Live@ Sibos

Opinion and Interviews live from Beijing

Long Reads

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Why this tech CMO wants accountability for sustainability

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

How to solve the needs of the unbanked and underbanked

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

ISO 20022’s top benefits and challenges for corporate customers

Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

How do you solve a problem like payments infrastructure?

FinextraTV

How digitalisation is shaking up the customer experience

At Sibos 2023, Marcus Sehr, Global Head of Global Treasury Management (GTM) Banks, Wells Fargo, and Joanne Strobel, Head of Corporate & Investment Banking Segments Solutions & Advisory, Wells Fargo GTM, discuss how changing customer demands impact banking strategies and explore the industry methods available to keep up with the shifting landscape.

Papers

Survey

The Global Fight Against Trade-Based Financial Crime

Broken inside, broken outside: Uncovering the internal weaknesses and external pressures fuelling a $1.6 trillion challenge.  Trade-Based Financial Crime (TBFC) is a global issue, draining $1.6 trillion annually from economies—funds that could otherwise fuel development, build infrastructure, and stabilise financial systems. Instead, these resources are diverted into criminal networks that operate across borders, exploiting the very institutions meant to protect global finance. This is a crisis that goes beyond numbers; it strikes at the core of trust and stability in the financial world.  This global survey, conducted in the summer of 2024, revealed the alarming extent to which financial institutions remain unprepared in the face of the growing threat of TBFC and sheds light on the significant challenges, technology gaps, and fragmented risk management strategies that enable significant financial crime.  Input from leaders at ING and ITFA reinforces the critical role of technology in combating TBFC, while also acknowledging the operational challenges that remain. Implementing AI-driven solutions at scale is proving to be a significant obstacle for many institutions, with the timeline for action growing ever tighter.  Download this Finextra survey, produced in association with Eastnets, to explore:  Why TBFC is a growing global crisis What internal roadblocks institutions are facing An investigation into the external challenges of combatting TBFC Recommendations for what risk leaders should do next And more Click here to join us for the Finextra webinar, Global Trade Based Financial Crime: Where Trade and Payments Meet, and hear from our panel of industry experts discuss the finding from this survey and the current state of trade-based financial crime globally. 

168 downloads

Future of Report

The Future of the Global Financial Ecosystem 2024

A Sibos Special Edition. Our world has experienced several unexpected and unprecedented events over the last few years, which show no signs of slowing down. This year’s Sibos aims to connect those in the financial services community who have experienced fragmentation, in the hope that tackling this will help with some of the biggest issues facing banking. The role that financial institutions play in the global environment will continue to be placed under the microscope as situations continue to develop. In light of this, there has never been a better time for those in finance to come together and have frank and open conversations about their future. This applies to not only environmental and social goals for banks, but also the adoption of and adaptation to new technologies. No longer can these issues be placed on the side and given lip service, they need to become an integrated part of each financial institution’s core policies and practices. However, ever increasing this challenge are the continuously changing global circumstances. Due to these circumstances, communication and collaboration are essential drivers for 2024. This Finextra report, produced in association with Swift, includes commentary from BBVA, BNP Paribas, BNY Mellon, Deutsche Bank, ING, JP Morgan, Lloyds, McKinsey, NatWest, SEB, Standard Chartered, UniCredit, and Wells Fargo.

1054 downloads