The global financial community gathers in Beijing for Sibos 2024. This year’s theme, “Connecting the Future of Finance,” highlights the turning point facing the financial industry, with enormous opportunities and challenges ahead. Stay up to date with the latest happenings on the Sibos floor.
HSBC makes trade finance easier for Chinese SMEs
HSBC announced on Wednesday at Sibos that it is expanding the trade finance solutions it offers to businesses trading on e-commerce platforms in mainland China and Hong Kong, following the successful launch of its partnership with Dowsure Technologies.
DBS in Sibos
JP Morgan releases ‘always on’ clearing
JP Morgan has just announced a new global clearing offering, Wire365, which supports a full range of global USD banking products and operates 24/7.
Banks are looking for ways to manage data quality for artificial intelligence services
The use of AI in finance was a hot topic at this year’s Sibos conference as banks discussed how AI could change the way financial services are delivered and consumed and, more importantly, how its data is managed.
Treasury turns to banks for technology
Sibos showcased EY’s recent survey of more than 1,800 CFOs and treasurers of corporate and commercial clients worldwide, highlighting the ability of banks to provide value-added services.
Industry calls for data sharing system to improve safety
A panel of industry experts at the Sibos 2024 conference on Tuesday discussed the critical role of data sharing and fraud detection in the modern financial landscape.
At Sibos, central bankers tout wider adoption of CBDC
Central bankers discussed the evolving environment of central bank digital currencies at the Sibos conference in Beijing on Tuesday.
BofA extends exchange rate guarantees to a year
Following the rise in cross-border payments, Bank of America on Sunday introduced guaranteed exchange rates for up to one year, the longest term available in the industry.
BNY and Mizuho Announce Trade Services Partnership
BNY and Mizuho Bank, the oldest banks in the US and Japan respectively, announced an agreement on Sunday to expand their correspondent banking network to facilitate international trade.
Sibos conference opens for the first time in China
To celebrate the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held for the first time in China.
In partnership with DBS