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18–21 September 2023 I Toronto
Sibos 2023
What an exciting week we had at Sibos 2023 in Toronto!
Swift once again brought the global Sibos financial community together at the Metro Toronto Convention Center (MTCC) from 18–21 September 2023 to discuss the theme: Collaborative finance in a fragmented world, hosting 9,000 delegates, 550 speakers and 190 exhibitors.
This year’s Sibos agenda topics in focus included:
• Banking & Payments
• Corporate Treasury
• Cybersecurity & Compliance
• ESG & Diversity, Equity and Inclusion
• Securities
• Trade Finance
• Technology & Innovation
With more than 250+ conference sessions, Deutsche Bank was privileged to contribute to the world’s leading financial conference.
Now the Sibos is a wrap for another year, do read our post-Sibos flow articles, and watch our experts in action on Finextra TV, Sibos TV and The Banker.
September 2023
FinextraTV @ Sibos: Navigating the DLT and blockchain ecosystem FinextraTV @ Sibos: Navigating the DLT and blockchain ecosystem
At Sibos 2023, Sabih Behzad, Head of Digital Assets & Currencies, Corporate Bank, Deutsche Bank spoke to FinextraTV about the distributed ledger technology (DLT) and blockchain ecosystem and explored current use cases of the technology
September 2023
FinextraTV @ Sibos: Building a collaborative financial sector FinextraTV @ Sibos: Building a collaborative financial sector
In a FinextraTV interview, Deutsche Bank’s Tsvetanka Nankova, Head of Corporate Development and Chief of Staff, Corporate Bank, explores how, despite macroeconomic challenges and increased fragmentation, significant opportunity remains for collaborative initiatives
September 2023
FinextraTV @ Sibos: The evolution of the KYC landscape FinextraTV @ Sibos: The evolution of the KYC landscape
Speaking to FinextraTV at Sibos 2023, Patricia Saliba, Global Lead of Regulatory, Audit and Quality Assurance, Institutional Cash and Trade, Deutsche Bank, discusses the changing KYC landscape
September 2023
FinextraTV @ Sibos: Are financial services ready for a new era of sustainable business practices? FinextraTV @ Sibos: Are financial services ready for a new era of sustainable business practices?
Lavinia Bauerochse, Global Head of ESG, Corporate Bank, Deutsche Bank spoke to FinextraTV at Sibos 2023 to discuss how prepared the financial services sector is for the new era of environmentally conscious business models.
September 2023
Sibos TV: Key trends in banking technology innovation Sibos TV: Key trends in banking technology innovation
Sibos TV Presenter Ginella Massa talks to David Lynne, Head of Corporate Bank at Deutsche Bank about platforms, cloud solutions, and the distributed ledger technology journey
Sibos TV: Key trends in banking technology innovation Watch
September 2023
The Banker: View from Sibos – Ole Matthiessen The Banker: View from Sibos – Ole Matthiessen
Kimberley Long, Asia Editor at The Banker, talks to Ole Matthiessen, Global Head of Cash Management and Head of Corporate Bank for Asia Pacific at Deutsche Bank about the cross-border payments market
The Banker: View from Sibos – Ole Matthiessen WatchShow content of MONDAY, 18 SEPTEMBER
Conference Stage 5
Session description:
Knowing where your liquidity is has become increasingly important from a corporate perspective. This is largely driven by a combination of risk management needs and simply the expectation today that info should be available in real time and at our fingertips. Balances are more important than ever, with the return of inflation and the need for increased efficiency. As technology also improves to potentially meet that demand, it’s vital for service providers to deliver on demand information to their clients. In this session, we’ll focus on the need for real-time information to cut risk and drive efficiency in the current high interest rate era.
Show content of TUESDAY, 19 SEPTEMBER
Standards Forum
Session description:
In many markets around the world, T+1 securities settlement is coming your way – or could be soon. Shorter settlement cycles can bring myriad benefits, but getting ready comes with challenges. Join us for this dynamic session where your vote sets the agenda. We've prepped a list of industry challenges recently laid out by the ISSA Working Group. Based on the audience’s vote, our panel will look at the most pressing issues, brainstorm solutions, and discuss the potential role of standards. Get ready for an interactive experience where your opinion shapes the narrative on one of the securities industry's hottest topics.
Conference Stage 6
Session description:
We’re still at the start of the great ISO 20022 adoption, but there are already benefits being seen. In this session, we’ll discover how banks can grow their corporates business and reap the benefits of ISO 20022. We’ll look at some concrete examples of benefits for corporate treasury, frictionless payments, digital trade, KYC, and e-BAM. And, we’ll discuss how banks can offer enhanced cash management and richer data services to their corporates.
