The Asian Banker SIBOS 2024

TAB Global - Connecting the future of finance at Sibos 2024 in Beijing

At Sibos 2024 in Beijing, The Asian Banker explores the critical themes that will shape the global financial landscape. The event is held for the first time in the capital of China, an economic powerhouse, a rapidly evolving financial hub, and a global leader in fintech innovation. It is the second-largest economy in the world and has one of the most dynamic and fast-growing financial ecosystems, and pushing forward with its financial market reforms, internationalisation of the renminbi, and increasing influence in global trade and investment, this year's event will focus on the integration of digital currencies, artificial intelligence (AI), tokenisation, and compliance innovations, all under the broader theme of connecting the future of finance.

Sibos 2024, themed "Connecting the future of finance," is a landmark event in Beijing, that brings together the global financial community to discuss how to foster a resilient and inclusive financial ecosystem in the face of rapid digital transformation. The Asian Banker’s event coverage will delve into how financial institutions are preparing for this future by embracing innovations in digital currencies, AI, and blockchain, as well as the shift towards more sophisticated compliance frameworks.

Our coverage will highlight the importance of digital operational resilience, the impact of AI on financial services, and the ongoing shift in the global use of major currencies within the context of Special Drawing Rights (SDRs). Additionally, we’ll explore the critical role of ISO 20022 implementation, environmental, social, governance (ESG) considerations in finance, and how tokenisation is transforming asset management and payments.

Daily Updates

Monday, 21 October 2024

Leading bank in the Middle East strengthens financial ties between China and the GCC

On the first day of Sibos 2024 in Beijing, the First Abu Dhabi Bank (FAB), showcased its commitment to facilitate c ...Read more

Bank of America drives innovation in Asia-Pacific payments and liquidity solutions

At Sibos 2024, Winnie Chen, the Head of Asia Pacific Global Payment Solutions at Bank of America, discussed the ban ...Read more

Deutsche Bank sees cash management and payments innovation with ISO 20022 adoption

At Sibos 2024, Patricia Sullivan, the Global Head of Institutional Cash Management at Deutsche Bank, outlined the ...Read more

Deutsche Bank harnesses ISO 20022 for the future of payments and trade finance

Atul Jain, co-head of trade finance and lending at Deutsche Bank, discussed the industry's transition towards ISO 2 ...Read more

Deutsche Bank navigates future of payments with focus on ISO 20022 and financial crime prevention

At Sibos 2024 in Beijing, Sebastien Avot, Managing Director and APAC Head of Institutional Cash and Trade Finance a ...Read more

BNY explores future of finance with AI, digital currencies and compliance innovations

In an interview at Sibos 2024 in Beijing, Fabian Khoshbakht, Global Head of Client Insight and Innovation at BNY, d ...Read more

SHRCB empowers local SMEs with digital financing and cross-border trade solutions

In an interview at Sibos 2024, Xu Li, Chairman of Shanghai Rural Commercial Bank (SHRCB), and Huang Zhao, General M ...Read more

Tuesday, 22 October 2024

How does Temenos see the way for ISO 20022 transition, AI deployment and resilient design

At Sibos 2024 in Beijing, Temenos Business Director Frankie Wai addressed some of the pressing issues in financial ...Read more

How is Broadridge helping FIs balance digital innovation and operational resilience with AI

As financial institutions become increasingly interconnected, ensuring digital operational resilience while embraci ...Read more

BNY and Mizuho Bank forge collaboration to strengthen global trade services

At Sibos 2024 in Beijing, BNY and Mizuho Bank jointly announced an agreement to collaborate on enhancing global tra ...Read more

ACI leverages generative AI and real-time payments capabilities for enhanced fraud detection and global payment solutions

At Sibos 2024, Thomas Warsop, CEO of ACI Worldwide, outlined how the international payments software company is lev ...Read more

Oracle navigates ISO 20022 transition and generative AI deployment

Conor Colleary, Senior Vice President, Digital & Data Transformation, Oracle Financial Services, shared insights fr ...Read more

Wednesday, 23 October 2024

BOCHK, BIBD, Public Bank and Vietcombank named strongest banks in latest TAB Global 1000 ranking in Beijing

Unveiled at Sibos in Beijing, the 2024 TAB Global 1000 ranking highlights BOCHK, BIBD, Public Bank, and Vietcombank ...Read more

Swift and Bottomline strengthen partnership to drive ISO 20022 migration and cross-border innovations

Swift and Bottomline collaborate to streamline cross-border payments and help financial institutions meet upcoming ...Read more

Bank of Nanjing supports local clients' cross-border expansion

In a discussion with Zhou Wenkai, vice president of Bank of Nanjing, during SIBOS, he outlined the bank's strategic ...Read more

