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SIBOS 2018 Sydney Day 1

 

 

Sibos 2018

 

October is ripe with SWIFT's premier financial services event: SIBOS! Of course, we are there to indulge in the abundance of insights, network with the finest in banking and FinTech, and share with you the cherry on top of each conference day.

 

 

Most debated topics so far: real-time payments, the rise of FinTech, digital ecosystems, global transaction banking, cross-border payments, RegTech adoption, financial crime compliance, blockchain, cyber hygiene, digital remittances.

 

 

Day 1 Highlights

 

"Open banking" and "banking-as-a-platform" are new concepts that banks must adapt to their otherwise powerful traditional assets, such as the customer base and the customer data. Building upon this data is crucial in their strategy development, as they must provide added value to their customers, whilst not diminishing their customer relationships.

 

 

 

 

ECB recently announced the milestones for the new TARGET2 changes, with a go-live date 3 years from now, in November 2021. The T2-T2S Consolidation project will change the way participants access services for transactions in central bank money and it will be implemented following a big-bang approach (simultaneous discontinuation of the current TARGET2 Single Shared Platform, and the go-live of the future T2 service).

 

The big four technologies that are going to reshape the financial industry and the society as we know it by 2030: artificial intelligence (with robotics as a subset), embedded technologies (i.e. voice activated smarter systems, augmented reality), HealthTech and gene therapy, and last but not least, smart infrastructure.

 

cyberA system's cybersecurity is only as strong as its most vulnerable components. Cyber is a business risk, not a technology issue. We all have a role to play. You may not be interested in cyber, but cyber is interested in you :)

 

10 years of INNOTRIBE: bringing innovation and collaboration to the heart of the financial industry

 

100 banks have already indicated that they want to join the Interbank Information Network (IIN), JP Morgan's new blockchain platform

 

Artificial intelligenceThey way artificial intelligence will impact businesses may very well be compared to the Industrial Revolution, and it's all about harnessing its potential.

 

 

You have to understand the past in order to see how the future is going to change!

 

 

 

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