Sibos

Trade Finance Global (TFG) was at the heart of these conversations, offering a unique and insightful perspective on the future of trade finance. After some time to reflect, here are our top takeaways from the jam-packed conference.

In the realm of trade, treasury and payments, the quest for seamless transactions and the bridging of technological divides has taken centre stage. At Sibos 2023 in Toronto, the panel “Corporate to Bank APIs for Guarantees – Are we Future Ready?” focused on the role of standardisation in driving technological development for the industry.

Sibos 2023, held this year in Toronto, allows industry stakeholders to come together to discuss industry trends and issues. 

In an era defined by lightning-fast technological advancements and an increasingly interconnected global economy, the cross-border payments market is undergoing a radical overhaul. 

The panel’s moderator, Tom Zschach, Chief Innovation Officer at Swift was joined by Kelly Switt, Global Head of Intelligent Edge Business Development at Red Hat; John Overton, CEO at Kove; Vivek Agarwal, Head of Financial Services Solutions at C3 AI; and Johan Bryssinck, AI Programme and Shared Services at Swift.

Join TFG’s Deepesh Patel and Ravesh Lala, IBM’s Head of Business Development for Hybrid Cloud Solutions, at Sibos in Toronto as they clarify the complexity of generative AI and its diverse applications in the trade industry. Ravesh starts with one of the foremost challenges confronting banks in trade and supply chain finance—digitalisation. He underscores the critical importance of transitioning from conventional paper-based procedures to a fully digital supply chain to enhance operational efficiency.

We hear insights from Deepesh Patel, Editor at Trade Finance Global, and Ben Ellis, the SVP Global Head of Visa B2B Connect, reporting from Sibos in Toronto. They highlight the core themes of Sibos: transparency, speed, and security.

At Sibos, the topic of trade digitalisation was buzzing with discussion. However, in order for the industry to make significant progress, it’s essential for all stakeholders to align their efforts. Pamela Mar, Managing Director of ICC Digital Standards Initiative (DSI), is at the forefront of addressing this issue.

In a recent conversation at Sibos, Toronto, TFG’s Deepesh Patel sat down with Steven Beck, Head of Trade and Supply Chain Finance at the Asian Development Bank (ADB). Together, they explore the reasons behind the staggering expansion of the trade finance gap, which has now reached a staggering $2.5 trillion.

Live from Sibos in Toronto, TFG’s Deepesh Patel spoke with Tracey Black, the CEO and President of Payments Canada. In a financial sector renowned for its stability and robust regulatory environment, Payments Canada has been entrusted with the pivotal task of modernising payment systems.

In a rapidly evolving world, where businesses are constantly seeking ways to streamline their operations and enhance efficiency, the trade finance sector is no exception.

One year after our last conversation at Sibos 2022 in Amsterdam, Trade Finance Global spoke with Ben Ellis, SVP and Global Head of Visa B2B Connect, in Toronto to get answers to these questions on cross-border payments.

At Sibos Toronto, TFG’s Deepesh Patel spoke with Rogier van Lammeren, Managing Director, Head of Trade & Working Capital Products at Lloyds Bank, and Patrik Zekkar, CEO of Enigio. 

As our world becomes increasingly digital, the digital divide has widespread implications, and the least developed countries (LDCs) are most likely to be negatively affected. 

Finastra today announced a multi-year global agreement with Microsoft focused on trade platform modernisation, building on the existing availability of Finastra Trade Innovation in the cloud. Delivering the full functionality of… read more →