Dual challenges of innovation and risk management top the agenda at SWIFT Business Forum New York 2017

Source:
Press Release

AL, June 8, 2017 at 15:53 BST

Industry leaders will gather to discuss how financial institutions can stay resilient and secure whilst continuing to innovate against a backdrop of uncertainty 

New York, June 8, 2017 – How banks and financial institutions can rise to the challenge of collaborating successfully to fight cyber threats and build the future of financial services will be the focus of discussion at this year’s SWIFT Business Forum New York.

On June 14, 500 senior leaders from across the financial services industry will gather at Chelsea Piers to discuss the biggest challenges facing their firms today. For example, as cyber criminals become increasingly sophisticated, how can global institutions protect themselves while simultaneously focusing on innovation in an increasingly competitive market and complex geopolitical landscape?

A host of sessions throughout the day will focus on key issues affecting the financial industry in both the U.S. and global markets. The latest R&D and proofs-of-concept from the SWIFT Lab will also be showcased at the event.

The opening plenary, moderated by SWIFT CEO Gottfried Leibbrant, will include Charles Blauner, Global Head of Information Security at Citi, Tom Jessop, President of Chain Inc., Emma Loftus, Managing Director, Head of Global Payments, FX and Channels at JP Morgan and David Puth, Chief Executive Officer of CLS.

Douglas Merrill, former Chief Information Officer at Google, will deliver the closing remarks. In keeping with the theme of the conference, Mr. Merrill will discuss how companies can develop a sustainable culture of innovation.

Other sessions and speakers include:

  • The Customer Experience: Moving Beyond the Payment
    As competition increases and the transaction itself becomes a commoditized service, institutions must look for innovative ways to differentiate themselves against increasing competition. What are some of the "non-payment" components that can make, or break, the customer experience? Stephen Grainger, Head of North America at SWIFT, Emma Loftus, Managing Director, Head of Global Payments, FX and Channels at JP Morgan, David Watson, Head of Americas Cash Management and Chief Digital Officer at Deutsche Bank, and Tom Halpin, Executive Vice President, Global Head of Payments Products at HSBC, will discuss this important issue.
  • The Cyber Challenge: Is it Time for the Global Financial Industry to Do More?
    Technology, compliance, regulation and cybercrime are all adapting at a rapid pace; is the financial industry innovating fast enough to stay relevant in this challenging environment? Pat Antonacci, Managing Director, Global Head of Customer Engagement, CSP at SWIFT, will be joined by John Carlson, Chief of Staff at FS-ISAC, Joseph Leonard, CISO at the Federal Reserve Bank of New York, Jeff Lunglhofer, CISO at BNY Mellon, and James Trainor, Senior Vice President at Aon Risk, to focus on the current cyber climate and offer illuminating insights into how to remain in front of future threats.
  • Follow the Money: It's Not Just About Blockchain
    What are some of the hottest investment trends in fintech? In this session, a cross-section of investment professionals, including William Hartnett, Managing Director, Market Infrastructure Investments at Citi, Dan Kittredge, Managing Director at Napier Park Financial Partners, Aaron Schwartz, FinTech: Head of Research and Analysis at PwC and Shea Wallon, SVP & Managing Director, Financial Venture Fund at Hearst Business Media, will share and compare their views on strategic investments and insights on how to "follow the money".
  • SWIFTLab sessions will showcase SWIFT’s mandatory security controls and industry-wide security attestation process, which applies to all customers. Launched in May 2016, the SWIFT Customer Security Programme (CSP) has evolved very rapidly, supporting SWIFT customers in reinforcing the security of their local infrastructure.
  • The Evolving Geopolitical Landscape: How Will It Impact Compliance?
    The recent shifting geopolitical landscape, from the new U.S. administration to Brexit, could change the velocity of new regulations and ways that agencies share intelligence. A panel of industry experts including Jeffrey Bandman, Fintech Advisor and Founding Director of Lab CFTC at the U.S. Commodities Futures Trading Commission, Jan Bornebusch, Managing Director, Americas Head of AML at Deutsche Bank, Mitchell Feuer, Principal at Rich Feuer Anderson, and Alan Ketley, Managing Director, AML Strategy, Global Strategy Group at The Bank of Tokyo-Mitsubishi, will tackle these issues.

Stephen Grainger, Head of North America at SWIFT, said: “The rapidly changing global financial landscape makes the task of navigating innovation, cybersecurity and regulation, increasingly challenging. SWIFT Business Forum New York is a collaborative environment where business leaders can come together, share their ideas and develop new solutions to ensure the banking industry stays relevant, competitive and resilient.”

The full agenda for Business Forum New York can be viewed here.

-####-
About SWIFT
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.

For more information, visit www.swift.com or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT

https://www.swift.com/news-events/events/swift-business-forum-new-york-2017/

The publication of a press release on this page should not be viewed as an endorsement by CoinDesk. Customers should do their own research before investing funds in any company.