How Deutsche Bank is helping institutions overcome challenges and seizing opportunities with ISO 20022 and rich data

In an interview at Sibos 2024, Tsvetanka Nankova, Global Head of Sales for Institutional Cash and Trade Finance at ...Read more

PEGA’s vision for an autonomous and personalised banking experience and future of banking automation

Jonathan Tanner, Industry Principal at Pegasystems, shared insights into the evolving role of automation and AI in ...Read more

Thursday, 24 October 2024

HKEX’s strategy to help global clients navigate challenges and opportunities in Hong Kong and Mainland markets

At Sibos 2024 in Beijing, Tae Yoo, managing director of global client development at HKEX, shared insights into how ...Read more

ANZ drives innovation in real-time cross-border payments

In a discussion with Jackie Kallman, Head of Payments Industry at ANZ during SIBOS 2024, the focus was on the progr ...Read more

Finastra explains how AI is enhancing financial services through data and innovation

At SIBOS 2024, Adam Lieberman, Chief AI Officer at Finastra, outlined the company's strategic focus on AI and its ...Read more

Sibos 2024 in Beijing marks strategic nexus for global finance and China's growing role

Beijing took centre stage as the global financial community gathered for Sibos 2024, a milestone event that showcas ...Read more

Articles

Connecting and shaping the future of global finance at Sibos 2024

Global financial leaders gathered at Sibos 2024 in Beijing to discuss the future of payments, compliance and inclusion. From ISO 20022 to artificial intelligence, the event showcased how innovation and collaboration are driving the transformation of global finance.

Shaping the future of finance through technology and innovation

At Sibos 2024, discussions within the financial technology solution community focused on the adoption of ISO 20022, the growing integration of AI and ML and the imperative to align advancements with customer-centricity and operational resilience.

Banks and corporates require new strategies to maintain growth

Global supply chains for corporations and trade finance have been influenced by major global themes in recent years. This necessitated new strategies and innovative solutions to sustain growth, manage liquidity, mitigate risk, ensure sustainability, and the transition to ISO20022 in trade finance. Atul Jain, Global Co-Head of Trade Finance and Lending at Deutsche Bank, discussed the challenges corporates face and how Deutsche Bank is addressing these.

JPMorgan Chase leads globally with strong asset quality, liquidity and enhanced profitability

North America and Asia Pacific banks maintain overall balance sheet strength over those in other regions, with the Middle East showing some improvements. Profitability among all 1000 banks improved, driven by higher interest rates, while asset quality indicators stayed stable.

Combined assets of the 1000 largest banks worldwide reach $160 trillion

While asset growth of world’s 1000 largest banks remained stable, loan and deposit growth slowed

Buna looks to shape cross-border payments in the Arab region and beyond

At Sibos 2024 in Beijing, Mehdi Manaa, CEO of Buna, took centre stage to discuss how the platform is revolutionising cross-border payments in the Arab region and its future impact beyond. Launched by the Arab Monetary Fund (AMF) in 2020, Buna is a regional payment platform that facilitates seamless international payments and settlements across multiple currencies. It addresses long-standing challenges in cross-border payments, including inefficiencies, high costs, and complex regulatory landscapes. During the “View from the Top” chat, Manaa shed light on Buna's large-scale transformation, innovation in foreign exchange (FX), and its approach to compliance, all aimed at improving financial integration and economic growth in the region.

Global financial cooperation and China's modernisation take centre stage at Sibos 2024 in Beijing

Sibos 2024 in Beijing showcased the evolving landscape of global finance, focusing on cross-border payments, financial inclusion, and technological innovations such as artificial intelligence (AI) and blockchain. The event also highlighted China's unique approach to modernisation, emphasising international cooperation and sustainable growth.

Buna poised to transform cross-border payments in the Arab region and beyond

Buna, launched by the Arab Monetary Fund (AMF), is reshaping cross-border payments by enhancing financial inclusion, reducing inefficiencies, and fostering economic integration.

Rethinking global trade and supply chain finance

Global trade is facing significant challenges as sanctions, tariffs, and shifting supply chains reshape the landscape. At the same time, digitalisation and emerging technologies are creating new pathways for efficiency and growth, particularly in regions like ASEAN and South Asia.

Deutsche Bank’s ESG strategy advances sustainable supply chains and financial innovation

Kamran Khan, Head of ESG for APAC & MEA at Deutsche Bank, discussed the integration of environmental, social, and governance (ESG) principles into the bank’s core banking businesses and financial solutions.

Standard Chartered navigates digital innovation, sustainability, and resilient transaction finance

Standard Chartered’s transaction banking leadership shared insights on how the bank is managing the challenges and opportunities posed by digital transformation, sustainability, and regulatory requirements in the evolving financial landscape.

