst/Consultant, The Boston Consulting Group

 

12:45 - 13:45 INN

Platform disruption: The business of APIs

Innotribe

No platform discussion is complete without a discussion about APIs (Application Program Interfaces). In this session we will learn from some leading API gateway and solution providers about what it means to open your applications and data so others can build additional value on top of them, or how you can tap into the wealth of functionality offered by numerous startups and specialised financial service companies.

Speakers

Jurgen Ingels, Founder of C2P, Co- Founder / managing partner, SmartFinCapital
Dan Kimerling, Co-Director, API Banking, Silicon Valley Bank
Christopher Wasden, Executive Director, The Sorenson Center for Discovery & Innovation at the University of Utah
Stefan Weiss, Head of APIs, Fidor Bank
Leda Glyptis, Head of EMEA Innovation Centre, Bank of New York Mellon
Jean Diederich, Partner EUA and Digital transformation, Kurt Salmon
Adizah Tejani, Head of Ecosystem Development, Level39

 

13:00 - 13:45 SF

The top five benefits of ISO 20022: A 360 degree view

Standards Forum

Much has been written about the adoption of ISO 20022 around the world. More than 200 market infrastructures and communities are running, designing or planning ISO 20022-based services, and most financial institutions are participants in more than one of these. But ISO 20022 is more than just a catalogue of messages. It represents the potential to develop, integrate and offer new services and features, such as remittance information, status reporting, and integration of statements with information on the transactions themselves. Inside ISO20022, there is a methodology, a framework for data model development and stewardship, and a potentially-valuable library of concept and business data item definitions – attend this session to explore these areas in more detail, and find out what ISO 20022 could do for your customers and your organisation.

Speakers

Andrew Muir, Head of Standards Operations, SWIFT
Rich Urban, President, IFX
Sergey Putyatinskiy, IT Director, NSD
Amit Sharma, Digital Channel Product Head, Asia Pacific, Bank of America Merrill Lynch
Win Bausch, Vice president, Head of Financial Messaging Software Engineering, Credit Suisse
Karla Mc Kenna, Director Market Practice and Standards & Head of Standards for the GLEIF, Citi
Doug Kreviazuk, Vice President, Canadian Payments Association

 

14:00 - 15:15 PLR

Sibos: Opening plenary

Big Issue Debate/Plenary

The welcome address will be given by our guest speaker, Piyush Gupta, Chief Executive Officer and Director of DBS Group. Mr. Gupta’s address will be followed by the SWIFT plenary. SWIFT’s Chairman of the Board, Yawar Shah, and SWIFT’s CEO, Gottfried Leibbrandt, will share their perspectives on the last 12 months, the industry challenges ahead, and SWIFT’s role in addressing them.

Speakers

Piyush Gupta, CEO, DBS Group
Gottfried Leibbrandt, CEO, SWIFT
Yawar Shah, Chairman of the Board of Directors, SWIFT

 

15:15 - 16:15 INN

Killer platforms: The Chinese road to platform disruption

Innotribe

Through a combination of regulatory reform, a unique cultural environment and fast moving technology companies, the shape of the financial industry in China is rapidly changing. No longer simply duplicating western business models, China’s large tech companies are redefining one of the world’s oldest industries. They are now going global, bringing entirely new challenges for western financial institutions which are increasingly turning to the start-up community for ideas and growth.

Through disruptive analysis and primary market research, Kapronasia, The Disruption House and Daily Fintech will present a detailed look at the history of China’s financial industry, the models behind the extraordinary growth of technology companies as financial players and the impact of regulation and reform the most likely path for the industry going forward. Attendees will walk away with a qualitative and quantitative understanding of how China’s tech companies will affect both China and the rest of the world.

Speakers

Bernard Lunn, Founding Partner, Daily Fintech Advisers
Zennon Kapron, Director, Kapronasia
Christopher Wasden, Executive Director, The Sorenson Center for Discovery & Innovation at the University of Utah
Haydn Shaughnessy, Co-Founder, The Disruption House

 

15:30 - 16:30 WSC

Technology and talent: What’s needed to strengthen your workforce?

Sibos Workshop, Technology Forum

Globalisation. Mobility. Talent Management. These concerns, which often make the top of the list for senior IT and Operations managers in the financial industry, are all underpinned by one core activity: workforce planning. Successful workforce management requires a combination of many different aspects, such as budgeting, planning, analytics, collaboration and advanced scheduling solutions. In this interactive session, experts from the financial industry will share their experience starting from real life examples.

 

15:30 - 17:00 CR1

Come and discuss real-time payments with us…

Market Infrastructures Forum, Payments, Sibos Workshop

...or should we say real-time commerce? The hype around real-time remains, but the focus is shifting from the banks’ workload and investments, towards offering services to support real-time commerce. The business case question is still on the table, but is less about financials and more about customer expectations. And with the question moving from IF and WHEN to HOW, additional challenges pop up such as screening and fraud detection in an instant environment, cross-currency interoperability, applicability of new technologies and co-opetition with the new entrants… Discuss and address these topics with your peers and colleagues

 

15:30 - 16:15 SF

Introduction to SWIFT's ISO 20022 harmonisation framework

Standards Forum

As ISO 20022 implementations proliferate, variability in the ways in which the standard is deployed in terms of message versions, market practice rules and release timetables is multiplying. Unchecked, this fragmentation threatens to increase substantially the cost and complexity of ISO 20022 implementation, particularly for those financial institutions that participate in multiple market infrastructure services.
To address these disruptive differences, a significant number of market infrastructures have joined forces with SWIFT to develop an ISO 20022 Harmonisation Framework, that will ease and facilitate ISO 20022 implementation considerably for financial institutions. What are the components of this framework? Who has been involved? And what are some of the challenges still ahead? Don’t miss this first-rate occasion to learn more about the ISO 20022 Harmonisation Framework and Charter, and of course, share your feedback and further calls to action.

Speakers

Chantal Vanes, Standards deployer, SWIFT
Steve Goswell, Director, Business Systems Analysis and Integration, First Republic Bank
Magdalene Goh, Standards expert, SWIFT

 

15:30 - 17:00 CR4

A future for CSDs?

Market Infrastructures Forum, Sibos Workshop

Regulation and market dynamics push market infrastructures and CSDs in particular, towards new business models. What changes are they foreseeing to live up to regulator expectations and what will their customer value proposition look like in 2020? How will the battle for business between CSDs and with global or regional custodians shape the future? Who is well placed to survive and under what form? Join us for a look into the crystal ball by the experts and share your views.

 

15:30 - 16:45 CR3

Virtual storm: Cyber crisis simulation

Sibos Workshop, Technology Forum

Many industry experts say “It’s no longer a matter of if your cyber security defenses will be compromised—it’s when”. In this interactive session you will “join forces” with colleagues from other organisations to actively participate in a cyber-attack simulation facilitated by DECIDE-FS; Norwich University Applied Research Institutes’ (NUARI) tool developed to help financial institutions improve their operational resilience to cyber events through realistic exercises.
During the simulation, participants will be assigned to small groups. Each group will act as an independent financial institution. Session participants will be presented with cyber events and, through group dialog, make response decisions given anticipated business impact, risk and cost. DECIDE-FS will provide real time feedback and simulate business outcomes which result from each decision.
This simulation was designed in close coordination with the Joining Forces on Cyber Intelligence informer session.
Seats are limited for this workshop - please register your interest at the following address https://www.sibos.com/techforumworkshop (copy/paste link in your browser)

 

15:30 - 16:30 CR5

ISSA - Principles for financial crime compliance: Clear, actionable and measurable

Community

In 2014, ISSA (International Securities Services Association) the global securities industry’s representative body, began exploring the challenges in appropriately meeting the compliance requirements for a diverse range of regulation and legislation that was emerging at the time.

In early 2015, ISSA established a new Working Group to explore and understand the specific challenges in financial crime compliance. The Working Group was tasked to review the growing range of transparency regulations with a view to arriving at a series of clear, actionable and measurable principles for the industry to follow.

Through the Working Group, ISSA assessed the impact of various forms of regulation relating to financial crime and limited its scope to the post-trade landscape and securities transactions. The regulation reviewed primarily addressed cross-border transactions.

In this session the speakers will outline the principles that ISSA proposes and the tools that are available to the industry to provide greater transparency where required. Specifically, they will address the topics of proposed new AML/KYC standards, the role and impact of account structures on due diligence best practice, control in intermediated securities custody arrangements, disclosure principles and transparency of ownership.

Speakers

Dominic Hobson, Founder, COOConnect
Thomas Zeeb, Board Member / CEO / CFO, SIX Securities Services
Alan Naughton, Head of Securities Services and Corporate Agency & Trust, Standard Chartered
Mark Gem, Member of the Executive Board, Clearstream International
Olivier Goffard, Head Group Compliance & Ethics, Euroclear
Tom Casteleyn, Head of Product Management for Custody, Cash and Foreign Exchange, BNY Mellon

 

16:00 - 17:00 SWLA

Messaging for corresponding banking on SWIFT (Lite2 and sanctions screening cases)

SWIFTLab

First, come and see the creation of a message on Lite2 (MT 103 or 202 COV). Then explore the sanctions screening filtering tool.

 

16:00 - 16:30 SST

Safeguarding financial integration

SWIFT Institute

The ongoing European financial crisis was both predictable and preventable. The next crisis will be as well. Hence the two relevant questions are what should policymakers be doing to avoid unnecessary financial turmoil and why are they so reluctant to take the necessary measures – particularly when the costs, both human and financial, are so disproportionate. The purpose of this talk is to derive the ‘lessons’ of recent European experience and to show how these lessons have been learned, time and again, through the experience of financial integration both within countries and between them. This historical precedence is important to highlight the political complexity of developing more robust financial institutions. It also makes it easier to reframe the challenge in safeguarding financial integration. Politicians and policymakers are free to ignore the lessons of history, but only if they understand and acknowledge true costs involved in doing so.

Speakers

Erik Jones, Professor of International Political Economy, The Johns Hopkins University

 

16:30 - 17:30 INN

Exploring real world disruption scenarios

Innotribe

How can platform strategies help you respond to new entrants in the ever-changing payment landscape? In this session, we will share some of the key findings of a specialised 2015 Innotribe Task Force on platform thinking. We will also explore different innovation investment strategies: how can CFOs and Heads of Innovation make the right decisions, not only on the basis of traditional KPI, ROI and Net Present Value, but also on option strategies and capability building?

Speakers

Christopher Wasden, Executive Director, The Sorenson Center for Discovery & Innovation at the University of Utah
Haydn Shaughnessy, Co-Founder, The Disruption House
Daniel Marovitz, President, Europe, Earthport
Jean Diederich, Partner EUA and Digital transformation, Kurt Salmon
Ian Horobin, Head of Compliance Innovation & Services, SWIFT

 

16:30 - 17:15 SA

Enabling strategic operations development across the globe – Alliance Messaging Hub

SWIFT Auditorium

The changing demands of the business, market infrastructures and regulators means that CIOs must continually modify their systems. The current landscape requires more agility and flexibility in both the platforms and deployment approaches than ever before. In this session, hear directly from customers about these challenges, and how SWIFT is enabling new capabilities in financial operations today while also helping prepare for future growth through the Alliance Messaging Hub.

Speakers

Frank Noten, General Manager, ICT - ORT, KBC
Win Bausch, Vice president, Head of Financial Messaging Software Engineering, Credit Suisse
Alex Coutsouradis, Head of Interfaces & Integration, SWIFT

 

17:15 - 17:45 SWLA

Alliance Messaging Hub

SWIFTLab

Come and see how to consolidate your strategic operations across the globe through a single window with AMH.

Tuesday 13 October

08:00 - 09:00 CR2

The Compliance Forum Opening

Compliance Forum

Global regulation continues to have a major impact on how financial institutions and regulators in all jurisdictions are tackling financial crime challenges and compliance. The Compliance Forum at Sibos 2015 will seek to invite regulator opinion on priorities for the region, and how this may correspond to, or differ from regulatory agendas elsewhere.

Speakers

Jonathan Rosenthal, Senior Editor, The Economist
Je-Yoon Shin, President of the Financial Action Task Force on Money Laundering (FATF), FATF
Tai Boon Leong, Executive Director, Banking Department, Banking and Insurance Group, Monetary Authority of Singapore (MAS)
Yawar Shah, Chairman of the Board of Directors, SWIFT

 

09:00 - 09:45 SWLA

Shield your back-office from migrating to ISO 20022 in the most efficient way (case study: High value payment converter for participants)

SWIFTLab

Experience SWIFT’s high value payment converter for participants in an interactive way, and try this Integration Business App that allows market infrastructures and customers to adopt ISO 20022.

 

09:00 - 09:45 CR5

Pathways to a future state global payments infrastructure: From business case to execution

Community

Effective, robust global payment capabilities are crucial for many banks and their customers. The rapidly changing environment coupled with budget constraints and complex legacy infrastructures create a challenging situation for many financial institutions. The panel will address topics such as formation and approval of a business case for investment, considerations for approach and deployment, how to get from the basic to the value adds, and will include a view of lessons learned as each has been building a pathway to their future state global payments infrastructure.

Speakers

Philippe Leblanc, Managing Director/ Director / EVP, Banque de France
Laura McGortey, Managing Director/ Director / EVP, BNY Mellon

 

09:00 - 09:45 CR2

Big banks and small banks

Compliance Forum

Larger institutions tend to perceive smaller banks as posing greater compliance-related risks, particularly in higher-risk jurisdictions. And lower profit margins from dealings with smaller institutions can make the risk-benefit analysis even more challenging. But, does reality match perception? Does the implementation of Sanctions, AML and KYC programmes actually differ that much between global and regional or local institutions? How do banks in emerging markets cope with the extra-territoriality of some laws? How do smaller banks view larger institutions? Can all parties work together to increase control and reduce costs and risk? Is de-risking a concern, and how can it be tackled concretely, perhaps in partnership?

Speakers

Jonathan Rosenthal, Senior Editor, The Economist
Andrew Yiangou, Managing Director Global Transaction Banking Solutions, Global Institutional Banking, National Australia Bank
Jack Jared, Managing Director, Business Compliance and Risk Head, Citi
Chee Kin Lam, Compliance, DBS Bank
Ferry Robbani, Head of International Banking and Financial Institutions Group, Bank Mandiri

 

09:00 - 09:45 CR3

A guide to resilience and true 24/7 availability

Technology Forum

The world doesn’t sleep and neither should your business. How can you build a more flexible, automated, and segmented infrastructure with no maintenance downtime, for true 24/7 availability? Join this session to hear from experts in the field for practical dos and don’ts when developing your operational resilience and availability.

