Welcome to Sibos Toronto
We are looking forward to welcoming you at Sibos in Toronto. We’d be delighted to meet you at our booth G34, to discuss with you insights on the future of the industry.
Our speakers are presenting at various sessions:
Wednesday, October 18th
9:30 – 10:30 The state of global treasury – Untangling the knots
Paul Taylor, Head of Global Corporate Relationships for GTS, Bank of America Merrill Lynch
The 2-day corporate programme and this session will be preceded with a key note from Dr. Alish Campbell, Assistant Deputy Minister and Chief Commissioner International Business Development from Global Affairs Canada. As market conditions such as negative interest rates and the evolution of oil prices add uncertainty to global treasury operations, corporates also face a myriad of geopolitical and operational uncertainties when considering their longer term strategy. The unclear impact of the new US administration on financing global treasury businesses, the unknown impact of Brexit, the uncertainty of taxation, new legislation and increased competition all add to the decision making challenge. Cybersecurity risk is a rapidly growing concern for larger corporates - are banks still the trusted advisor? In this session, a panel of corporates and bankers will explore these challenges and also discuss influence of new players in the financial industry and the impact on global treasury operations.
11:00 – 12:00 The Future of Money
Ather Williams, Head of Global Transaction Services, Bank of America Merrill Lynch
This year’s Future of Money debate will focus on data, how it creates value and how it’s used: Real-time data is fuelling rapid growth in the new economy. Data centres are the oil refineries of the digital age, extracting value from raw information in the form of predictive patterns and other insights. As social media platforms and data-driven start-ups use this digital oil to power targeted advertising and generate new services, so must the financial industry extract more value from their platforms and the abundance of data they possess. How can financial services organisations use Big Data, in tandem with AI and cognitive services to better serve customers and move from a transactional business model to one of enablement? How do we progress from using data to influence pricing and risk to using it to drive bigger strategic business decisions? And with the way that data is used, bought and sold, changing the rules for markets and demanding new approaches from regulators, what does this mean from a legal and compliance perspective?
13:00 – 13:45 The new frontier of digitization in global Corporate treasury
Tom Durkin, Managing Director, Digital Channel Product Executive, Bank of America Merrill Lynch
Standardisation and streamlining multi-bank cash, payments and trade operations are top of mind for the corporate treasurer. Corporates are still experiencing great difficulties in sourcing and integrating data from multiple banks, with insufficient and inconsistent transaction information which often results in lack of visibility and every bank is effectively a new project. In this session you will hear what needs to be improved on existing corporate-to-bank flows and about the progress made on key industry initiatives to harmonise and innovate. The panel will discuss the important role of standards to support the vision for corporates of the Global Payment Innovation (GPI) initiative and the status and way forward for areas which are not yet as digitised such as EBAM, KYC and trade finance.
15:30 – 16:30 What’s next on the wish list of the corporate treasurer for global payments innovation?
Hubert Jean Pierre (JP) Jolly, Head of Global Financing and Channels, Global Transaction Services, Bank of America Merrill Lynch
The SWIFT global payments innovation (gpi) service aims to respond to an increased demand from treasurers for speed, transparency and traceability in cross-border payments. Is the proposed service going far enough or is this just the beginning of a much longer journey? Which other pain points need to be tackled and how are banks responding
Client Event: Bank of America Merrill Lynch is hosting our annual client reception on Wednesday, October 18. For more information on the client event, please reach out to your bank representative.
Forces of Change – A Three-Part Series Making a Case for Change in Cross-Border Payments
Part 1: Globalization
Part 3: Coming Fall 2017
Custody, Agency & Escrow – Learn how to safeguard assets, settle complex transactions and streamline short-term debt issuance with help from our Global Custody and Agency Services team.
COMMITMENT TO ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES
Our commitment to growing business responsibly is embedded into all aspects of our company. Below are some videos that illustrate our ESG focus.
For a complete list of awards please review the Transaction Services Awards and Accolades page.