Latest Sibos News: Finextra Research

UK pushes Europe to cut Russia off from Swift

As Russia moves further into Ukraine and sanctions have isolated Russian banks from the rest of the global financial system, depriving the country of vital technology, UK foreign secretary Liz Truss has revealed that the “UK is working with allies to exclude Russia from the Swift financial system.”

25 February 2022

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Paysera shuts down payments to Russia; Swift exclusion remains off the table

Baltic fintech Paysera is to halt transfers to and from Russia and close accounts of Russian clients in a show of solidarity with Ukraine as it comes under siege from Russian armed forces.

24 February 2022

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West steps back from imposing Swift ban on Russia

Western governments are no longer considering cutting Russian banks off from the Swift network, Germany's Handelsblatt newspaper reported, citing German government sources.

18 January 2022

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Sibos 2021: How can banks take meaningful action on climate change?

With COP26 fast approaching, and the financial industry facing additional costs to comply with government actions on climate change, it needs to start asking itself some tough questions, namely: Are we acting responsibly for the future? Are we driving carbon neutrality in the businesses we finance? Are we acting as an enabler for investments to lower the cost and increase the deployment of low-carbon technologies?

14 October 2021

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Sibos 2021: Collaboration and discipline is required for digital asset and CBDC success

Day three of Sibos started with a future facing perspective in the form of two morning sessions covering developing and upcoming digital technologies, including as CBDCs, DeFi, and NFTs, reiterating that these areas of innovation remain hot topics of interest.

14 October 2021

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Bank of England peers into the opaque world of DeFi

The Bank of England has begun to explore how to manage risks generated by the rapid initial growth of decentralised finance, or ‘DeFi’ applications.

14 October 2021

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Sibos 2021: Why ‘desirability’ of CBDC is just as important as ‘feasibility’

Following moderator Dr Leda Glyptis of 10x Future Technologies’ introduction surrounding ‘The Future of Money’ with digital currency and tokenisation at the heart, John Egan, CEO of L’Atelier BNP Paribas, stated that a key problem in the conversation around CBDC is that we’ve discussed it from the perspective of what is feasible, rather than what would be technologically desirable.

13 October 2021

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Sibos 2021: Swift, Deutsche Bank, Société Générale and C3.AI to collaborate on AI platform

On day two of Sibos 2021, representatives from Swift, Deutsche Bank, Société Générale and C3.AI took to the virtual stage to explore how collaboration and establishing a community between banks can support the deployment of artificial intelligence (AI) at scale.

12 October 2021

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Sibos 2021: What will Industry 4.0 and 5.0 mean for the financial sector?

Opening Swift Innotribe’s red thread – Banking on Change – on day one of Sibos 2021, was theoretical physicist, futurist and science communicator, Dr Michio Kaku. Known best for his seminal work on string theory, Kaku analysed science’s contribution to wealth generation since the first industrial revolution, and made predictions as to how further technological innovation, particularly artificial intelligence (AI), will steer the financial services sector through the fourth and fifth industrial revolutions, this century.

11 October 2021

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Sibos 2021: Digital identity for an interoperable and accessible future

Diving straight in to substantive content on day one of Sibos 2021, Brad Carr, managing director of digital finance at the Institute of International Finance led discussion during the morning panel ‘Digital Identity – Balancing between convenience and trust.’

11 October 2021

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EBA Clearing, Swift and TCH test instant cross-border payments

Banks from both sides of the Atlantic have successfully exchanged real-time cross-border payment messages as part of a proof-of-concept trial conducted with Swift, EBA Clearing and The Clearing House.

11 October 2021

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UK banks plan to grow partnerships with fintech firms in wake of pandemic

More UK financial institutions are targeting acquisitions and partnerships with fintech firms to boost their position in the post-pandemic market, according to a report from Lloyds Bank.

11 October 2021

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