Bank CEOs lead charge on sustainable finance and ESG impact

As the world shifts towards sustainability, bank CEOs are at the forefront, driving ESG initiatives, overcoming challenges and reaping the benefits from the opportunities.

JP Morgan advances payment innovation with programmable payments, blockchain and AI

JP Morgan is advancing global settlement by leveraging programmable payments, expanding the use of JPM Coin via its Onyx platform, employing AI to enhance fraud detection and transforming liquidity management for corporate clients, logistics companies, and marketplaces, particularly in Asia Pacific.

HSBC revamps trade finance with strategic collaborations and client-centric solutions

In response to shifting global trade patterns, HSBC is refocusing its efforts through its newly rebranded Global Trade Solutions. It is embracing data-led financing and a solution-centric approach to adapt to the evolving trade finance landscape in the region.

Barclays bolsters institutional payment processing in APAC with $1B infrastructure investments

Barclays' $1 billion investment in global payment infrastructure aims to expand client access to local instant payment systems while enhancing cost-efficiency, speed, and risk management in a competitive market.

News

Publication

2024/25 Global Leaders in Financial Institutions and Transaction Finance directory

The 2024/25 Global Leaders in Financial Institutions and Transaction Finance directory serves as an essential resource for understanding the state of transaction banking globally. It focuses on the critical developments in cash management, payments, and trade finance, with a special emphasis on the Asia Pacific region.

The publication highlights how financial institutions are navigating the complexities of rising interest rates, inflation, and geopolitical shifts by integrating cutting-edge technology such as AI and API-driven solutions to enhance liquidity management and optimise treasury functions. Through detailed case studies and surveys, this edition also delves into how instant payment systems, API-led innovations, and sustainability initiatives are reshaping the global transaction banking landscape.

The World's Largest and Strongest Banks

This special edition of TAB Global 1000 ranks the world's largest and strongest banks of 2024, showcasing the financial strength, resilience, and market dominance of top institutions like JPMorgan Chase, China Merchants Bank, and Royal Bank of Canada. As the global banking sector faces economic volatility and regulatory challenges, this year's rankings highlight how banks across Asia Pacific, North America, and Europe are adapting. Chinese banks, including Industrial and Commercial Bank of China and Agricultural Bank of China, continue to lead, while Middle Eastern players like Saudi National Bank rise in prominence.

The edition also previews Sibos 2024, taking place in Beijing, where innovations such as digital currencies, blockchain, AI, and cross-border payments will take centre stage. Also, an exclusive Interview with Kim Sung-Tae, Chairman and CEO of Industrial Bank of Korea, provides insight into how the bank is aligning profitability with societal growth, focusing on sustainability and technological integration to shape the future of SME finance.

2024/25 Global Leaders in Banking and Financial Technology

The 2024-2025 Global Leaders in Financial Technology Directory and Handbook reaffirms our commitment to providing comprehensive insights into the financial technology industry. Since 2015, our List of Leading Practitioners (LLP) programme has recognised individuals shaping technological advancements regionally and globally.

In addition to listing prominent practitioners, this directory features thought-provoking articles, insightful commentary, and in-depth analyses addressing industry challenges. It fosters connections across institutions and geographies, facilitating dialogue among participants and enhancing industry data, research, and benchmarks.

This evolving resource is available at listofleadingpractitioners.theasianbanker.com

We value your insight and feedback on this directory and the LLP programme.

The Asian Banker Leadership Achievement Edition

This special edition of The Asian Banker highlights the exemplary leadership driving innovation and sustainability in the global financial services industry. Focusing on the prestigious Leadership Achievement Awards 2024, it celebrates visionaries like Tay Ah Lek of Malaysia's Public Bank, Brian Moynihan of Bank of America, and Sashidhar Jagdishan of HDFC Bank in India, who are leading their institutions through important transformations. With deep dives into key trends such as sustainable finance, AI advancements, and cross-border payments, this issue provides critical insights into the future of the financial world.

Our feature in this issue explores the latest discussions on ESG, regulatory changes, and technological innovations shaping the industry today.

Videos

Marketnode’s ambition to transform capital markets through blockchain

Rehan Ahmed, CEO of Marketnode, is driving the transformation of capital markets using blockchain technology, with a focus on overcoming regulatory challenges, streamlining cross-border payments, and unlocking new investment opportunities through tokenisation.

How will BNY’s innovations drive the future of cross-border payments in Asia Pacific

Jennifer Barker, global head of treasury services and depositary receipts at BNY, discussed the rapid evolution of cross-border payments in Asia Pacific, the impact of blockchain on FX transactions, and the pressing challenges in payment security.

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