Past sibos: Geneva 2016

Forward compatibility

29 September 2016
09:30 to 11:15
Main conference session Innotribe
Co-Founder Innotribe
SWIFT
Moderator
Head of Product Strategy and Innovation
Euroclear
CIO Treasury Services Technology
BNY Mellon Treasury Services
Executive Director
Hyperledger Project
Head of Market & Clients
SIX Securities Services
Strategic Business Development
SIX Securities Services
Head of Strategy & Communication
Nordea
Principal
Davis Consulting
President of Leaders in Security LSEC vzw
University of Leuven
SVP, Market Technology
Nasdaq Market Technology

Forward compatibility is a capability to plan ahead for gradual adoption by an ecosystem. This is about knowing HOW to get to the new/next destination:

• How do you rally the main stakeholders of the ecosystem into a rigorous system and process innovation? Process innovation is different from process-, datamodel-, or messaging standardisation. It is not about standardising the existing, and guaranteeing backwards compatibility. It is about co-creating a new reality

• How do you promote the evolution from the current model to the future model? In the case of distributed ledger technologies for example, it is not about a "tabula rasa" that will eradicate the existing, but how the existing is going to evolve. Example: a messaging hub-and-spoke paradigm towards business objects and lifecycles in the cloud, initially existing in one central database (one node), then evolves to a peer-to-peer networks of many distributed databases or nodes

• How do you bootstrap this new reality taking into account the network effects to be created and promoted in the new P2P reality

No disruption will happen without a fundamental re-design – or better, a re-invention – of the current end-to-end business processes:

• Knowing where the organisations want to get, and clearly define their journey
• De-risking change throughout this journey
• Making trade-offs in the breadth and depth of the destination
• Moving beyond the atomic nature of the transaction and creating strategies for enabling commerce vs. enabling transactions

Main conference session
29 September 2016
09:30 to 10:00
Main conference session SWIFTLab
Main conference session
29 September 2016
09:30 to 10:15
Main conference session SWIFT Auditorium