Industry leaders gather to address security, resilience and innovation in the face of rapidly-evolving cyber threats and ongoing market change
The question of how financial institutions can stay resilient and continue to innovate against a backdrop of uncertainty will be at the heart of this year’s SWIFT Business Forum London.
Over 1,000 senior leaders from across the financial services industry will gather at Tobacco Dock on 25 April to meet and discuss the biggest challenges facing their firms today. As cyber criminals become increasingly sophisticated, how can global institutions protect themselves while simultaneously focusing on innovation in an increasingly competitive market?
A host of sessions throughout the day will seek to explore and address these concerns. The event, now in its seventh year and SWIFT’s largest regional event, will also showcase the latest R&D and proof-of-concepts from the SWIFT in a dedicated SWIFTLab.
Hannah Nixon, Managing Director of Payment Systems Regulator, Niall Cameron, Head of Corporate & Institutional Digital at HSBC, Baroness Denise Kingsmill, Chair of the Board of Monzo, and JF Legault, Global Head of Cybersecurity Operations at JP Morgan, will join SWIFT CEO Gottfried Leibbrandt for the opening plenary.
Former Foreign Secretary and ex-Conservative Party leader, William, Baron Hague of Richmond, will close the event sharing views on how the macroeconomic environment and geopolitical drivers will impact the UK financial industry.
Other sessions and speakers include:
• The transformation of banking – threats and opportunities for open banking
Panellists, including Damian Richardson, Head of Innovation and Strategic Initiatives at RBS, and Mark Buitenhek, Global Head of Transaction Service at ING and Mike Laven, CEO of Currency Cloud, will explore the impacts from FinTech start-ups, changing consumer demands and the Second Payments Services Directive (PSD2) on all players in the sector as the transformation of banking gets underway.
• Cyber security – building successful extended teams
We live in hyper-connected times with new technologies, evolving cyber threats and increasing regulation. How can business cope with these forces? Who owns the cyber risk and how do you implement information security policies across organisations? Brendan Goode, CISO at Deutsche Bank, Scott McElney, Head of Threat Intelligence & Consultancy at Clydesdale Bank and Royce Curtin, Managing Director of Global Intelligence at Barclays, will tackle the issue.
• Core Banking Platforms – serving tomorrow’s customers
With the advent of cloud technology, API’s, new programming languages and other innovative technologies, banks have an opportunity to satisfy shifting customer demands, increase their flexibility and reduce their costs. Bart Timmermans, Head of Global Transaction Banking at Santander UK and Nick Ogden, CEO of ClearBank and Sailesh Panchal, Head of Payments Architecture at Lloyds Bank discuss how, with so much ‘front-end’ innovation taking place and the global shift toward digitalisation continues, how ‘back-office’ infrastructure can keep pace.
• Blockchain – addressing real world challenges
SWIFT is working with RISE Technologies and their user group of banks and market infrastructures to examine the potential change in interaction patterns between industry players in a blockchain-enabled world. Will it truly disrupt our existing businesses? And if so, what are the benefits? Thorsten Piesel, CEO of RISE and Michele Curtoni, Emerging Technologies Strategy at the London Stock Exchange Group, amongst others, will discuss.
• A SWIFTLab session will assess the current landscape for blockchain and distributed ledger technology (DLT) and review the suitability of the technology for future use. This will include an ISO 20022-based proof-of-concept for DLT and smart contract implementation and a proof-of-concept in Nostro-reconciliation as part of SWIFT gpi.
• The evolving geopolitical landscape – how will it impact financial crime compliance
The shifting geopolitical environment could change the ways that agencies share intelligence. How will this impact the financial crime compliance landscape? How can intelligence agencies continue to operate in this new environment and will domestic concerns impact the collaboration required to enforce international regulations? Jennifer Shasky Calvery, Global Head, Financial Crime Threat Mitigation at HSBC and Justine Walker, Director Financial Crime (Sanctions & Bribery), BBA, will address some of these questions.
Javier Pérez-Tasso, Chief Executive Americas and UK Region at SWIFT, said: “Global change drivers such as innovation, cyber-security and regulation continue to make their mark on the industry in the UK. The SWIFT Business Forum London provides a strong platform for leaders to collaborate and create an actionable agenda for the industry to manage risk and harness opportunities for innovation and transformation.”
The full agenda for the Business Forum London can be viewed here.
SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging, standards for communicating and we offer products and services to facilitate access and integration; identification, analysis and financial crime compliance. Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardised financial messages in a reliable way. As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centres.