Speakers

Bryan Glick, Editor in Chief, Computer Weekly
Bhupendra Warathe, Global Head, Product Engineering, Banking Products, GTO, Standard Chartered
Mark Curran, Payments Technical Services Director, Global Payments, Lloyds Banking Group
Bill Pappas, Chief Information Officer, Global Wholesale Banking Technology & Operations, Bank of America Merrill Lynch
Torsten Pull, CIO Core Component Technology, Global Transaction Banking, Deutsche Bank

 

09:00 - 09:45 SF

Planning your ISO 20022 implementation: Myths, best practice and advice

Standards Forum

Most financial institutions have had some experience of working with ISO 20022, and many more will do so several times in coming years. From the experience of all the various projects thus far, there are emerging good, and bad, practices. Good strategic planning and architecture yields many benefits, including reduced time-to-market, improved STP and reduced project costs and risks. However – the opposite is also true; there are such things as bad implementations. This session takes a deep look into both the good and the bad, and will help you determine the right path for your own organisation’s needs.

Speakers

Victor Abbeloos, Senior Manager/ Marketing, SWIFT
Ganesh Kumar Sundara Iyer, Senior vice president, Market & Product Development, HSBC
Ton Versteeg, Vice President Product Development & Management Payment Services, Rabobank Nederland
Bhuvanendran Kamak, Head - Wholesale Banking Technology, ICICI

 

09:00 - 09:45 CR1

Real-time: How fast is too fast?

Market Infrastructures Forum, Payments

The payments industry is moving towards instant payments on a 24/7/365 basis. Are there boundaries to this evolution and is there a tipping point where the increased speed might cause an increase in compliance or safety risks? Join us for a discussion on how to marry what is technologically possible with what is desirable to safeguard the financial ecosystem.

Speakers

Liz Oakes, Associate Director, Management Consulting - Senior Leader for Payments, KPMG
Karin Flinspach, Head Of Cash Products, Transaction Banking, Standard Chartered
Ather Williams, Head of Global Transaction Services, Bank of America Merrill Lynch
Craig Tillotson, CEO, Faster Payments Scheme Ltd
Hays Littlejohn, CEO, EBA CLEARING

 

09:00 - 09:45 CR4

Cross border challenges of intermediated securities: Legal transparency versus operational efficiency

Securities

Current patterns for intermediated securities face different challenges: negotiability, access to markets for all investors, account holder protection and transparency. Today, the fragmented landscape of securities holdings leads to legal cross-jurisdictional conflicts.
In this session, we will discuss the challenges linked to the current differentiation between direct and indirect holding models, which translate one of today’s regulatory dilemmas: how to ensure a proper balance between low risk and greater proficiency?

Speakers

Dominic Hobson, Founder, COOConnect
John Siena, Senior Vice President, Head of Legal for Asia Pacific, Brown Brothers Harriman
Lee Waite, Global Head of Direct Custody & Clearing, Citi
Stephen Lomas, Global Head of Global Transaction Banking Market Policy, Deutsche Bank
Alan Naughton, Head of Securities Services and Corporate Agency & Trust, Standard Chartered

 

09:15 - 10:00 INN

Innotribe day opening

Innotribe

The first day of our programme was dedicated to Platforms and APIs. Join this session to get a condensed summary of the discussions and a preview of today’s agenda. We will also continue our introduction to the 2016 plans, giving you an update on existing initiatives and promoting new ones. This will be in the format of an interactive and facilitated conversation between our speakers, the audience and thought-leaders.

Speakers

Kevin Johnson, Innotribe Startup Challenge Manager, SWIFT
Christopher Wasden, Executive Director, The Sorenson Center for Discovery & Innovation at the University of Utah
Akhtar Badshah, PhD, Chief Catalyst, Catalytic Innovators Group
Fabian Vandenreydt, Head of Markets Management, Innotribe, the SWIFT Institute and Partner Mgmt, SWIFT

 

09:30 - 10:15 SA

Business Intelligence that gives you the edge: Discover SWIFT's expanding offering for banks

SWIFT Auditorium

With the aim of supporting the industry’s evolving requirements for timely and transparent market information, SWIFT’s Business Intelligence (BI) product and service suite continues to expand. In this session you will discover the newest addition to our BI portfolio: Banking Analytics Premium. This new tool is designed to provide greater insights on payments and trade finance flows, helping global transaction banking heads to identify more business opportunities. We will reveal how Banking Analytics Premium can also improve strategic planning and competitive analysis, increase your sales performance, and help you develop products to better cater for different market needs. Join us to hear testimonials from practitioners about their experiences as early adopters, as well as how our BI consulting services have provided additional business value beyond the data.

Speakers

Clarissa Dann, Editor, Trade and Forfaiting Review
John Ladany, MD, Senior Market Manager, Trade Services, Citi
Ingrid Weisskopf, Head Cash services Advisory and Product Management, Commerzbank AG
Madhavan Ramaswamy, Head of Correspondent Banking, Standard Chartered

 

10:00 - 10:30 SWLA

Lifecycle of a corporate on SWIFT

SWIFTLab

Discover how SWIFT can help corporations simplify their banking communications, reduce their operations and increase their cash visibility and automation. This session will present how Alliance Lite2 can help corporate clients to improve their treasury processes through different grades of automation – from manual entry screens through to full STP and automation.

 

10:15 - 11:15 CR4

Re-inventing correspondent banking

Payments

The move towards real-time payments, stricter compliance requirements and open access to bank accounts are some of the market drivers that create a fertile ground for new entrants in the payments market. In recent years, an increasing number of fintech companies have entered the payment market, frequently pitching for the low-value person-to-person payments segment, but increasingly going up the value chain and offering alternative payments models to traditional correspondent banking at every level. Have we reached a tipping point where we need to fundamentally rethink the correspondent banking model? How can banks keep their position as a secured and reliable payments channel while answering clients’ needs and fostering innovation?

Speakers

Ebru Pakcan, Global Head of Payments & Receivables, Citi
Larry Sobin, Head of Correspondent Banking and USD Payment and Clearing, BNP Paribas
George Doolittle, Executive Vice President, Head of Global Payment Services, Wells Fargo
Christopher Wasden, Executive Director, The Sorenson Center for Discovery & Innovation at the University of Utah
Wouter De Ploey, Director in the Business Technology Office, McKinsey & Company
Nigel Dobson, General Manager Group Payments Management, ANZ

 

10:15 - 11:15 CR3

Spotlight on digital ID

Technology Forum

Knowing who you are dealing with is essential for any form of e-business. What are the latest developments of trusted digital identity? In this session you will discover, based on real life examples, the key challenges, opportunities and possible applications in the field of digital identity.

Speakers

Julian Gorman, Strategic Engagement Senior Director, Head of SE Asia, GSMA
Usama Fayyad, Chief Data Officer (Group), Barclays
Sean Gilchrist, Managing Director Commercial Digital, Lloyds Bank
N Ganapathy Subramaniam, Executive Vice President, Tata Consultancy Services - TCS BaNCS

 

10:15 - 11:15 CR2

Utilities: A year on

Compliance Forum

Financial crime compliance utilities have gained increasing support as a concept. What steps have been taken to date, and what have we learned from ongoing initiatives? Can the utility model deliver sought-for efficiency gains and cost savings, while supporting effective compliance programmes? In what areas has the utility model shown the greatest promise, what has been the level of industry engagement to date, and what challenges and barriers remain? Are we seeing greater clarity in terms of which compliance functions and responsibilities banks are willing to offshore, and which they are committed to maintaining fully in-hand? What new utility models will make headlines in 2016?

Speakers

Jonathan Rosenthal, Senior Editor, The Economist
David Howes, Deputy Head of Financial Crime Compliance, Standard Chartered
Fairlen Ooi, Managing Director - Group Compliance, UOB
David Scola, Global Head of Coverage - Banks, Barclays
Ralf Schmidt, Central Office, Individual Payments Strategy and Policy, Deutsche Bundesbank

 

10:15 - 11:15 SF

Standardising the standard: The need for global ISO 20022 market practice

Standards Forum

Global market practice is one of the gateways to harmonised roll-out and interoperability of ISO 20022 across all business areas and geographies. What does global market practice really mean? Which ISO 20022 harmonised market practices already exist – and which are under development or still to be established? Who is involved in each – and how can you contribute? And how does the community propose to ensure adherence to such market practice?

An illustrious group of experts from the payments and securities world will share updates, insights and views on common ISO 20022 market practice for payments (high-value, low-value and real-time) and securities (corporate actions, settlement and reconciliation and collateral management) in a round-table setting. They will invite the audience to unveil hurdles, perspectives, requirements and opportunities to establish, implement and evolve ISO 20022 global market practice.

Attend this session to find out how your business community is defining market practices for the transactions you care about.

Speakers

Thea George, Director of Research, Finextra
Axelle Wurmser, Head of Transversal Projects and SWIFT Coordination, BNP Paribas Securities Services
Bob Masina, Head of Technology & Operations, Australian Payments Clearing Association
Roy DeCicco, Board Chairman, ASC X9 / Managing Director, J.P.Morgan
Patricia McSweeney, Industry Relations, Canadian Imperial Bank of Commerce
Bernard Lenelle, Senior Vice President Product Development & Business Strategy & Co-chair SMPG Corporate Actions sub-group and Working group coordinator, ALMUS, Clearstream
Heng Hai Lim, Principal consultant, SG Payments Market Practice Group | TechCreate Solution Private Limited
Gerard Smith, Director - Collateral Services, LCHClearnet
Jyi-Chen Chueh, Executive Director, Standard Chartered

 

10:15 - 11:15 INN

Engaging with the millennial generation – A hands-on workshop for banks

Innotribe

Digital natives are not a small subsection of the population; they are an entire generation that is shaped by very different needs. The digital world moves faster and has more opportunities; as a reaction to this, the lifestyle of digital natives is fragmented. In this new context, we have to rethink the relationship between customers and banks.

Growing up during the financial crisis and a sluggish economic recovery has made Millennials distrustful of incumbent financial brands and institutions. Coupled with a preference for using technology in every aspect of life, this aversion to traditional financial services makes this Generation the single largest current market opportunity for startups and innovative corporates looking to build FinTech businesses. Millennials are looking for a different kind of trust with the financial system.

During the session, Claro Partners and Anthemis Group will share the key insights of research done with a consortium of financial institutions in six markets. The session will also feature key tenets of a whitepaper produced by Millennials from Wharton Fintech in collaboration with Innotribe.

Speakers

Aldo de Jong, Co-Founder, Claro Partners
Akhtar Badshah, PhD, Chief Catalyst, Catalytic Innovators Group
Scarlett Sieber, SVP of Open Innovation and Ecosystem Building, BBVA
Brett King, Founder & CEO, Moven
Samantha Ghiotti, Director and Co-Founder, Anthemis Group
Daniel McAuley, Co-Founder, Wharton FinTech
Steve Weiner, Co-Founder, Wharton FinTech
Jeremy Brandon Kwek, Sophomore, Singapore Management University
Matthew Luo, Sophomore, Singapore Management University
Ba Kieu Oanh (Josephine) Nguyen, Undergraduate Teaching Assistant, Singapore Management University
Ivan Ng, Bachelor of Science (B.Sc.), Information Systems Management, Singapore Management University
Brian Jianjian Zheng, Bachelor of Science (B.Sc.), Information Systems Management, Singapore Management University
Eric Ong Soon Heng, Senior (B.Sc.), Information Systems Management), Singapore Management University

 

10:15 - 11:15 CR1

Securities market infrastructure innovation: The next frontier

Market Infrastructures Forum, Securities

How are securities market infrastructures shaping up their product strategies now that core infrastructures have been renewed, barriers removed and regulations implemented? Is the industry ready for the next level of efficiency and how disruptive will players need to be to make this happen? Should the industry take a start-up approach to fast-track the innovation and maybe even supersede regulatory expectations?

Speakers

Virginie O'Shea, Senior Analyst, Aite Group
Jaehoon Yoo, Chairman and CEO, Korea Securities Depository
Tim Howell, Chief Executive Officer and Chairman of the Management Committee, Euroclear
Michael Bodson, President and Chief Executive Officer, DTCC
G.V. Nageswara Rao, Managing Director & CEO, National Securities Depository Limited
Tom Casteleyn, Head of Product Management for Custody, Cash and Foreign Exchange, BNY Mellon

 

10:15 - 11:15 CR5

The importance of having an integrated compliance framework

Community

The different elements and pieces that make up a comprehensive compliance strategy in terms of both technology needed, mind frame and culture, and internal framework for the financial institution. With the huge headlines of banks being yet again fined for noncompliance and the astronomical amounts of fines there is a need to step back and look at the whole picture and revaluate. This is the goal this session hopes to address.

Speakers

Nasser Sweileh, Compliance officer / Risk manager, EastNets

 

10:30 - 11:15 SA

SWIFTRef: Going beyond payments to meet the challenge of regulatory requirements for entity data

SWIFT Auditorium

Payments efficiency for financial institutions and corporates continues to be the main driver for SWIFT’s reference data services. However, there are other factors that are now also driving, influencing and impacting data services and we are seeing a transformation in how data is being consumed. Find out how this move to meet regulatory compliance is impacting customers and how SWIFTRef is addressing this topic to help institutions with regulatory challenges linked to the quality of entity data.

Speakers

Herve Valentin, Head of Reference Data, SWIFT
James Whittle, Director of Industry Policy, Payments UK
Kazushi Ishijima, Head of Payment Market Infrastructure, Bank of Tokyo-Mitsubishi UFJ
Zorica Srbinova, Market Manager, SWIFT

 

11:30 - 12:30 PLR

The Internet of Things and banks' core platforms

Big Issue Debate/Plenary

The spread of smart internet enabled devices seems unstoppable. Mobile platforms are rapidly gaining importance in a world of smart homes, smart cars and smart grids to name a few. What are the implications for banks? Can their core platforms handle this? Do these systems have the scalability and flexibility to support new payments models, channels and changes to standards and regulations? In this session we will explore these disruptive technologies and how leading financial institutions are assessing and preparing their core payments platforms in this rapidly evolving landscape.

