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The results of Sibos 2017

ProFIX Company attended the global financial services networking event organised by SWIFT – Sibos 2017. This year the annual Forum took place at the Metro Toronto Convention Centre between 16 and 19 October. Sibos 2017 Toronto has been a record breaker with 8,100 delegates, 100s of industry experts and products from more than 200 exhibitors. It’s officially the largest Sibos ever seen in the Americas.

The key theme of 39-th conference was «Building for the Future», and we would highlight four areas of focus for SWIFT community on the Sibos agenda:  

ü  Banking – a look at the future of payments and challenges facing correspondent banking

ü  Innovation – how digital technologies and fintech are delivering value to customers and helping banks address cybersecurity challenges

ü  Compliance – the response of the banks to developments in AML and terrorist financing

ü  Securities – how market players are responding with innovations like blockchain and artificial intelligence.

 In addition to the above-mentioned topics the speakers and participants of Sibos 2017 discussed the following issues:

ü  Digital transformation in payments

ü  Blockchain in the cash and securities settlement space

ü  Evolution or extinction for banks in the future

ü  Next generation of corporate banking

ü  FinTech – innovative banking

ü  Revision of BIC standard

ü  ISO 20022 implementation

As always the networking part of the event was very useful and we are looking forward for the next year Sibos 2018 in Sydney.