Standard Chartered at Sibos 2024

The opening plenary marks the beginning of a week packed with expert insights and fascinating debates across the Sibos conference programme. Mayor Yin Yong of Beijing, followed by Governor Pan Gongsheng of the People’s Bank of China will open, culminating with Bill Winters, Group Chief Executive of Standard Chartered speaking with SWIFT CEO Javier Pérez-Tasso.

As the payments industry moves towards the universal adoption of the ISO 20022 standard, the goal of migrating all cross-border FI-to-FI payments by November 2025 is now in sight. With just 12 months left, where does our community stand? What challenges are slowing down the transition, and how can we overcome them together? Join us for an interactive session where we’ll explore the current landscape, anticipate the next steps, and discuss how we can strengthen interoperability around the world. Bring your questions and insights to help shape the future of cross-border payments.

Join us as industry experts share their insights on implementing and adopting APIs for bank guarantees. Discover the benefits and opportunities of API standardisation in trade finance, as well as the challenges encountered along the way. This session will explore how the industry can take advantage of digital transformation in trade finance to ensure widespread adoption, usage, and scalability of these standards, driving innovation and efficiency.

For emerging capital markets, the journey from local origins to global success doesn’t usually follow a script. But there are lessons that can be learned, and actions the global financial community can take, to smooth the path. This session will delve into ongoing strategies and initiatives to harmonise international standards, as well as best practices to enable the seamless integration of emerging capital markets into the global financial ecosystem. Join us to discover the great potential for emerging markets to succeed on the global capital markets stage and hear from pioneers leading the way.

Can a single, unique identifier transform securities transparency and help reduce costly settlement fails? The Unique Transaction Identifier (UTI) promises to do just that by providing a universal reference for securities transactions across various formats. Could this be the breakthrough innovation we need to enhance post-trade transparency, enable real-time settlement tracking and ease the transition to T+1 and T+0? Join us for an exciting discussion with industry experts as we explore the potential of the UTI to revolutionise securities processing, enhance efficiency, and drive global interoperability in the financial markets.

Financial institutions sit on a wealth of data – transaction patterns that can indicate fraud, lists of sanctioned individuals, and cross-border payment data that can uncover inefficiencies or aid innovation. In this session, we’ll unpack the enormous potential that could be unlocked through data sharing, look at the legal and regulatory barriers, and ask how it can be done in a safe way.

From silent films to “talkies.” From black and white to colour TV. From flip phones to smart phones. From MT to ISO 20022. Like other major changes, the move to ISO 20022 is much more than a technology shift. It reshapes the entire payments landscape and opens opportunities for payment providers to redefine their value proposition. Reducing friction in operational and financial crime compliance processes is just the tip of the iceberg. The big question is how providers can use the rich, structured data to develop innovative, useful and sticky new services for customers – and what will happen if they don’t?

The hype around blockchain and Distributed Ledger Technology (DLT) may have gotten quieter. But optimism in the potential of tokenisation to enhance the efficiency, liquidity, and transparency of financial transactions is arguably stronger than ever. According to a recent study from ISSA, nearly 40% of market participants say they’re already using some form of DLT or digital assets in their business today. So what use cases are gaining the most interest and traction, and how are firms practically using DLT to improve operational processes, reduce costs, and generate new products or services? Join us to find out.

Research consistently shows that women leaders help increase productivity, enhance collaboration, inspire organisational dedication, and improve inclusion. Globally we are far from reaching gender parity. But ongoing industry efforts are paving the way for more women to rise through the ranks and reach positions of responsibility. Join us as we explore the key factors behind successful women leaders and discuss actionable strategies for accelerating progress and breaking through remaining barriers. Let’s chart a course for a future where women’s leadership is the norm, not the exception.

Amidst the growing global significance of trade with and within Asia, new trends are emerging in the currencies used in these transactions. What impact can we expect the shift to a more multi-currency world to have on global banks and currency trading centres? Get the latest updates and insights from policy makers, trade economists and global clearing banks.

As cross-border payments get faster, the window to screen transactions, recall fraudulent ones and investigate anomalies is shrinking. Could faster payment leave individuals and institutions more exposed to fraud? And if so, how can we fight this increased risk? Could tech solutions like artificial intelligence, machine learning and data analytics be the answer? Hear how leading financial institutions are working together to explore how AI can contribute to the prevention of financial crime.