Speakers

Cathy Bessant, Chief Operations and Technology Officer, Bank of America Merrill Lynch
Patrick Maes, Chief Technology Officer and General Manager, Strategy and Planning, Global Technology Services & Operations, ANZ
Michael Gorriz, Group Chief Information Officer, Group Technology & Operations, Standard Chartered
Oliver Bussmann, Group Chief Information Officer - Group Managing Director, UBS

 

12:45 - 13:30 CR2

Offer and services innovation in banks – What’s the need of the hour

Community

The panel will mainly discuss on the need of innovative banking offers and services and how it affects the customer lifecycle value. The discussion will mainly be focused on the recent developments in the market. Most of the participants in the panel have in the past two years, launched innovative offers in the market and will talk about their own experience.
The panel will also discuss on how the customers’ perspective has changed over the years and how to cater to such fast-changing expectations when they want it, where they want it, how they want it. The type of personalization that is currently being seen in the financial industry is unparalleled and the panel will discuss ways and means to become completely customer-centric in its outlook while at the same time drive cross-selling and up-selling.

Speakers

Nanda Kumar, Board Member / CEO / CFO, SunTec Business Solutions
Reinhard Furthmayr, Managing Director/ Director / EVP, Commerzbank AG
Gordon Gray, Vice President/ Functional Head, SunTec Business Solutions
Brett King, Board Member / CEO / CFO, Huffington Post
Neal Cross, Chief Innovation Officer, DBS Bank

 

12:45 - 13:45 INN

Financial inclusion

Innotribe

Despite the innovation boom by FinTech startups, there are still more than 2.5 Billion people who are unbanked and do not have access to quality financial services. In this session, we will hear from some of the leading thinkers in this space, with a specific focus on developing and emerging economies of Asia Pacific.

Speakers

Akhtar Badshah, PhD, Chief Catalyst, Catalytic Innovators Group
Kosta Peric, Deputy Director, Financial Services for the Poor, Bill & Melinda Gates Foundation
Udayan Goyal, Co-Founder and Co-Managing Partner, Apis Partners
Anju Patwardhan, Global Chief Innovation Officer, Standard Chartered
Christine Duhaime, Founder, Digital Finance Institute
Joyce Kim, Executive Director, Stellar.org

 

12:45 - 13:45 CR4

World Payments Report 2015 complexity, competition and compliance: How payments transformation can help achieve customer-centricity through innovation

Community

Anytime, anywhere, any device payments are today’s reality. The challenge for traditional payments service providers is to continue to meet evolving customer expectations with frictionless payments, while remaining competitive with innovative flexible non-bank players.

For more than a decade, the World Payments Report by Capgemini and RBS has been the source of fundamental data, trends and strategic commentary on global and regional non-cash payments, and key regulatory and industry initiatives that shape them.

Moderated by Brian Caplen, Editor, The Banker, join us as we explore:

- Key volume trends in global and regional non cash payment instruments
- The impacts of an increasingly demanding regulatory landscape,
- The need to transform to remain relevant and customer centric
- The role of immediate payments

Speakers

Christophe Vergne, Head of Payments CoE, Capgemini
Pierre Petit, Deputy Director General of DG Market Infrastructure and Payments, European Central Bank
Brian Caplen, Analyst/Consultant, The Banker
Teresa Connors, Head of Client Engagement, Payments, RBS

 

13:00 - 13:45 SF

Market infrastructures update: ISO 20022 plans and visions

Standards Forum

ISO 20022 is emerging as the preferred choice of messaging standard for securities and payments financial market infrastructures around the world, spanning all business areas and geographies. Currently, there are close to 200 initiatives in various stages of adoption and implementation, driven by the need to innovate, globalise or comply with regulation.

Enjoy lunch while you get the latest ISO 20022 news from the initiatives that really matter.
Strategies, milestones and first-hand experiences top the agenda – as well as new services, business cases and visions.

Speakers

Marc Bayle de Jessé, General Director, European Central Bank
Rob Green, Payments Market Infrastructure, First Rand Bank Ltd
Nell Campbell-Drake, Vice President, Federal Reserve Banks
Bob Masina, Head of Technology & Operations, Australian Payments Clearing Association

 

13:30 - 15:00 4304

Blindspot: Hidden biases of good people

Diversity, Sibos Workshop

Good people intend well. We intend to make professional choices and decisions in a manner that is error-free, fair, and in the interest of our organizations.

Research from the last fifty years has challenged the possibility that we actually do so. Specifically, we now know that our actions can be inconsistent with our values and obstruct the very goals we strive for as individuals and professionals. We now know that these errors are a function of our evolution, the architecture of our minds, and the social learning we are so adept at acquiring. Our values and behavior deviate from each other because our decisions are driven by “unconscious” preferences and beliefs.

The session is participatory, involving educational and even entertaining hands-on exercises. It is geared toward providing insights into how our minds work, and to reveal the often surprising and even perplexing manner in which we make decisions – about hiring and promotion, about client relationships and how we run our teams, and about how we think about our own leadership.

The purpose of the seminar is to reveal mental blindspots that can compromise our personal and professional decisions if they are left unattended. Professor Banaji will advance ideas about where such bias comes from and how to think about “outsmarting” our own minds in order to reach the goals we have chosen for ourselves with deliberation.

 

13:30 - 14:15 SA

Standardise Know Your Customer compliance with SWIFT’s new KYC registry

Compliance Forum, SWIFT Auditorium

The KYC Registry provides a single, standardised, secure source of validated KYC information for correspondent banking and fund distributors. Developed with the world’s leading correspondent banks and launched at the end of 2014, The KYC Registry managed service is used by institutions in more than 130 countries to streamline KYC processes, reduce cost and increase transparency.

Speakers

Holly Johnson Stuhr, Executive Director and KYC Industry Initiatives, J.P.Morgan
Mark Brotherton, Chief Operating Officer, Financial Institutions, Lloyds Bank
Bart Claeys, Head of KYC Compliance Services, SWIFT
Guy Sheppard, KYC Product Market Manager, SWIFT

 

14:00 - 15:00 CR2

EBA's vision for payments in 2020

Community

There is plenty of talk about what the retail payments landscape of the future will be like. Just as recent years have seen rapid change in this field, this trend only seems set to gather pace. So what is on the cards for the coming years? A panel of senior bank practitioners from the Euro Banking Association will discuss their vision for payments in 2020.

Speakers

Wolfgang Ehrmann, EBA Chairman, EBA Group
Jan Paul van Pul, Section Head/Supervisor, ABN AMRO
Javier Santamaria, Chairman of the European Payments Council, Banco Santander S.A.
Gilbert Lichter, Vice President/ Functional Head, EBA Group
Daniel Szmukler, Managing Director/ Director / EVP, EBA Group

 

14:00 - 15:00 CR1

McKinsey's global payments report

Community

For the fifth year at Sibos, McKinsey & Company will present their latest findings from the Global Payments economic model, with insights into the forecasts, disruptions, challenges and opportunities for payments players globally.

Speakers

Chris Ip, Managing Director/ Director / EVP, McKinsey & Company
Marc Niederkorn, Managing Director/ Director / EVP, McKinsey & Company
Philip Bruno, Managing Director / Director / EVP, McKinsey & Company

 

14:00 - 14:30 SST

When will we ever get the incentives for faster payments right? Analytics to pave the road toward future money

SWIFT Institute

In the digital economy, everything wants to be faster. Faster product delivery, faster sales capabilities, and faster access for consumption – but in the middle of it all, faster payments need to be given more attention. Making payments faster is challenging though, due to the need to align the incentives of the different participants in the payment system. Big and small banks, commercial and savings banks, and banks in different countries — and their customers — will have different perspectives on whether to delay or accelerate payments. Crafting the ‘right’ incentives are central to the performance and success of a faster payments mechanism. Tradeoffs between costs and benefits are what drive the timing of payment settlement and the success of the systems. We have developed a hybrid priority queuing mechanism to align the banks’ incentives to achieve faster settlement. This allows payments to be prioritized by the participants or the system intermediary, and be delayed or processed and settled immediately. Our interactive visual demo illustrates how bank participation, payment demand, settlement frequency, and the reserve funds available affect the system’s performance. But without coordination and harmonious collaboration, faster payments will not become a reality. Our analytics approach addresses the complex incentives associated with clearing and settlement, and through the understanding it offers, paves the road toward future money.

Speakers

Robert Kauffman, Professor of IS, Associate Dean (Faculty), Singapore Management University

 

14:00 - 15:00 INN

Re-inventing regulation

Innotribe

Risk and innovation don’t always go well together. Imagine what regulation would look like if we could start from scratch? Most of our regulatory frameworks are based on industrial era models. What if we could re-design regulation based on digital era models? How different would that be from what we have today? How could that inspire us?

Speakers

Hamilton Ray, Founder, Collective Next
Bernard Wee, Executive Director, Financial Markets Development, and Payments and Technology Solutions, Monetary Authority of Singapore (MAS)
Natasha de Terán, Head of Corporate Affairs, SWIFT
Anju Patwardhan, Global Chief Innovation Officer, Standard Chartered
Andrew Brown, Global Head of Compliance & MLRO, Earthport
Akhtar Badshah, PhD, Chief Catalyst, Catalytic Innovators Group
Christine Duhaime, Founder, Digital Finance Institute
Sean Park, Founder & Chief Investment Officer, Anthemis Group
Dan Kimerling, Co-Director, API Banking, Silicon Valley Bank
Lukas May, Head of International Growth & Regulation, Transferwise

 

14:00 - 15:15 WSA

Breaking the silos: Building a global assets inventory to optimise collateral management

Securities, Sibos Workshop, Standards Forum

Regulations keep increasing the pressure on market participants for cleared and non-cleared operations. In particular, EMIR and Dodd-Frank mandate global players to change their ways of handling collateral. The challenge remains the ability to automate the process as much as possible to reduce operational risk. Moreover, it is key to monitor pools globally in order to mobilize collateral efficiently.
The complex process of dealing with collateral forces the industry to consider adopting new structures to decrease risk and improve operational efficiencies to offset increasing costs. This workshop will debate building a global collateral inventory to allow better monitoring and allocation of collateral and how to improve the communication between collateral players in a complex and changing environment.

 

14:00 - 14:45 SF

MyStandards: A platform for ISO 20022 harmonisation

Standards Forum

Financial Institutions and communities have been using MyStandards to publish, analyse and test their individual usage guidelines for several years now, with great effects on time-to-onboard and the costs of standards maintenance. MyStandards is now being adopted as a strategic platform for harmonisation of ISO 20022 implementations around the world; come to this session to find out how market infrastructures and their participants are planning their collaboration to achieve their vision of harmonised standards implementation, and what role MyStandards will play in enabling it.

Speakers

Brian Crabtree, Director of Market Practice, Standards and SWIFT, Citi
Bernard Lenelle, Senior Vice President Product Development & Business Strategy & Co-chair SMPG Corporate Actions sub-group and Working group coordinator, ALMUS, Clearstream

 

14:00 - 15:15 CR3

Virtual storm: Cyber crisis simulation

Sibos Workshop, Technology Forum

Many industry experts say “It’s no longer a matter of if your cyber security defenses will be compromised—it’s when”. In this interactive session you will “join forces” with colleagues from other organisations to actively participate in a cyber-attack simulation facilitated by DECIDE-FS; Norwich University Applied Research Institutes’ (NUARI) tool developed to help financial institutions improve their operational resilience to cyber events through realistic exercises.
During the simulation, participants will be assigned to small groups. Each group will act as an independent financial institution. Session participants will be presented with cyber events and, through group dialog, make response decisions given anticipated business impact, risk and cost. DECIDE-FS will provide real time feedback and simulate business outcomes which result from each decision.
This simulation was designed in close coordination with the Joining Forces on Cyber Intelligence informer session.
Seats are limited for this workshop - please register your interest at the following address https://www.sibos.com/techforumworkshop (copy/paste link in your browser)

 

14:30 - 15:00 SST

Cross-border stock market links in Asia: What makes one a success?

SWIFT Institute

To generate more capital flows, greater liquidity and investment opportunities, stock markets in Asia are beginning to embrace the idea of cross-border stock market links such as the Hong Kong-Shanghai Connect, the ASEAN Exchanges, and the recently announced Taiwan-Singapore Stock Trading Link. These links might be understood as variants of the hub and spoke model to streamline the convoluted spaghetti flows of cross-border trades, but a closer examination reveals differences in the operating models for the underlying trading, clearing and settlement operations. This talk will discuss the various operating models for cross-border trading links in Asia. What are the relevant technological, market, and institutional conditions that might determine the variations in these operating models? What are the related challenges that need to be tackled to make such cross-border market collaborations successful?

Speakers

Carol Hsu, Professor in the Department of Information Management, National Taiwan University

 

14:30 - 15:30 CR4

In conversation with Yves Mersch, European Central Bank

Market Infrastructures Forum, Sibos Workshop

Join us for an exclusive conversation with Yves Mersch, Member of the Executive Board of the European Central Bank, who will share his vision on the European market infrastructure integration following the successful launch of T2S and provide insights into the extensive agenda of the Euro Retail Payments Board which he chairs. The conversation will be led by Gottfried Leibbrandt, CEO, SWIFT.

 

14:30 - 15:15 SA

Developing your transaction business with China

Payments, SWIFT Auditorium

China and its future economic and financial market development is the focus of boardroom discussions at many transaction banks around the world. With China experiencing lower growth, greater competition, and more volatility, many banks are re-evaluating their China strategy. On the other hand, the Chinese yuan (aka Renminbi or RMB), is increasingly internationalising and being used as settlement currency for trade flows with China. And there are new important developments like the creation of a China International Payments System to clear global RMB transactions. SWIFT has now developed a China strategy, and in this session you will get the opportunity to understand our view of China over the next 5 years, and how SWIFT can support your transaction banking business in China, as input to your global planning.

Speakers

Eric Yang, Director, China Markets & Initiatives, SWIFT
Philippe Dirckx, Managing Director, Head of Markets & Initiatives, Asia Pacific, SWIFT
Qichen Guo, Head of Cash & Trade Service, China Guangfa Bank
Helen Yu, Managing Director & Head of FI China, Bank of America Merrill Lynch

 

15:00 - 15:30 SWLA

Lite2 cash reporting dashboard for corporates

SWIFTLab

See how SWIFT can provide you with a cash reporting dashboard which consolidates your multibank financial position in one, easy-to-read Excel dashboard.

 

15:15 - 16:15 INN

World Economic Forum (WEF) - Invitation only session

Innotribe, Sibos Workshop

In 2015, the WEF (World Economic Forum) Disruptive Innovation in Financial Services project team explored the drivers and potential implications of innovation across core function of financial services. The group has suggested what the building blocks for the financial architecture of the future could be, based on technological, customer, and regulatory trends. The project also gives feedback on the following impacts: regulatory models for innovation, applications of decentralised systems, blueprint for digital identity, and the impact on society at large.