Swift Theatre
Session description:
Come along to experience first-hand how the securities industry is leveraging the Unique Transaction Identifier (UTI) to enhance transparency and provide end-to-end transparency across the securities settlement chain. In this informative session, you’ll hear from firms about the efficiency and risk management benefits available to all parties in the settlement lifecycle. Discover how you can tap into the potential of this global initiative.
Swift Theatre
Session description:
With over 300 live institutions, Swift Go is becoming the new standard for low-value international payments. The service enables your consumer and SME customers to send quick and easy cross-border payments straight from their bank account. Come along to hear your peers share insights about their Swift Go journey: from building a business case, to processing their first live payments, opening additional corridors, and how they’ve enhanced their customers’ experience.
Show content of WEDNESDAY, 20 SEPTEMBER
Conference Stage 5
Session description:
Despite the efforts of law enforcement, regulators and the broader industry, trade finance fraud is still prevalent, if not increasing. This doesn’t just impact large corporates and banks either. Small and medium-sized enterprises (SMEs) get hit too, adding to their struggle to survive in a tough economic environment and impacting their livelihoods. In this session, we’ll examine the scale of the problem, what’s driving it and why it’s so difficult to manage these risks.
Discover Stage
Session description:
Recent advances in AI have presented a vast range of opportunities for banks to enhance the way they interact with and deliver services to their customers.
How are banks approaching these opportunities and where are they investing? How are they balancing the risks of introducing AI to their businesses with the potential to gain competitive advantage?
1. Where are the greatest opportunities for banks to use AI in creating value for customers?
2. What are the key risks?
3. When it comes to “build v. buy”, what should banks be considering?
4. Are banks thinking about geopolitical factors when introducing AI to their business?
Conference Stage 4
Session description:
Climate change, environmental impact, and social responsibility are placing significant pressure on financial services to adapt and change their traditional business models. The current approach of making incremental adjustments may no longer be sufficient, and the industry must be prepared to take bolder steps in order to thrive in a rapidly evolving world. The question remains: are financial services ready to leap into the new era of sustainable business practices or will they continue to rely on models that are rapidly becoming outdated?
This session will be introduced by Rosemary Stone, Chief Business Development Officer at Swift.
Conference Stage 1
Session description:
About 5% of cross-border payments encounter some sort of friction before they reach their destination, resulting in manual interventions that cost the industry upwards of $2 billion per year. But help is on the way. The introduction of rich and structured data in cross-border payments opens up a unique opportunity to bring more efficiency to exceptions management. Standardised market practices and central orchestration to increase automation and streamline processes are on the horizon. Hear from our panel of banks and vendors about the benefits this transformation is set to bring.
Conference Stage 6
Session description:
How do we achieve successful partnerships in a multi-networked financial ecosystem? The world is increasingly multi-networked, driven by specialised needs, democratised technology and new emerging client segments. For banks and their clients, connecting to these networks and seamlessly integrating offerings into the ecosystem is essential. In this session, our speakers discuss partnerships for success, interoperability, technology, and security.
Show content of THURSDAY, 21 SEPTEMBER
Standards Forum
Session description:
How can your firm set out a successful ISO 20022 strategy that’s right for you?
What are the opportunities to protect and grow your business, increase efficiency, and improve risk management?
Join us to hear first-hand from financial institutions that are early adopters of the standard about the concrete benefits it’s bringing them. You’ll gain actionable insights to help you develop your internal business case and supercharge your adoption journey.
Visit the full Sibos programme here
Join our experts at Sibos Join our experts at Sibos
To meet our Deutsche Bank speakers, take a look at thishandy PDF listing their sessions and topics
Join our experts at Sibos Download PDFflow reports on Sibos 2023
We will be publishing post-Sibos articles during October 2023. Here are the first three
TECHNOLOGY, CASH MANAGEMENT, SECURITIES SERVICES
New trends in bank tech innovation New trends in bank tech innovation
The Sibos 2023 agenda focused on ensuring frictionless cross-border payments using cloud and AI technology, underpinned by robust partnerships and collaboration. flow shares insights from the opening plenary session and an interview with Corporate Bank Global Head David Lynne on Sibos TV
CASH MANAGEMENT
Sibos 2023: six key payments takeaways Sibos 2023: six key payments takeaways
Sibos returned to the Metro Toronto Convention Centre (MTCC) for 2023, with instant treasury, ISO 20022, interoperability and AI high on the agenda. In one of four post-Sibos reports, flow’s Clarissa Dann explores the conference’s key payment themes.
