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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!




Sneak Peek into Our Automated Testing Tool




Part of our EU-funded corporate treasury project, meet our FinTPc automated testing tool! Why this need for automation? Because it is more reliable and way quicker than manual tests, hence we all get faster feedback and benefit from improved quality.


The automated testing tool is an open-source functional extension of FinTPc designed to make the testing process more objective. Its main purpose is to assist and help people involved in the testing and validation process, providing fast and complete checks of FinTPc:

-        after the initial installation in the customer’s environment;

-        after configuration changes;

-        after the installation of major releases or patches, also known as regression testing;

-        after extending the product with new features.


It is built as a collection of modules that can be used on their own to test certain business or technical functionalities. The automated testing is performed:

-        in different deployment architectures;

-        for different versions of prerequisites;

-        for different technical interfaces with other applications;

-        for custom configurations.





The automated testing handles functional tests, integration tests and unit tests. All these are predefined, any change to the FinTPc application has impact on the tool’s test repository and generates updates.


Functional tests are built based on the specification document that identifies test cases that make sense being automated, following a black box testing method. These are customizable and follow specific already implemented business flows. The tool allows defining input data (or test data generation) and set expected results based on a predefined list in its repository. It all ends with a validation phase that analyzes the output data of the test and the configured expected result summarized in a log (that may also include technical errors occurred).


Integration tests represent a logical chaining of more functional tests that validate a whole business flow. This validation ends at first error encountered, continuing the test would not assure any consistency.


Unit tests are predefined for each logical component of FinTPc, are usually run at the build stage and are addressed to the developers of the application.


Easy to install and easy to use, the automated testing tool can provide a measure of the current quality of the software, monitors and controls the testing execution, reports and records testing results and archives their history along with the context in which the testing was run.


Different testing modules can be configured and used separately in order to best help in the diagnosis activity and in determining the root cause of a problem.


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