 

15:30 - 16:15 SWLA

Explore SWIFT’s Business Intelligence latest offering for banks

SWIFTLab

Discover how Watch Analytics Premium, the newest addition to the Business Intelligence portfolio comes to life!

 

15:30 - 16:00 SST

Currency war – A window for the rise of the Renminbi

SWIFT Institute

A balance-sheet recession since 2009 has forced developed market central banks into a sub-optimal policy path of a currency war, which is indeed a zero sum game that has spread to the emerging markets. Behind the currency war, there are seismic structural shifts unfolding for the G3 currencies (USD, EUR, JPY) and emerging markets, giving rise to some secular trends that are conducive to the rise of the renminbi to challenge the global dominance of the G3 currencies. The rise of the renminbi is both an indicator and a result of the evolution in the global macro landscape that shifts economic weight from the developed markets led by Europe, Japan and the US to emerging markets led by China. This lecture will explore the outlook for redefining the global major currency club from G3 to G4 by including the renminbi.

Speakers

Chi Lo, Part-time Lecturer, The Chinese University of Hong Kong

 

15:30 - 16:30 CR1

Driving the industry towards a truly global ISO 20022 standard

Market Infrastructures Forum, Sibos Workshop, Standards Forum

Come and listen to some of the leading market infrastructures share their views on a proposed framework for global harmonisation of the implementation of ISO 20022, followed by a workshop-style discussion to collect your feedback on principles and identify further industry challenges to address. The session will be followed by a harmonisation ceremony at the Standards Forum.

 

15:45 - 16:45 WSA

Risks, opportunities and effects of outsourcing

Securities, Sibos Workshop

As all actors in the industry are facing an accelerated wave of regulatory change, variable market volumes (is this true?) and a growing need for greater efficiency, outsourcing of fundamental front, back and middle-office functions has become a major trend. Recent studies show that up to 80% of market participants are trusting third parties with part of their activities in an effort to provide additional value to their customers, while still focusing on meeting regulatory obligations.

Greater efficiency and cost reduction have been the key drivers for outsourcing in Europe and the US, whereas market internationalisation and growth have been the triggers in Asia Pacific. However, for an industry expecting an increase of regulation and transparency, the transfer of activities and processes between different institutions will not come without major challenges. Does outsourcing support transparency or create additional risk? What are the keys for a successful collaborative model: insourcing, outsourcing or co-sourcing? Can we consider this transfer as a catalyst for cost reduction, de-risking or even Fintech innovation?

 

15:45 - 17:00 CR3

BCBS liquidity monitoring tools: status, challenges, industry collaboration, global implementation.

Payments, Sibos Workshop

The implementation of the BCBS Liquidity Monitoring Tools. What is the regulatory progress and the implementation status? Can industry collaboration help resolve some of these issues? How can the work done by IIF/ BAFT and LITF/ SWIFT best be leveraged at global level? How can these industry groups and SWIFT help further its community become compliant?

Work session hosted with the participation of With the participation of Tod Burwell, President & Chief Executive Officer, BAFT and Michael Knorr, Head of Payments & Liquidity Risk Management, Global Payments Services, Wells Fargo.

 

16:00 - 17:00 WSC

The future of technology vendor risk management

Sibos Workshop, Technology Forum

Why do it yourself if you can outsource to someone who can do it better and cheaper? Today, most financial institutions work with multiple vendors, resulting in a complex supply chain. Trust and security, however, are more important than ever when you have to rely on someone else, especially as you are still ultimately responsible for the service you provide to your customers. In this interactive workshop, we will bring together industry experts to provide their views on the evolution of vendor risk management and third party control frameworks. There will be ample opportunity to raise your questions and share experiences.

 

16:00 - 17:00 CR4

Innovate, learn and disrupt - A practical discussion on becoming agile

Community

Digital disruptors are forcing us to rethink the flow of value and how banks operate. The success of todays leading banks hinge on an ability to learn and rapidly evolve offerings based on feedback from clients and prospects alike.

To achieve this dramatic level of agility, today’s banks are using an approach called DevOps to collapse barriers between business leaders, developers and customers. DevOps enables them to rapidly build and market new products, experiment with disruptive innovations, and continuously assess user feedback to align those innovations with expectations and demand.

Chris Lepre, CTO, International Group, Wells Fargo and Kirk Pattinson, SVP Development, Monitise PLC, in discussion with Sanjeev Sharma, IBM, will unpack what the “new normal” is for disruptive software delivery. Join to learn how to assess your own organization’s readiness for DevOps, and to identify the next steps to adopting its practices.

Speakers

Sanjeev Sharma, Distinguished Engineer, CTO, DevOps Technical Sales, IBM Cloud
Christopher Lepre, CTO, Wells Fargo Bank

 

16:00 - 18:00 4304

Reframing the debate: Shattering the mirrortocracy

Diversity, Sibos Workshop

Amongst the top executives of FTSE 100 companies, there are more men named John (or Jean!) than there are women. Research earlier this year also found that for every woman in a chief executive role in the S&P 1500 firms, there are four men named John, Robert, James and William.

Now that 60% of global university graduates are women, it’s time to reframe the gender debate – the conversation must shift from ‘why’ to ‘how’.

Diversity at Sibos is a new stream for Sibos 2015 Singapore. We will analyse how financial services companies can create, and sustain, a diverse talent pipeline to avoid creating ‘mirrortocracies.’
As part of this stream, we are pleased to announce a special initiative that has been organised in partnership with Barclays and the Singapore Committee for UN Women.

We are inviting the world’s thought leaders, including the contrarians, to join us for a provocative session on gender targets.

A panel of senior figures from the financial industry will explore the impact of quotas in improving the balance of corporate boards. Are quotas simply a blunt instrument, rather than a sharp tool that cuts to the heart of the issue? In which countries have they succeeded, and where have they failed? What other conditions are required to ensure success?

The panel will question how we can build affirmative action without giving a perception of bias. It’s not just about the numbers – how do you change the mindset?

Following this searching discussion, you will have a chance to network with your global peers, compare experiences and examine what has worked in your ecosystem, and what needs to change.

 

16:00 - 17:00 CR5

RMB: Embarking on a new journey towards an international currency

Community

RMB internationalization quickens the process in recent years. With the opening of China’s capital account, and the Cross-border Inter-bank Payment System (CIPS) put into operation, the RMB internationalization will be accelerated into a new stage.

Representatives of the community will discuss and share their insights of the further developments of RMB internationalization. And this in turn, could translate into the opportunities in a very practical way for Sibos delegates in areas of the capital market, asset management and global payments and clearing.

Speakers

Yaseen Anwar, Analyst/Consultant, Industrial and Commercial Bank of China
Changwen Nie, Managing Director/ Director / EVP, ICBC
Becky Liu, Analyst/Consultant, Standard Chartered
Vinod Madhavan, Managing Director/ Director / EVP, Standard Bank
Samuel Lin, Global Markets, UOB

 

16:30 - 17:00 SWLA

In conversation with Scarlett Sieber

SWIFTLab

Have a look at how to build an innovative ecosystem in a corporate environment from idea to product.

Speakers

Scarlett Sieber, SVP of Open Innovation and Ecosystem Building, BBVA

 

16:30 - 17:15 SA

A Question of Finance

SWIFT Auditorium, SWIFT Institute

The first ever Sibos quiz show, brought to you by the SWIFT Institute, partners’ university academics with financial industry professionals for a battle of wits. The quiz will feature two teams of experts answering questions on their own areas of expertise, as well as other areas where they may not be so well versed. Each team will be led by a captain of academia, with two supporting “stars" from the financial industry. Singapore Slings will be served on arrival to the audience...and contestants! This will be a great session to round off the day in the SWIFT Auditorium. Just how smart are academics and financial industry professionals? Come along and find out! Immediately followed by a SWIFT Institute and Business Intelligence networking cocktail reception.

Speakers

Julia Streets, CEO, Streets Consulting Ltd
Erik Jones, Professor of International Political Economy, The Johns Hopkins University
Robert Kauffman, Professor of IS, Associate Dean (Faculty), Singapore Management University
Marcus Treacher, Board Member and Chair of Corporate Advisory Group, SWIFT
Ruth Wandhöfer, Global Head of Regulatory & Market Strategy, Citi
Ts Shankar, Head of Clearing & Liquidity Products, Correspondent Banking, Standard Chartered
Paul Inglis, Head of Payments Industry, ANZ

 

16:30 - 17:30 INN

Leveraging modern payment platforms for accelerating social impact

Innotribe

As of June 2015, the UN estimated that there are 60 million refugees across the world. Twice the population of Canada and 80% equivalent of the population in the UK. Refugees present unique problems because they are financially excluded as there are no formal banking services available to refugee populations. This exclusion happens for a variety of reasons: legally by statelessness; physically by geography (a camp for example); or for lack of government issued ID in the host country which prevents opening a bank account. They are the poorest of the poor – the most unbankable of the unbanked. Surprisingly, they appear to be uniquely ignored in global financial inclusion programs and research studies.
Together with the financial institutions and modern innovative payment platforms and innovation, we will explore how we can accelerate social impact for refugee populations by devising or applying financial technology to refugee situations.

Speakers

Akhtar Badshah, PhD, Chief Catalyst, Catalytic Innovators Group
Kosta Peric, Deputy Director, Financial Services for the Poor, Bill & Melinda Gates Foundation
Daniel Marovitz, President, Europe, Earthport
Christine Duhaime, Founder, Digital Finance Institute
Sam Maule, Emerging Payments Practice Lead, Carlisle & Gallagher Consulting Group, an NTT Data Company

 

16:45 - 18:00 SF

ISO 20022 Harmonisation Charter Ceremony, followed by Close Harmony Celebration

Standards Forum

As the industry gets together to ensure a disciplined and coordinated deployment of ISO 20022, we invite everyone to come and raise a toast to the ISO 20022 Harmonisation charter. Check in on the Standards Forum stand to experience ISO 20022 in close harmony, and meet old and new friends.

Wednesday 14 October

08:00 - 09:00 CR2

SWIFT Institute meets the Compliance Forum

Compliance Forum

Since 1996, the rapid development of third-party payment providers, particularly for online purchases, has facilitated business development and helped boost overall economic growth. At the same time, the anonymity afforded by third-party payments has brought with it the increased risk of money laundering and terrorist financing, as well as increased opportunities for gambling, fraud, and phishing, amongst other illegal activities. While regulation has increased exponentially for banks and other financial institutions, its development has been slower in the third-party payment space. That appears to be changing, however, particularly in the area of anonymity and virtual currencies. This session will present newly published research into the risks and measures that are being put in place to regulate such activities. Are these measures enough or is additional mitigation required?

Speakers

Jonathan Rosenthal, Senior Editor, The Economist
Cheryl Gurz, Emerging Technology Segment Manager, BNY Mellon
Patricia Jouan, Head of Societe Generale group Financial Crime, Société Générale
Carolyn Burke, Payments, RBC
Nathan Van de Velde, Legal Researcher, ICRI-CIR – iMinds, KU Leuven

 

08:30 - 09:00 CR1

Corporate Forum Opening Address Day 1: Shaping the future of treasury and trade

Corporate Forum

The Corporate Forum offers the industry a venue for discussing progress of industry innovations in treasury and trade. Technology is omnipresent in Corporate Banking and communications platform such as SWIFT are key assets for financial institutions to roll out new services to their clients. How are we ensuring the needs of both banks and corporates are being fully addressed by SWIFT’s portfolio for Corporates? Which are the key innovations that will help banks remain successful?

Speakers

Alain Raes, Chief Executive APAC and EMEA, SWIFT
Masayuki Shimura, Senior Managing Director, SMBC

 

09:00 - 09:45 SF

A little less conversation, a little more action: Standards and effective compliance

Standards Forum

The intersection of standards and regulation has been a recurring topic at the Standards Forum at Sibos. Over the last several years the Forum has witnessed furious agreement between regulators, standardisers and the industry about how standards can both boost the effectiveness of regulation and reduce the compliance burden.
This year we will examine what has happened since, and what the next steps are. Join us to learn about several recent initiatives that are bringing standards and regulation together in practice, what has been learned about the practical challenges and obstacles, and what the future holds for the approach.

Speakers

Natasha de Terán, Head of Corporate Affairs, SWIFT
Stephen Lindsay, Head of Standards, SWIFT
Jana Mackintosh, Policy Manager, Payment Systems Regulator
Michael Bellacosa, Director, Product Management, BNY Mellon

 

09:00 - 09:45 CR4

Thrive or die - Why not piggy back innovation on regulation?

Community

New competitors are entering the financial industry every day – all with the goal to steal a little bit of market share. Is it possible to invert the maintenance spend and introduce innovation on top of regulation? Is it the only way to make competitive strides in this regulatory climate? Financial institutions must find a way to compete more effectively and to do so means finding the budget. In this session, industry experts will debate whether new products and services can be introduced alongside regulatory changes such as ISO20022, immediate payments, PSD2, Dodd-Frank, BASEL III, etc.

Speakers

Charles Hounsell, Vice President/ Functional Head, TD Bank Group
Craig Saks, Managing Director/ Director / EVP, ACI Worldwide
James Whittle, Director of Industry Policy, Payments UK
Sailesh Panchal, Vice President/ Functional Head, Lloyds Bank

 

09:00 - 09:45 CR5

Market infrastructure integration - What remains to be done?

Community

Great steps have been taken to integrate the market infrastructure in Europe. T2S, TARGET2 and the SEPA payment schemes are successful examples. However, further harmonisation is needed to achieve a fully integrated market infrastructure. What remains to be done and how can we achieve it in the best and most efficient way?
Hear the views of Mr Mersch, Member of the Executive Board of the European Central Bank, and listen to the opinions of the panel members.

Speakers

Yves Mersch, Executive Board Member, European Central Bank
Paul Symons, Vice President/ Functional Head, Euroclear
Werner Steinmueller, Managing Director/ Director / EVP, Deutsche Bank
Jochen Metzger, Head of the Department Payments and Settlement Systems, Deutsche Bundesbank
Alain Pochet, Head of Clearing, Custody and Corporate Trust, Bnp Paribas Securities Services
Marc Bayle de Jessé, General Director, European Central Bank

 

09:00 - 09:45 CR2

Securities transparency: Is this the next frontier?