SECURITIES SERVICES
Travelling together in securities Travelling together in securities
Settlement compression, market harmonisation and digital readiness were among some of the main themes that were developed at Sibos Toronto 2023. flow’s Clarissa Dann looks at how these changes are impacting post-trade
Press contact
Heinrich Froemsdorf
heinrich.froemsdorf@db.com
Editorial Marketing contact
Clarissa Dann
clarissa.dann@db.com
Marketing contact
Maria Senior
maria.senior@db.com
Stay tuned for flow’s post-conference reports!
In the meantime, read the latest flow magazine issue 2023 – 2024.
Issue 2023 – 2024
Explore our white papers/guides
June 2023
Digital payments and treasury: an enabler of long-term growth Digital payments and treasury: an enabler of long-term growth
As e-commerce continues to grow, digital payments – the facilitator of these online sales – have become a top priority for merchants, with a focus on providing an intuitive, fast and seamless experience for customers. This white paper, by Deutsche Bank and KPMG, explains how and why this approach is an important business enabler when supported by banks and technology providers
Digital payments and treasury: an enabler of long-term growth Read more
June 2023
Breaking the settlement failure chain Breaking the settlement failure chain
One of the recurring topics at post-trade industry events is the thorny problem of settlement fails. These create burdensome additional costs and risks for financial institutions – and ultimately their clients. This paper explains an acute deficiency that the industry – together with regulators – is trying valiantly to solve, together with a number of potential solutions
Breaking the settlement failure chain Read more
February 2023
Simplifying digital fund management and investment servicing Simplifying digital fund management and investment servicing
Deutsche Bank and Memento Blockchain have successfully completed a proof of concept, known as Project DAMA (Digital Assets Management Access). Project DAMA has the potential to provide a more cost-effective and flexible solution for digital fund management and investment servicing, and this report explains how the prototype works.
Road to Sibos Videos
Road to Sibos video series: AI applications for Asset Servicing Road to Sibos video series: AI applications for Asset Servicing
The launch of ChatGPT last year was perhaps the ‘iPhone Moment’ for artificial intelligence. Generative AI promises to usher in a new age of competitive services and efficient processing based on digital intelligence. Watch our third video of our Road To Sibos campaign in partnership with Global Custodian, where Paul Maley, our Global Head of Securities Services speaks to Jonathan Watkins as they discuss AI and its application for asset servicing. So, what are the most notable examples of where AI can be applied to increase efficiencies in asset servicing and what is the realistic timeframe for industry-wide adoption of these AI solutions? Commenting on AI use cases, Paul adds “At Deutsche Bank, we are developing AI use cases and capabilities across content management, anomaly detection and workflow optimisation to name a few and we’re leveraging our partnerships with Google Cloud and Nvidia to build these”.
Road to Sibos video series: Cross border payment trends in ASEAN Road to Sibos video series: Cross border payment trends in ASEAN
In the ASEAN region, cross-border payment trends have been rapidly evolving in recent years. Underpinning this drive is the ever-increasing client demand for a faster, cheaper and more transparent methods of moving funds cross border. In our second video of our Road to Sibos campaign in partnership with The Asian Banker, Jan Luebke, our Head of Institutional Cash and Trade ASEAN, Australia and New Zealand shares insights on key trends that are transforming the payment ecosystem in ASEAN including the emergence and interlinking of instant clearing systems as well as implementation of ISO20022. He also highlights Market complexity, ISO20022 implementation and cybersecurity as key challenges being faced by institutional clients. Tune in now to hear Jan’s insightful views in his latest interview with Foo Boon Ping from The Asian Banker.
Road to Sibos: Correspondent banking trends in greater China Road to Sibos: Correspondent banking trends in greater China
What are the trends in correspondent banking in China? In our Road to Sibos campaign, we share insights on the correspondent banking in China. Our Head of Institutional Cash & Trade Greater China, Niger Lau observes the inbound flows on RMB volume grew by 40% and the value of payments grew by 34% in the last two years on the back on deepening on BRI and RCEP initiatives. He also underscores the importance of digitalisation and technology in correspondent banking and sheds light on our efforts around ISO20022 and collaboration with Google and Nvidia to drive innovation and foster speed, cost and transparency in cross-border transactions to meet our client's needs. Watch this exclusive video to find out more where Niger speaks to Foo Boon Ping from The Asian Banker.