As DLTs mature, it is becoming increasingly clear that no single platform will replace a significant end-to-end financial business process in one step. Rather it seems increasingly likely that DLT will work with other automation technologies, including messaging and APIs. In this session we hear how the 2016 Innotribe Industry Challenge winner proposes to bridge DLT platforms with ISO 20022-compliant SWIFT messaging.
As Distributed Ledger Technology (DLT) progresses towards maturity and the first SWIFT gpi service is live with phase 2 also on its way, this session will showcase how SWIFT’s latest research and development work on DLT will bring new enhancements to improve gpi even further. The SWIFT Nostro DLT Proof of Concept (PoC) leveraged blockchain technology to provide real-time visibility on the liquidity of nostro accounts, easing reconciliation and allowing liquidity savings while meeting key industry requirements such as governance, data privacy, standardisation, security and identity.
SWIFT gpi is live and innovation is kicking. Gpi has become the new benchmark in cross-border payments. Now, plans are ready to add more value and leverage the cloud-based payments Tracker. With an instant stop and recall payments service, a rich payment data transfer service and an international payments assistant, the digital transformation of cross-border payments is just around the corner. Meanwhile, gpi banks are exploring the use of distributed ledger technology (DLT) to speed up the reconciliation of their nostro accounts.
How can API developers get a flying start when developing API specifications whilst simultaneously elegantly addressing interoperability issues?
How do we use Standards Expertise to speed up the development of DLT-based Proofs of Concept?
Find out in this session where we will show how using Business Standards can provide an answer to these questions.
Cash and securities settlements are ripe for innovation. While the combined use of technology and Standards has certainly increased automation, it has also led to an increase in the volume of data that needs to be exchanged and reconciled between intermediaries, which increases operational risk and inflates costs. Maybe that is why distributed ledger technology (DLT) - with its promise of a single immutable record accessible by all parties simultaneously - is advanced as the next generation technology to solve existing inefficiencies.
According to some, blockchain is one of the hottest and most intriguing technologies currently in the market. Similar to the rising of the internet, blockchain could potentially disrupt multiple industries, including financial services. Are there lingering cyber security concerns that need to be addressed before the general public or regulators will trust blockchain solutions? During this session, experts will explore whether the shared nature of blockchain helps or hinders security.
Distributed Ledger Technologies are shared, tamperproof, peer-to-peer digital ledgers that enable a single, global version of transactions. Is blockchain technology a viable solution in securities markets? As an industry, do we want to move forward with DLT and if so, how do we take this from use case to business case? What are the challenges to overcome and what opportunities lie ahead?