Compliance Forum, Securities

With increased use of financial sanctions globally, and regulatory pressure to maintain strong sanctions compliance capabilities, the spotlight has fallen more and more on the securities industry. Regulators are concerned about the lack of transparency in securities flows, and the difficulty in establishing the beneficial ownership within securities transactions chains due to the use of central counterparties, omnibus accounts and nominee structures. Will the 4th AML directive have further impact on due diligence requirements in this sector? This session will discuss the challenges, and potential solutions which will require multiple players to work with one another to establish and mitigate the risks in this area of uncertainty in the sanctions compliance landscape.

Speakers

Jonathan Rosenthal, Senior Editor, The Economist
James Freis , Chief Compliance Officer, Deutsche Börse
Olivier Goffard, Head Group Compliance & Ethics, Euroclear
Henrik Koch, Global Head of Authentication & Financial Anti-Crime, Nordea Bank AB

 

09:00 - 09:45 CR1

The future of corporate banking – What do corporate clients expect from banks?

Corporate Forum

The role of corporate treasurers has become significantly more strategic over the last few years and they now occupy a key position within large corporations and multinationals. In addition to handling traditional treasury tasks such as optimising cash management, liquidity and balance sheet, treasurers increasingly also focus on working capital management, risk mitigation and trade finance. How are corporate requirements evolving? How can banks remain the preferred financial partners of corporates? What are the key investments that banks now need to focus on?

Speakers

David Blair, Managing Director, Acarate Consulting
Damian Glendinning, Treasurer, Lenovo
Peter Wong, Founding Chairman, IACCT (China) and Director, PwC, The International Association of CFOs and Corporate Treasurers (China)
Mohamad bin Derwish, Treasurer, Telekom Malaysia Berhad

 

09:15 - 10:00 SWLA

SWIFTRef, come and see how to improve straight-through processing of your payments

SWIFTLab

Dive in the world of SWIFT’s reference data services and roll up your sleeves to adopt data quality!

 

09:15 - 10:00 INN

Innotribe day opening

Innotribe

The second day of our programme was dedicated to Society. Join this session to get a condensed summary of the discussions and a preview of today’s agenda. We will also continue our introduction to the 2016 plans, giving you an update on existing initiatives and promoting new ones. This will be in the format of an interactive and facilitated conversation between our speakers, the audience and thought-leaders.

Speakers

Kevin Johnson, Innotribe Startup Challenge Manager, SWIFT
Akhtar Badshah, PhD, Chief Catalyst, Catalytic Innovators Group
Fabian Vandenreydt, Head of Markets Management, Innotribe, the SWIFT Institute and Partner Mgmt, SWIFT

 

09:30 - 10:15 CR3

Despite what you heard, colour does matter!

Diversity

Follow James Sun through his personal journey and passion as a unique diversity advocate and speaker. James takes a new and refreshing approach to diversity where he talks about the value of people’s differences in culture, race, and beliefs versus ascribing to the belief that we are all the same. His philosophy is a culmination of his personal experiences combined with his study of human behavior by analyzing millions of data points around online ethnic social dynamics. Even hear his direct testimony of how he handled a discriminatory response by a casting director on Donald Trump’s show, The Apprentice, who said “Asian men don’t make for good television.”

Speakers

James Sun, Owner, Anomo

 

09:30 - 10:15 SA

SWIFT for Real-Time Payments

Payments, SWIFT Auditorium

The case for implementing real-time retail payments is becoming increasingly apparent. Consumers expect to pay anywhere, anytime, with instant funds availability. But approaches differ and solutions vary… Join this session to hear about SWIFT’s solution to enable operations on a 24/7/365 basis and how we are working with the industry to address some of the knock-on effects of real-time payments.

Speakers

Bill Doran, Head of Oceania, SWIFT
David Brown, NPP Program Director, Payments Settlements, Reserve Bank of Australia
Philip Joyce, Managing Director - Payments, Global Transactional Services, Westpac Institutional Bank
Susan Bray, General Counsel / Head of Self-Regulation, APCA
Craig Kennedy, Managing Director, Cuscal Ltd.

 

10:00 - 10:45 SWLA

MyStandards - Standards made simple

SWIFTLab

Roll up your sleeves and experience how MyStandards can help you manage your specifications and onboard customers in a streamlined way!

 

10:15 - 11:15 SF

Progress report: New ISO 20022 regulatory compliance initiatives

Standards Forum

Regulators and market overseers are more conscious of the benefits of standardisation than ever before. They have realised the advantages of clearly identifying the data elements needed on regulatory reports using the standard definitions that are already familiar to their regulated institutions, and the discussions are now leading to specific actions. Organisations such as the European Central Bank (Money Market Statistical Reporting) and the Russian Corporate Payments Market Practice group are publishing information requirements with specific reference to ISO 20022 data definitions. Attend this session to hear more details about how and why this pattern is likely to develop, and what benefits it will bring to both regulator and regulated institutions.

Speakers

Roman Chernov, Executive Director, ROSSWIFT
Michel Stubbe, Head of the Financial Operations Services Division, European Central Bank
Enrico Camerinelli, Senior Business Analyst, Aite Group
Boon-Hiong Chan , Director, Head Market Advocacy APAC, Deutsche Bank

 

10:15 - 11:15 CR5

Real-time payment and digital banking: Nordic session

Community

The Nordic financial industry is one of the most effective ecosystems for payment services. In the session we will share the Nordic experience in implementing real-time payments infrastructure, used in digital banking and real-time services. We will also focus on handling information security in relation to these real-time services.

Speakers

Dag-Inge Flatraaker, General Manager, DNB Bank ASA
Erkki Poutiainen, SVP, Public Affairs, Nordea Wholesale Banking
Freddy Haraldsen, Managing Director/ Director / EVP, Nets
Fabrice Denele, Board member of SWIFT s.c.r.l. /Chair of the Sanctions Advisory Group, BPCE Group
Torbjorn Ericsson, Board Member / CEO / CFO, Bankgirocentralen BGC AB

 

10:15 - 11:15 CR4

Capturing new payments transactions opportunities from developing trade corridors

Paymentsem>

Developing trade corridors present numerous payments opportunities. In this session, we will take a detailed look into trade flows market dynamics and reflect on which truly will be game changers. We will debate the challenges banks face in capturing new opportunities such as coverage, new competition, risk management and regulation.

Speakers

Daniel Cotti, Founder & Managing Director, COTTI TRADE & TREASURY
Mark Troutman, Payments & Cash Management, HSBC
Yin Fong Lum, Institutional Banking Group - GTS Cash & Trade, DBS Bank
Yun Xia, Senior Manager of Supply Chain Finance,Global Trade Services Dept., Bank of China
Sukand Ramachandran, Partner and Managing Director, The Boston Consulting Group
Joon Kim, Director and Head of Global Trade Product, BNY Mellon

 

10:15 - 11:15 CR2

Compliance back to the future

Compliance Forum

The financial crime compliance landscape looks very different than it did in 2010. How will it have changed again in five years’ time? Will enforcement actions continue to make headlines? Are there other illicit activities that will need to be combated, which haven’t yet made headlines? Will we see greater convergence in terms of regulation, standards and practices, or will fragmentation continue? How will geopolitics and the evolving tactics of financial criminals affect the way banks do business and regulators write laws? Will sectorial sanctions continue to evolve? What is the view of the underlying clients, and how will they be impacted by increased extra-territorial demands from regulators in many markets, and not just those that have been most active to date?

Speakers

Jonathan Rosenthal, Senior Editor, The Economist
Tassilo Amtage, Senior Regulatory Advisor, Commerzbank AG
John M. Wagner, Managing Director, Anti-Money Laundering and Sanctions Consulting, Deloitte
Markus Schulz, Wolfsberg Represenattive, The Wolfsberg Group
Guillermo Horta, Managing Director and Head of Global Financial Crimes Compliance (GFCC), Americas, Bank of America Merrill Lynch

 

10:15 - 11:15 CR3

How to create and sustain a diverse talent pipeline

Diversity

The central theme of the diversity discussions at Sibos 2014 Boston was ‘Women in Finance’, with a particular focus on the lack of women in leadership positions and in board rooms within the Financial Industry.

For Sibos 2015 Singapore, we will analyse what needs to happen in order to actively create and sustain a diverse talent pipeline within global financial services companies, allowing them to fill high level leadership positions in the near future.

Numerous companies across industries have already proven their increased competitiveness based on a diverse leadership, yet there is still a fundamental knowledge gap across businesses that need to understand the value of promoting diversity and also what actions need to be taken in order to ensure the ‘diverse pipeline’ does get built.

Join us on Wednesday 14 October at the Sands Expo and Convention Centre for a Keynote speech on the topic of diversity, followed by a panel discussion that will focus on this challenge by confronting the experiences and point of view of industry experts and also ‘Powerwomen’ and ‘Millennials’ from the Fin Tech industry.

Speakers

Melissa Rancourt, Founder & Chairman, Greenlight for Girls
Hashim Shawa, Chairman and General Manager, Bank of Palestine PLC
Scarlett Sieber, SVP of Open Innovation and Ecosystem Building, BBVA
Fern Ngai, Chief Executive Officer, Community Business

 

10:15 - 11:15 CR1

Treasury management practices in Asia: Which key models prevail in the region?

Corporate Forum

Setting up in-house banks is common practice in the multinational corporate world, specifically in Europe and US. Given the growth of Asia-based multinational corporations in recent years, the number of companies transitioning to in-house banks is growing in the region. Is this trend set to expand further? Are alternative treasury management models and practices emerging? Which regulatory hurdles are on the horizon? What are the benefits and drawbacks of the various treasury centralisation models?

Speakers

Richard Parkinson, Managing Director, Treasury Today
Dianne Challenor, Head of Treasury Services, Asia Pacific, J.P.Morgan
Nicholas Soon, Finance Lead, British American Tobacco
Bilie Huang, Chief Financial Officer, SinoTrans & CSC Group
John Wong, Managing Director, Group Head Transaction Banking, Global Banking, Maybank

 

10:30 - 11:15 SA

Why financial institutions need an ISO 20022 implementation strategy now

SWIFT Auditorium

ISO 20022 is emerging as the default messaging standard for market infrastructures around the world. There are currently 200+ initiatives that span payments, securities and regulation. In Europe, the full end-to-end cash and securities settlement will happen in ISO 20022, through SEPA, T2S and TARGET2, and EBA EURO1/STEP 1. In Asia-Pacific, there are around 40 payments and securities initiatives that are moving to ISO 20022, and in the Americas, ISO 20022 is the enabler in many strategic transformation projects. How can your institution integrate this new enabling technology for improving automation and lowering cost and risk in operational processes? This session explains how to build a strategic and tactical implementation roadmap for ISO 20022, and also outlines how SWIFT could help.

Speakers

Lionel Rosenfeld, Head Global Messaging, Credit Suisse
Jennifer Kow, Head of Payments Product Management, DBS Bank

 

11:30 - 12:30 PLR

Disruption, geopolitics, and finance: Managing the risks

Big Issue Debate/Plenary

After decades of relative calm, geopolitical tensions are rising and playing an increasingly influential role in finance, economics and related regulation. At the same time technological innovation in and around the financial area appears to be at an all-time high. Our panel of experts will explore how the inextricably linked global capital markets, transaction banking business and international financial system is managing these risks and adapting to these changes, and how it is – and could be further – impacted by the ongoing developments. They will investigate how the financial markets are coping with the post-crisis retrenchment, the ensuing financial reforms, the geopolitical tensions and to what extent new technologies will add to (or mitigate against) some of the disruptive developments. We will also investigate how some of the less integrated but large and fastest-growing markets are dealing with the new normal; how and to what extent they are still seeking to integrate and internationalise - and to what extent their growing dominance in the global financial markets is reflected in the institutional architecture. Finally we will explore how policymakers are structuring the regulatory architecture in this untested environment and what can financial institutions do to ensure they are positioned to manage both manage the risks created by geopolitical events and exploit the opportunities offered by technological developments.

Speakers

Gideon Rachman, Chief Foreign Affairs Columnist, Financial Times
Blythe Masters, CEO, Digital Asset Holdings
Wu Jianmin, Member of the Foreign Policy Advisory Group of the Chinese Foreign Ministry, China Institute for Innovation and Development Strategy
Robert Guest, Foreign Editor, The Economist

 

12:00 - 12:45 SWLA

Alliance Messaging Hub

SWIFTLab

Come and see how to consolidate your strategic operations across the globe through a single window with AMH.

 

12:45 - 13:45 INN

Why banks need FinTech hubs

Innotribe

Everything you need to know about FinTech Hubs, but were afraid to ask. It seems like every city wants to become the FinTech capital of the world. We are witnessing a battle for talent, startups and investment by economic financial centres. Based on original research commissioned by Innotribe, this session compares six FinTech Hubs: Silicon Valley, New-York, London, Switzerland, Singapore, Sydney. We’ll have some basic statistical comparison data and graphics, and will let each hub comment and complement on why they are the best in town.

Speakers

Bernard Lunn, Founding Partner, Daily Fintech Advisers
Maria Gotsch, President and CEO, Partnership Fund for New York City
Alex Scandurra, CEO, Stone and Chalk
Markus Gnirck, Co-Founder and Global COO, Startupbootcamp FinTech
Nicolas Mackel, CEO, Luxembourg For Finance
John Hucker, Founder, Swiss FinteCH / finteCH meetup zurich
Lawrence Wintermeyer, CEO, Innovate Finance
Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore (MAS)
Mike Sigal, Partner, Cashflower
Wim De Waele, CEO, Eggsplore

 

13:00 - 13:45 SF

Compliance focus: Finding the needle by standardising the payments haystack

Compliance Forum, Standards Forum

Financial institutions have invested heavily in financial crime compliance systems, processes and personnel. However, the best compliance programmes are only as good as the payments data they have to work with. The increased focus on financial crime prevention has highlighted the fact that data often is insufficient or inaccurate – particularly in terms of originator and beneficiary information in payment and trade messages. Whilst data quality is a high priority from a compliance point of view, proposed solutions, such as ending free-format fields, could have a major operational and cost impact. As with so many compliance-related topics, the challenge is to balance the imperative of meeting one’s regulatory obligations with the need to keep cost and operational impact manageable.

Speakers

Brigitte Dewilde, Financial Crime Intelligence & Services, SWIFT
Thomas Egner, Head of Business Development Group Banking Operations, Commerzbank AG
Joanne Strobel, Head of Technical Sales and Strategy for Global Payment Services, Wells Fargo
David Howes, Deputy Head of Financial Crime Compliance, Standard Chartered

 

13:30 - 14:15 SA

Simplify sanctions compliance with SWIFT’s expanding shared services portfolio

Compliance Forum, SWIFT Auditorium

SWIFT’s shared services simplify sanctions compliance and mitigate related cost and risk. Sanctions Screening is a best-in-class, hosted screening solution. Sanctions Testing improves your existing screening systems and processes. Find out why these services have been received so enthusiastically, and learn how upcoming solutions such as sanctions list management will further strengthen your sanctions compliance programme.

Speakers

Henrik Koch, Global Head of Authentication & Financial Anti-Crime, Nordea Bank AB
Richard Moore, Group Head of Financial Crime & Security Services, DBS Bank

 

14:00 - 15:00 CR4

U.S. stakeholder group update on ISO 20022 implementation

Community

A U.S. Stakeholder Group – consisting of the Federal Reserve Banks, The Clearing House, NACHA and ASC X9 – have engaged with the broader U.S. market to analyze the adoption of ISO 20022 message standards for the U.S. market infrastructures. This analysis includes reviewing use cases, mapping guidelines, roadmaps for adoption and potential timelines for action with key participants in the U.S. payment industry. In January 2015, the Federal Reserve Banks proposed a strategy for improving the U.S payments system which included support for adoption of ISO 20022 message standards in the U.S. payments infrastructure; The Clearing House also has stated support for the adoption of this message standard for the development of a Real-time Payments System. The U.S Stakeholder Group will report on what they have learned from the industry outreach and provide insight into the roadmap and timeline for adoption of ISO 20022 messages standards in the U.S. market.

Speakers

Roy DeCicco, Board Chairman, ASC X9 / Managing Director, J.P.Morgan
Richard Dzina, Executive Vice President and Wholesale Product Office Director, Federal Reserve Bank New York
Eileen Dignen, SVP, Product Development and Strategy, The Clearing House

 

14:00 - 15:15 WSA

Asset servicing: Issuer to investor automation

Securities, Sibos Workshop

The lack of automation and STP between the issuers/issuer agents and their CSDs remains one of the most important risk factors in the asset servicing area for the entire securities value chain. Accuracy and timeliness of Corporate Actions and General Meeting announcements is critical for end investors, and shareholder transparency has become important for issuers. In recent years a number of initiatives have been launched in Asia Pacific countries to bridge the transparency gap between issuers and end investors. The workshop will discuss why APAC is leading the way and what the triggers have been for automation and standardisation. Could these models be replicated in other countries?

 

14:00 - 14:45 SF

Beyond messages: ISO 20022, APIs and the PSD2

Standards Forum

A movement towards open access is set to transform the banking industry, driven by the combined forces of new technology and regulation. The EU’s Payment Services Directive 2 and similarly intentioned regulation in the UK and elsewhere, aim to open up the industry to innovation and competition as never before by requiring banks to implement open APIs for core services that will be accessible to third parties. What are the implications of this trend for banks, consumers and the fintech industry? And what lessons can and should we learn from previous waves of industry automation like standardized financial messaging?

Speakers

Ruth Wandhöfer, Global Head of Regulatory & Market Strategy, Citi
Stephen Lindsay, Head of Standards, SWIFT
Nathan Van de Velde, Legal Researcher, ICRI-CIR – iMinds, KU Leuven
Jerry Norton, Head of Strategy for CGI’s UK Financial Services, CGI

 

14:00 - 15:15 CR1

ERP vs. TMS vs. Excel - Friends or rivals?

Corporate Forum, Sibos Workshop

Treasury departments have a growing set of technology options to manage their liquidity-related information flows. Over the recent years, ERP solutions have being extended with treasury functions and the emergence of cloud technologies have prompted specialised treasury vendors to launch multi-bank treasury portals. Despite such attractive vendor propositions, it seems spreadsheet-based treasury management remains the most widely practice. Does the use of Excel represent competition to ERP and TMS propositions? Or are those tools complementing each other? How will the use of those tools evolve in the future considering bank's continued investments in web portals?

 

14:00 - 15:00 CR5

24/7 real-time payment initiatives, Asian perspective - Part 2

Community

This is a follow-up session of "24/7 Real-time Payment Initiatives, Asian Perspective "held at Sibos Boston.
New frontiers for payment system revolution originated in UK have been spreading across the globe. Asia is no exception. Various 24/7 and real-time payment initiative have been launched or planned here and there in the region. These initiatives have stimulated central bankers’ thoughts on near future development of payment and settlement systems. During this session, senior central bank officials from Asia Pacific will give update of the initiatives in their jurisdictions by sharing their high level insights, project scope and confronting challenges from a central bank perspective.

Speakers

Tomohiro Usui, Section Head/Supervisor, Bank of Japan
David Brown, NPP Program Director, Payments Settlements, Reserve Bank of Australia
Jeryl Poh, Compliance officer / Risk manager, Monetary Authority of Singapore (MAS)
Clarence Hui, Departmental Manager, HKMA

 

14:00 - 15:00 CR3

Change will never be this slow again - Reaching your next billion customers

Community

ICT is disrupting traditional ways of thinking, giving rise to new products and services, including improvements in efficiency for the financial services industry. The question isn’t whether this industry will be transformed, but how soon it will happen.
At Ericsson we have a vision of a Networked Society where ICT is the catalyst for radical transformation and new efficiencies. In this cross-industry panel we will explore some of these developments as they relate to mobile financial services including barriers and opportunities, roles different stakeholders can take, sustainable financial inclusion, and our journey towards the next billion customers. We will consider different challenges and explore the fundamentals necessary for building long-term, sustainable success in mobile financial services.
Finally, we will take a closer look at the interdependence between social and financial inclusion – and what role mobile technology has in enabling this. Studies show that broader participation in the financial system can have tremendous impact on a society and financial inclusion is now seen as a way of reaching the goal of a more socially inclusive planet.

Welcome to this cross-industry panel!

Speakers

Goran Loncaric, Head of M-Commerce Technical Solutions (Moderator)
Kamal Quadir, CEO of bKash, Bangladesh
Kosta Peric, Deputy Director of the Financial Services for the Poor initiative at the Bill & Melinda Gates Foundation
Songpol Chevapanyaroj, Senior Executive VP, Managing Director, Global Transaction Banking Group, Krung Thai Bank Public Company Limited
Gan Siok Hoon, VP of mCommerce at Singtel and CEO of SingCash Pte Ltd
Leon Perlman, representing the ITU Focus Group for Digital Financial Services
Tunmbi Idowu, Head of Compliance & Risk Control at Ericsson

Speakers

Kosta Peric, Deputy Director, Financial Services for the Poor, Bill & Melinda Gates Foundation
Olutunmbi Idowu, Head of Compliance & Risk Control, Ericsson M-Commerce, Ericsson
Songpol Chevapanyaroj, Head of Global Transaction Banking, Krungthai Bank
Goran Loncaric, Head of M-Commerce Technical Solutions, Ericsson
Kamal Quadir, Board Member / CEO / CFO, BKASH
Leon Perlman, Analyst/Consultant, ITU
Siok Hoon Gan, Vice President/ Functional Head, Nil

 

14:00 - 14:30 SST

Risk management in the age of disruption

SWIFT Institute

In this brave new world powered by exponentially evolving technology, every organization faces disruptive threats. Titans managed with centralized predict and control paradigms will increasingly stumble as non-linear interactions result in unanticipated changes. Furthermore, in an over-connected world, small failures can quickly cascade into systemic breakdowns. As in healthcare, our best chance for managing systemic risk lies in early diagnosis and action. And yet, how do we differentiate signal from noise in a deluge of data? Network science enables us to detect hidden patterns in complex data, and to proactively mitigate emerging risk before tipping points are crossed. We will show how Financial Cartography can serve as a mass collaboration platform to amplify social intelligence and navigate an increasingly challenging landscape.

Speakers

Alan Laubsch, Director, Financial Network Analytics

 

14:00 - 17:00 CR2

Innotribe Startup Challenge Finale

Innotribe

One of the top moments of Innotribe at Sibos is the 2015 Innotribe Startup Challenge Finale. The Innotribe team ran 4 regional showcases in London, Cape-Town, Singapore and New York to find the top 20 finalists participating to the event.

This year again, the 12 early-stage startups will pitch against each other for a cash price of 50,000 USD and the audience will vote for this year’s winner.

The format will be different for the 8 growth-stage finalists. They will host individual exhibition booths on the Innotribe Stand, giving the opportunity to Sibos delegates to get live product demos.

The Startup Challenge Finale will be followed by a reception – including the winner announcement.

Speakers

Kevin Johnson, Innotribe Startup Challenge Manager, SWIFT
Fabio Maffioli, Innotribe, SWIFT

 

14:30 - 15:30 SWLA

Messaging for corresponding banking on SWIFT (Lite2 and sanctions screening)

SWIFTLab

First, come and see the creation of a message on Lite2 (MT 103 or 202 COV). Then explore the sanctions screening filtering tool.

 

14:30 - 15:15 SA

Efficiency as a service (EaaS) – The SWIFT community cloud

Corporate Forum, SWIFT Auditorium

Over the past few years, application and service providers have made much of the concepts of Software as a Service (SaaS), Infrastructure as a Service (IaaS) and Platform as a Service (IaaP). But after all this time in the spotlight, a key question remains: have such hosted solutions really disrupted the way we do business and operate IT solutions?
Cloud has indeed brought elasticity for business requirements combining rapid implementation, cost efficiency and scalability. Since 2010, SWIFT has continued to evolve its offering, with cloud solutions enabling direct connectivity to the SWIFT Network to more than 1600 customers.
This session brings together four professionals from differing markets – a corporation, a stock exchange, a bank and a service provider – to discuss their varying experiences of the cloud, and how they see the future impact of hosted solutions on the financial world.

Speakers

Anand Bindumadhavan, Head of SWIFT Services & Support in ASIA, SWIFT
Jacob Katsman, Chairman & CEO, GlobalTrade Corporation
Manabe Toshihiro, General Manager of Transaction Business Planning Department, SMBC
Alawi Alshurafa, Treasurer, Saudi Chevron
Neeraj Kulshrestha, Chief of Business Operations, Bombay Stock Exchange

 

14:30 - 15:00 SST

How and why China's domestic securitisation market will leapfrog the West

SWIFT Institute

China's domestic securitization market began as a casual outlet for disposing impaired bank loans and funding municipal projects. Since the end of 2012, however, China's financial system regulators have worked intensively and collaboratively to craft a workable, whole-market architecture. In 2014, what had begun as a pilot morphed into a serious channel for raising domestic debt capital. Today China's private sector is pushing the domestic market towards exchanges and the internet, breaking through the barriers of the Anglo-Saxon ABS model.

Speakers

Ann Rutledge, Adjunct Assistant Professor of Finance, Hong Kong University of Science and Technology

 

15:00 - 15:30 SST

Transparency in securities transactions and custody chains

SWIFT Institute

In the post Global Financial Crisis environment, participants in global capital markets take it for granted that their securities transactions will be supported by operational systems that offer a robust clearing and settlement process. Global custodians and the systems that they use operate in an electronic, intermediated and cross-border environment whereby physical assets have been replaced by electronic records. However, the securities settlement industry is facing intensive regulatory pressure to establish with greater certainty transparency in securities transactions and custody chains. The requirements of KYC, AML and sanctions screening place greater importance on the need for custodian banks to have a clearer understanding of who lies behind cash payments, securities transactions and assets in custody. The omnibus account which is seen as a primary source of operational efficiency has regulators concerned because it can be difficult to identify who the ultimate beneficiaries might be. Those concerns, however, may not be justified. New research commissioned by ISSA found that omnibus and segregated account systems, as well as hybrid systems that bridged the two, offer benefits to their respective users as well as disadvantages. In this talk Professor Stuart Weinstein will discuss those benefits and disadvantages, and suggest the way forward for both the industry and regulators to achieve closer alignment.

Speakers

Stuart Weinstein, Professor of Practice Informed Legal Education, and Head, Coventry Law School

 

15:30 - 16:15 SWLA

Shield your back-office from migrating to ISO 20022 in the most efficient way (case study: High value payment converter for participants)

SWIFTLab

Experience SWIFT’s high value payment converter for participants in an interactive way, and try thisIntegration Business App that allows market infrastructures and customers to adopt ISO 20022.

 

15:30 - 16:30 CR3

Who's driving the future of payments anyway?

Community

The way consumers pay for goods and services is changing radically. Join First Data’s Andrew Gelb, EVP of Global Financial Solutions and Capgemini’s Christophe Vergne, Head of Payments CoE as we provide an inside look at the future of payments and how consumers drive the new world with their demands for outstanding user experiences, localized functionality, and secure transactions with a host of attractive loyalty options. All of this, wrapped up in the hottest consumer devices, from tablets to phones to wearables. If you make money or spend money, you’ll want to be a part of this forward-looking conversation.

Attendees to this session will learn:
1. If Cards can remain the most popular payments means despite new forms of payments and alternative players
2. How real-time payments will impact the cards industry
3. What Banks are doing to keep up with the changing payments landscape

Speakers

Christophe Vergne, Head of Payments CoE, Capgemini
Ravi Pochiraju, Vice President/ Functional Head, First Data Corporation

 

15:30 - 16:15 SA

Empower your compliance teams with insights from SWIFT’s compliance analytics

Compliance Forum, SWIFT Auditorium

Compliance Analytics can help a bank monitor and address financial crime risk by leveraging its SWIFT message traffic data. It provides a global oversight of payment flows, monitors trends, and helps you spot anomalies, enabling you to focus your compliance activity and react quickly to address and mitigate correspondent risk. The service portfolio is also expanding to cover data quality related to the latest regulation and FATF recommendations.

Speakers

Brigitte Dewilde, Financial Crime Intelligence & Services, SWIFT
Peter Burns , Head of Transformation Transaction Monitoring, HSBC
Thomas Piontek, Senior Regulatory Advisor, Commerzbank AG

 

15:30 - 16:30 CR4

The internationalisation of RMB: New opportunities for ASEAN economies

Community

Although RMB should no longer be expected as one-way appreciation vehicle, it is still a currency that offers very good relative value with attractive interest rate and stable exchange rate. The China's fast growing economy and 2nd largest economic scale makes its currency increasingly acceptable to all corporations and financial institutions.

At this Community Session, the most internationalised bank in China, Bank of China, together with senior representatives from the community, will present an update on the policies and initiatives to promote RMB going global, and market updates in the offshore RMB market. Experts and senior executives will share with you the first hand, actionable insights for business leaders, on the most popular topic – the Internationalisation of RMB. The discussion will cover a number of popular subjects, such as One Belt One Road, Chinese capital account relaxation, Free Trade Zone, Hong Kong - Shanghai Stock Connect, and etc. Fundamentally, the session aims to answer the pivotal question: “How could corporates and financial institutions in ASEAN economies embrace the new opportunities?”

Speakers

Stephen Chan, Managing Director/ Director / EVP, Bank of China (Hong Kong) Limited
Zhihuan E, Departmental Manager, Bank of China (Hong Kong) Limited
Swee Siong Lee, Cash Management Product Head, Global Transaction Banking, OCBC
Kian Thong, Jimmy Lim, Board Member / CEO / CFO, Haitong
Thomas Jefferson Wu, Managing Director/ Director / EVP, Bank of China (Hong Kong) Limited
Chen Wen Yi, Deputy General Manager, Global Trade Services Department, Bank of China

 

15:30 - 16:30 CR5

Payments fraud: How to de-risk mission-critical business transactions

Community

Payments fraud, data leakages, and cyber-attacks are all over the media. But how do we address fraud in a changing world veering towards full digitalisation, mobile access, and globalisation? The obvious first step is to reinforce fire-walls and systems access to protect against external attacks. However this does not address insider fraud and data theft which are carried out by authorised users employing simple, legitimate commands to manipulate systems and data. This is further complicated by the increased focus on cyber security stipulated by the regulators, new threats coming from cloud based offerings, and the need to better control mission critical transactions that the SWIFT community has to handle every day.
This presentation highlights the requirement for a multi-disciplinary approach and outlines various security layers and their interaction.

Speakers

Frederic Viard, Departmental Manager, Bottomline Technologies
Eric Campbell, Analyst/Consultant, Bottomline Technologies
Etienne Savatier, Vice President/ Functional Head, Bottomline Technologies

 

15:45 - 17:00 WSC

The future outlook of funds distribution in Asia

Securities, Sibos Workshop

Asia's fund markets are changing, and fast: the growth of its middle class, a rapidly ageing population, the disruption of traditional distribution channels by the entrance of new ones and opportunities to sell across borders are emerging, as well as the establishment of fund-passporting regimes.
These forces are prompting a rethink in how funds are distributed, and distribution will no longer be a single-step process, but a multi-faceted one with many considerations.
In this interactive workshop, come and join Asia industry experts in the debate on what the future for funds look like in Asia.
The rise of online distribution and its governance challenges, the mutual recognition agreement between Hong-Kong and China, the stock exchanges supplying alternative funds distribution channels, the rising so-called ‘funds hubs’, and the regulators’ role in the success of a distribution channel are some of the topics that are going to be covered in this session.
Let’s look ahead together - join the dialogue!

 

15:45 - 17:00 SF

Innovating in payments and cash management using ISO 20022

Corporate Forum, Sibos Workshop, Standards Forum

In the area of payments and cash management, ISO 20022 standards are becoming an industry norm globally for Multi-National Corporates (MNCs). Where is this adoption taking place? Is adoption limited to MNCs and major transaction banks? Are mid-caps and local banks embracing this change too? Is ISO 20022 just replacing existing formats or does it offer more? Which corporate innovations can be delivered by banks thanks to ISO 20022? Is the ISO 20022 wave impacting other business areas?

 

16:30 - 17:00 SWLA

SWIFTRef - come and see how to improve straight-through processing of your payments

SWIFTLab

Dive in the world of SWIFT’s reference data services and roll up your sleeves to adopt data quality!

 

17:00 - 19:00 CR2

Innotribe 2015 Startup Challenge winner announcement

Innotribe

Following the Innotribe Startup Challenge Finale, taking place from 2:00-5:00pm, we are organising a reception to give you the opportunity to network with the various companies who were selected as finalists and congratulate this year winner.

Speakers

Kevin Johnson, Innotribe Startup Challenge Manager, SWIFT
Christian Sarafidis, CMO, SWIFT

Thursday 15 October

08:30 - 09:00 CR1

Corporate Forum Opening Address Day 2: Designing the industry’s digital trade agenda

Corporate Forum

The benefits of technology in trade services have been vastly demonstrated and corporates have bought into the promises of digital trade solutions to avoid the inefficiencies of paper-based practices. The banking industry is gradually adapting to this new reality and SWIFT’s and ICC’s efforts aim at supporting such move by providing the foundational messaging and legal standards. How are those innovations progressing and how can SWIFT and ICC further help banks follow pace of developments?

Speakers

Andre Casterman, Global Head Corporate and Trade Markets, SWIFT
Rajiv Chandna, Principal, The Boston Consulting Group

 

09:00 - 09:30 CR2

ASEAN Day Opening

ASEAN

Join us as we open Sibos Thursday with a dedicated forum to discuss the vibrancy of ASEAN in the context of the global landscape of G3 economies recovering and China growing at a controlled pace.

Speakers

Alain Raes, Chief Executive APAC and EMEA, SWIFT
Wee Ee Cheong, Deputy Chairman & CEO, UOB

 

09:00 - 09:45 CR5

ISO 20022 adoption in ASEAN+3, Europe, and U.S - Opportunities and challenges including possible services such as cross-border CSD-RTGS linkages

Community

The session provides recent developments and implementation of ISO 20022 in ASEAN+3. The region has a goal to adopt international standards in particular ISO 20022 by 2020 to enhance interoperability and cross-border STP. The session will also discuss developments of CSD-RTGS Linkages, which is a new regional initiative recognized by the ASEAN+3 Finance Ministers and Central Bank Governors in May this year to connect market infrastructures in the region with standardized messages. ASEAN+3 will get profit from European experiences for ISO 20022 implementation and linkages among market infrastructures.

Speakers

Jochen Metzger, Head of the Department Payments and Settlement Systems, Deutsche Bundesbank
Satoru Yamadera , Principal Financial Sector Specialist, Asian Development Bank
Yuji Sato, Senior Manager, Japan Securities Depository Center
Taiji Inui, Senior Manager, Global Business Planning Office, NTT DATA Corporation and Associate Partner of NTT DATA Institute of Management Consulting, Inc., NTT DATA

 

09:00 - 09:45 CR4

The Lifecycle of Payments

Community

The payment landscape is evolving at all stages of the payment lifecycle, from initiation, to electronic invoice presentment, to payment channels and formats, to cash and treasury management. Faster payments, global payments, regulatory requirements and the need to improve transparency, security and risk management, are among the influencers leading to an optimization of payments and cash operations at banks and corporations around the world.

In this session, senior bankers and corporate finance experts will share their perspectives and experiences on how they can and have improved operations and implemented best practices. A case study will be shared on how financial institutions and corporates address the needs of the market, across the entire financial supply chain.

Speakers

Giulio Carmignato, Vice President/ Functional Head, UniCredit
Mary Ann Francis, Vice President/ Functional Head, Wipro
Ian Pollari, Managing Director/ Director / EVP, KPMG
Gene Neyer, Managing Director/ Director / EVP, Fundtech
Sherie Morais, Managing Director/ Director / EVP, National Bank of Abu Dhabi
Adam Boukadida, Corporate Treasurer, Etihad Airways

 

09:00 - 09:45 CR1

Progressing the digital trade agenda: Are banks on board?

Corporate Forum

Corporates increasingly rely on digital trade solutions to support core sales and distribution processes allowing them to run their business far more efficiently than ever before. Examples include e-invoicing, purchase-to-payments, e-commerce hubs, trade documentation hubs and multi-banking trade solutions. What do corporates expect from this trend? Is it a threat or an opportunity for banks? How could this help banks increase their business? In this session we will explore the main industries benefiting from digital trade solutions and learn from banks which are leading the way in this space.

Speakers

Clarissa Dann, Editor, Trade and Forfaiting Review
Gianfranco Bisagni, Deputy Head of CIB Division, UniCredit
Vincent Minna, CFO MENA Region & Geneva Trading Desks, Bunge EMEA
Niki Sakelaropoulos, Manager Process Analysis and Improvement, BHP Billiton
Alan Huse, Head of Transaction Banking for Australia, New Zealand and the Pacific, ANZ
Per Norman, Head of Treasury and Risk Management, BillerudKorsnäs
Sriram Muthukrishnan, Regional Head of Business Development, Global Trade & Receivables Finance ASP, HSBC

 

09:15 - 10:00 INN

Accelerating and scaling expertise with cognitive computing from IBM Research and Watson

Innotribe

Sridhar Iyengar, Distinguished Engineer from IBM Research, and Jonathan Young, IBM Watson Group Program Director will explore the disruptive force of cognitive computing and demonstrate several use cases in which present day cognitive systems and emerging capabilities from IBM Research could significantly impact the operations of financial services organizations. These include:

- Cognitive assistants in a human/cognitive agent environment that could be used by investment banking experts to narrow acquisition targets or leverage robotics to assist retail banking customers to select a financial product
- A financial sentiment aggregator that could use a cognitive engine to consume investment reports and derive investment sentiment and outlook
- Analysis of psycholinguistic features from written text using deep learning techniques so that a financial services company could tailor products and services to the needs of individual customers
- Advice for Financial Advisors that could enable them to provide timely and relevant guidance and recommendations by combining a Watson’s cognitive decision support, traditional portfolio data, and a stream of social, news, investment reports and other unstructured data

Speakers

Sridhar Iyengar, Distinguished Engineer, Cognitive Applications Research Leader, TJ Watson Research Center, IBM
Jonathan Young, Program Director, Watson Group, IBM

 

09:30 - 11:00 SWLA

Lifecycle of a corporate on SWIFT

SWIFTLab

Discover how SWIFT can help corporations simplify their banking communications, reduce their operations and increase their cash visibility and automation. This session will present how Alliance Lite2 can help corporate clients to improve their treasury processes through different grades of automation – from manual entry screens through to full STP and automation.

 

09:30 - 10:00 CR2

ASEAN leaders in conversation

ASEAN

Many of Asia’s border areas are thriving. With ASEAN economic integration remaining a sterling work in progress – flows of people, goods and trade have increased across the region and the momentum is unlikely to weaken. ASEAN countries and its closest trading partners are at the centre of the bustle. Over the medium to long term, ASEAN is expected to remain among the fastest growing regions in the world. For banks in ASEAN, it is not just the size and growth of the economies that matter; it is the composition of that growth and demand. Rising incomes and the agglomeration effects of urbanisation will significantly expand the ranks of the middle class in ASEAN, which will in turn spur the demand for a wide range of goods and services including financial services, with the accumulation of wealth. This phenomenon is being demonstrated right now, as it has been over the last few years, and will continue to play out in the next few decades as ASEAN continues to grow.

This lively segment will kick off with a In Conversation Dialogue with Samuel Tsien, Group Chief Executive Officer of OCBC Bank.

Speakers

Samuel Tsien, Chief Executive Officer, OCBC
Sri Jegarajah, Anchor, CNBC

 

09:30 - 10:15 SA

SWIFT for Securities: Insights into compliance and efficiency

Securities, SWIFT Auditorium

SWIFT is continuing to expand its offering for securities market participants to help solve efficiency and compliance challenges. In this session you will get the opportunity to learn more about SWIFT in securities, including how to gain insights and operational efficiencies from SWIFT securities messaging data using Watch for Securities, and how we are helping to address financial crime compliance challenges for funds distribution and custody services through our KYC Registry.

Speakers

Valerie Letellier, Market Manager, Securities markets, SWIFT
Jonathan Ehrenfeld, Market Manager, Securities markets, SWIFT
Stacey Parsons, Business Development Manager, Compliance Services, SWIFT

 

10:00 - 11:15 CR2

ASEAN banking conversation

ASEAN

This lively discussion of ASEAN leaders will detail the opportunities and challenges they see in their strategic markets and expect to have a vibrant picture of ASEAN when you leave this session.

Speakers

Lisa Robins, Regional Head of Global Transaction Banking, Asia Pacific, Deutsche Bank
Liew Nam Soon, ASEAN Managing Partner, Financial Services, EY
Thomas Tan, Group Head, Transaction Banking, CIMB Investment Bank Berhad
Songpol Chevapanyaroj, Head of Global Transaction Banking, Krungthai Bank

 

10:15 - 11:15 CR1

Alternative financing models: Opportunities or threats for banks?

Corporate Forum

The FinTech world is booming and alternative payments and financing models are emerging at a fast pace. What are key trends and are these innovations targeting large corporates or SMEs? As business networks involve alternative liquidity providers, is this a threat for banks or an opportunity? Is there a need for the banking community to adapt and if so, how?

Speakers

Lionel Taylor, Managing Director, Trade Advisory Network
Bipin Sahni, SVP, Innovation Group – Enterprise Innovation and R&D, Wells Fargo Bank
Geoff Miller, CEO, GLI Finance Ltd
Matt Wreford, CEO, Demica

 

10:15 - 11:15 CR3

Intraday liquidity reporting: How has the industry progressed?

Paymentsem>

The BCBS (Basel Committee on Banking Supervision) Intraday Liquidity Monitoring Tools could deliver significant financial and operational impacts. In this session, we will examine the current regulatory status and the collaborative initiatives to establish a structured dialogue with the National regulators and to work reduce associated operational costs. We will discuss the key remaining issues that need to be addressed and explore how the tools may transform the liquidity services space.

Speakers

Christian Goerlach, Global Head of FI Balance Sheet & Liquidity, Deutsche Bank
Matthew Loos, Executive DirectorTreasury Services Senior Product Manager, J.P.Morgan
Mohan Tanksale, Chief Executive, Indian Banks' Association
Dennis Sweeney, Managing Director - OPER/CCR/GPM/Newedge, Société Générale Newedge UK Limited

 

10:15 - 11:15 CR5

Data governance insights: Challenges, impacts and opportunities

Community

Dealing with increasing volumes of new regulations while addressing regulatory compliance, risk management analytics and reporting requirements still remain all key issues for financial firms in 2015. Providing data lineage, granularity, accuracy and transparency adds to the complexity and challenges that need to be addressed to successfully meet multiple jurisdictions regulatory requirements under tight submission deadlines.
The expert panel will discuss issues around: A “Cross-Enterprise Approach” which provides a unique perspective in data management and governance that delineates the value of a strategic approach which meets changing market dynamics driven by Basel, Liquidity, MAS, Dodd-Frank and other regulations.

Speakers

Keith Bear, Vice President/ Functional Head, IBM
Olivier Kamoun, Board Member / CEO / CFO, AxiomSL
Hetal Pandya, Managing Director/ Director / EVP, AxiomSL

 

10:15 - 11:15 SF

Raising the bar for data quality in trade reporting: A solution in sight?

Standards Forum

Trade and Transaction reporting have had a difficult early childhood. Harvesting data from individual organisations has itself been challenging, but aggregating the data to identify potential adverse situations has proved impossible, in many situations. The Legal Entity Identifier (LEI) is addressing a part of the problem. What lessons can be learned from the LEI experience ?
The panel of leaders and experts at this session will discuss what measures and how standards can and should be employed to bring full maturity to this difficult area of market governance.

Speakers

Paul Janssens, LEI Programme Director, SWIFT
Stephan Wolf, CEO, Global Legal Entity Identifier Foundation (GLEIF)
Irene Mermigidis, Managing Director, Clearstream
Larry Thompson, Vice Chairman and General Counsel, DTCC
Dan Kuhnel, Chairman, Association of National Numbering Agencies (ANNA)

 

10:15 - 11:15 INN

Voice of the customer 3.0

Innotribe

In this session we will showcase how different types of intelligence are converging: artificial intelligence, crowd-intelligence, graph intelligence and human intelligence. One company will demonstrate the integration of crowd-intelligence with cognitive engines. Another will impress you with a very visual convergence of people graphs, idea graphs, economic graphs and knowledge graphs – and all this with use cases that are inspiring for the financial industry.

Speakers

Hamilton Ray, Founder, Collective Next
Matthias Kroener, Co-Founder, shareholder and CEO, Fidor Bank
Jay van Zyl, Founder & CEO, Innosect
Steve Jennings, Chief Innovation Officer and Founding Partner, Better Ventures
Andrew Keen, Author, The Internet Is Not The Answer

 

10:15 - 11:15 CR4

Capital market harmonisation: How to align market liberalisation and regulatory supervision?

Securities

Whereas in previous years, the discussions around harmonisation have concentrated on the benefits of financial markets liberalisation, recent events have proven that such strategies should not occur without a regulatory framework. This raises a systematic question: do many restrictions hamper market development or are they key to their success? In this debate we will analyse the different degrees of liberalisation versus the need for relevant supervisory schemes.

Speakers

Jason Ekberg, Partner Consultant, Oliver Wyman
Sean Tuffy, Senior Vice President, Head of Global Regulatory Intelligence, Brown Brothers Harriman
Jo Van de Velde, Head of Product Management, Euroclear
Roland Kipper, Divisional Head - Group Markets Operations, Commerzbank AG
Stephanie Marelle, Regional Head of Clearing and Custody, BNP Paribas Securities Services

 

10:30 - 11:15 SA

Corporate onboarding: The MyStandards way

Corporate Forum, SWIFT Auditorium

Whether you work for a bank or a corporate, join us for this panel discussion to hear first-hand experiences of the use of MyStandards for corporates onboarding. You will learn how you can make your onboarding projects more efficient and less risky by providing corporates with self-service testing capabilities against your bank-specific messaging formats.

Speakers

Marc Delbaere, Head of MyStandards, SWIFT
Tom Durkin, Managing Director, Digital Channels, Bank of America Merrill Lynch
Carmela Gómez, Managing Director, Head of International Transaction Services, BBVA

 

11:00 - 11:45 SWLA

Business Intelligence for Securities: Watch for your data

SWIFTLab

Explore the Watch for Securities suite of business intelligence products and see how to access to monthly aggregated global, regional and country level data for your messages over SWIFT.

 

11:30 - 12:30 PLR

Renminbi: The real game changer

Big Issue Debate/Plenary

The global RMB network has served the Chinese banks, corporations and investments well with the world operating within the comfort of their own currency. At the same time, it offers international corporations and investors a greater degree of access into Chinese markets. RMB hubs will allow the exponential growth of RMB usage beyond the Chinese borders – directly with China or, increasingly between offshore RMB hubs. With the gradual opening of China’s capital account and the internationalisation of the RMB, the real game changers may be approaching faster than you think.

Speakers

Tamara Henderson, Senior Economist for Asia Pacific, Bloomberg Intelligence
Amol Gupte, Region Head of Citi Treasury & Trade Solutions APAC, Citi
David Liao, President and CEO, CHINA, HSBC
Andrew Sheng, Distinguished Fellow, Asia Global Institute
Chen Wen Yi, Deputy General Manager, Global Trade Services Department, Bank of China

 

11:45 - 12:30 SWLA

Lite2 cash reporting dashboard for corporates

SWIFTLab

See how SWIFT can provide you with a Cash Reporting Dashboard which consolidates your multibank financial position in one, easy-to-read Excel dashboard.

12:45 - 13:45 INN

Thinking machines and jobs: How banks can respond to the opportunity

Innotribe

Excellent work has been done in recent years on igniting the discussion on technological unemployment. This session is about changing the dystopian “robots will kill our jobs” conversation into a “disrupting unemployment” perspective. We will also investigate the opportunities for new wealth creation and how financial institutions can leverage those new markets and models.

Our keynote speaker David Nordfors and his partner Vint Cerf are already thinking about the next stage: “If computers are going to do what people do today, what can people do?

It’s a new, huge market for innovations that help people create maximum value for each other: innovation for earning to match innovation for spending. As this is not only about today’s jobs, we will weave in the perspective of Millennials from Wharton FinTech and the Singapore Management University.

Speakers

Jay van Zyl, Founder & CEO, Innosect
Daniel McAuley, Co-Founder, Wharton FinTech
Steve Weiner, Co-Founder, Wharton FinTech
Andrew Keen, Author, The Internet Is Not The Answer
David Nordfors, CEO and Co-Chair, i4J Innovation for jobs
Christophe Chazot, Group Head of Innovation, HSBC
Tammy Chan, Head of Operations, i4J Innovation for jobs

 

12:45 - 13:45 CR4

How ASEAN+3 connects bond markets towards more integrated markets

Community

ASEAN puls three (China, Japan and Korea) has been making significant steps to connect bond markets in the region through creation of common bond issuance framework and settlement linkages among the central banks and CSDs. The session updates recent progresses under Asian Bond Markets Initiative (ABMI).

Speakers

Jaehoon Yoo, Chairman and CEO, Korea Securities Depository
Satoru Yamadera , Principal Financial Sector Specialist, Asian Development Bank
Noritaka Akamatsu, Senior Advisor, ADB
Boon-Hiong Chan , Director, Head Market Advocacy APAC, Deutsche Bank

 

13:00 - 13:45 SF

Bringing efficiency to RMB payments - ISO 20022 for CIPS (China International Payments System)

Standards Forum

China International Payments System (CIPS) is adopting ISO 20022, and will use the global standard to meet specific RMB needs.
So how will the standard be used? Which character sets will be allowed? Which messages and market practice will be used? This session provides you with a unique opportunity to find out everything you always wanted to know about the use of ISO 20022 by CIPS and its community.

Speakers

Karla Mc Kenna, Director Market Practice and Standards & Head of Standards for the GLEIF, Citi
Yi Zhang, Head of Operation Dept, Industrial and Commercial Bank of China
Wanmin Cui, Engineer, Development Dept., National Clearing Centre, People’s Bank of China
Jennifer Kow, Head of Payments Product Management, DBS Bank
Karla Mc Kenna, Director Market Practice and Standards & Head of Standards for the GLEIF, Citi

 

13:30 - 14:15 SA

SWIFT for Corporates – Defining win-win strategies in multi-banking treasury management

Corporate Forum, SWIFT Auditorium

SWIFT for Corporates has established itself as a business development platform for banks wishing to grow their treasury services. In this session, banks and corporates will share their experience with regards to growing use of SWIFT messaging and ISO 20022 standards whether based in Asia or elsewhere. Specific focus will be given to the need to tighten security through the management of personal signatures using 3SKey as demanded by a growing number of regulators. Join us to discover how to optimise your use of “SWIFT for Corporates” as a bank or a corporate institution.

Speakers

Stella Lim, Head of Corporate Sales APAC, SWIFT, SWIFT
Navinder Duggal, Managing Director GTS - Cash & Trade, DBS Bank
Michael Sack, Head of Treasury & Financing, Sivantos
Noritoshi Murakami, General Manager, Regional Head of Transaction Banking, Asia & Oceania, Bank of Tokyo-Mitsubishi UFJ

 

14:00 - 15:15 WSC

Securities financing: A necessary evil for corporates and asset managers?

Corporate Forum, Securities, Sibos Workshop

As consequence of the financial crisis, there is much greater risk aversion by financial- and non-financial institutions. Until recently, collateralized operations were the domain of investment banks, custodians and broker dealers, but we now see a shift towards corporates as liquidity providers.
Whether unsecured/ concentrations limits have been reached at the banks, corporates need to diversify across a more secure range of products, such as triparty repos. What will the impact be on corporates and investment managers for liquidity and collateral going forward? Would the liquidity provided by corporates be sufficient to avoid serious liquidity issues?
The workshop will review the evolution of corporates on the repo market, and the impact on triparty or bilateral operations. What hurdles remain in attracting more corporates onto this market? Are all corporates equals when it comes to regulations?

 

14:00 - 15:15 CR5

Bank readiness in trade finance: The voice of the corporate and banking community

Corporate Forum, Sibos Workshop

Transaction banks need to be bolder in embracing innovation more quickly, becoming more proactive in their engagement with clients rather than waiting for clients to approach them. In trade finance, Corporates expect their banking partners to proactively implement SWIFT’s multi-banking standards such as MT 798 and ISO 20022. Join this session to hear from GTC, ABB, BTMU, essDOCS. Alexander Malaket will moderate the session.

 

14:00 - 14:45 SF

Closing Panel: Making ISO 20022 work for you

Standards Forum

At the end of Sibos week, what better place to gather your thoughts than at the
Standards Forum stand? Making ISO 20022 work for you has been one of the main themes during our Standards Forum week at Sibos. Which new ideas and best practices have been harvested over the week– and which ones rate highest amongst the audience – and our distinguished panel of wise men and women? Join this session and help set the Standards agenda for the years to come.

Speakers

Christian Sarafidis, CMO, SWIFT
Rich Urban, President, IFX
Siegfried Vonderau, Had of TARGET2 & T2S Service Management Payment & Settlement Systems, Deutsche Bundesbank
Mike Tagai, Managing Director, Global Market Infrastructures, J.P.Morgan
Axelle Wurmser, Head of Transversal Projects and SWIFT Coordination, BNP Paribas Securities Services

 

14:00 - 15:00 INN

Analytics for a real-time world

Innotribe

Four data analytics and machine intelligence firms will give amazing demos of applications that are currently in the market related to real-time financial services:
- Real-time customer data
- Real-time sanctions
- Real-time automated lending
- Real-time GDP

Speakers

Jay van Zyl, Founder & CEO, Innosect
Luc Burgelman, CEO, NG Data
Suresh Ramamurthi, Chairman, CBW Bank
Andrew Keen, Author, The Internet Is Not The Answer
Bipin Sahni, SVP, Innovation Group – Enterprise Innovation and R&D, Wells Fargo Bank
Julien Seret, Business Development Director , Aldebaran Robotics

 

14:00 - 15:45 CR3

ASEAN exchanges and securities workshop

ASEAN, Sibos Workshop

Regional Market Infrastructure Linkages – the new way forward?

In the past decade, we have witnessed a steady formation of linkages of market infrastructures in the region, albeit multi-laterally or bilaterally. Asian examples such as the ASEAN Trading Link, the Shanghai-Hong Kong Stock Connect, Taiwan-Singapore Link and the CSIF Regional Settlement Infrastructure, have been both the subject of anticipation and scrutiny by regional participants.
Join us for a discussion built around current priorities and progress driving these initiatives in the region. We will address the efforts to facilitate cross border trading and attract foreign fund flows. What are the new motivations and challenges to closing the gaps of cross border trade flows from initiation to post trade? How do market trends, technology developments, infrastructure linkages and the regulatory cooperation, shape the development of regional market infrastructure linkages in the bonds, equity and fixed income space?

 

14:00 - 15:45 CR1

ASEAN financial and economic integration workshop

ASEAN, Sibos Workshop

Payments collaboration: Contributing to the
economic prosperity and integration of the ASEAN region

AEC 2015 is an important milestone in the region’s integration efforts. Nonetheless, efforts on all fronts will continue beyond 2015 to further refine the delivery of priorities and objectives towards an integrated market.
This focused workshop will bring policy and decision makers in the region to gain an insight of what holds for ASEAN regional integration efforts in the coming years.
- Coming up, what’s next in the integrated space of ASEAN financial markets? What are the implications at a country or participant level?
- What are the key takeaways of the successor of the AEC Blueprint post 2015?
- How does the development and innovation of financial technologies fit into the ASEAN story? The benefits (and challenges) of the maturing marketspace in the region?

 

14:15 - 15:15 CR4

Making real-time payments a reality: EBA CLEARING’s pan-European approach

Community

Over the past few years, various real-time payment initiatives have been evolving around the world both at a domestic and at a cross-border/global level.

EBA CLEARING’s session starts off with a look at the global dimension of this trend, highlighting commonalities and differences in terms of objectives and drivers in this area. The session then puts a specific focus on the key elements and challenges for a pan-European approach to real-time payments.

Speakers

Hays Littlejohn, CEO, EBA CLEARING
Thomas Egner, Head of Business Development Group Banking Operations, Commerzbank AG
Britta Kotthaus, Analyst/Consultant, EBA Group
Erwin Kulk, Section Head/Supervisor, EBA Group
Petri Aalto, Analyst/Consultant, OP-Services Ltd (Pohjola Bank)

 

15:15 - 15:45 INN

Innotribe closing keynote: Machines are not the answer

Innotribe

Created during the Cold War, the Internet has now ushered in one of the greatest shifts in society since the Industrial Revolution. There are many positive ways in which the Internet has contributed to the world, but as a society we are less aware of its deeply negative effects on our psychology, economy, and culture. Andrew Keen, author of the book “The Internet is NOT the answer”, will debunk some of the enthusiasm surrounding artificial intelligence.

Speakers

Andrew Keen, Author, The Internet Is Not The Answer
Jay van Zyl, Founder & CEO, Innosect
Peter Ware, Head of Marketing Enabler's Teams, SWIFT

16:00 - 17:15 PLR

Sibos: Closing plenary

Big Issue Debate/Plenary

Sibos will close with the thoughts of Ravi Menon, Managing Director of the Monetary Authority of Singapore. Menon will provide his insights on global FinTech trends and ASEAN specific challenges.

Speakers

Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS)
Alain Raes, Chief Executive APAC and EMEA, SWIFT
Stephan Zimmerman, COO Global Wealth Management, UBS