Standard Chartered at Sibos

Find out more information on our presence at Sibos 2017.

Sibos 2016, Geneva:

We were significantly represented at last years Sibos conference in Geneva. In case you missed it, we've outlined some of our key speakers, and included details on the sessions and activities offered throughout the week:

Speakers

Our experts shared their insights on the latest industry trends and topical issues of the day.

 

Anurag Bajaj

Anurag Bajaj

Anurag Bajaj is our Global Head of Banks, Transaction Banking. Based in Singapore, he heads global sales, product and service teams delivering cash management, trade finance and securities services solutions to clients in 120+ countries.

 

 

Cheri McGuire

Cheri McGuire

Cheri McGuire is our Chief Information Security Officer. She is responsible for the Bank's information and cyber security governance, strategy, regulatory engagement, policy development, training and awareness, as well as industry stakeholder partnerships.

 

 

David Fleet

David Fleet

David is the Managing Director of Client Onboarding and Management. He is based in Singapore and is responsible for leading the Bank’s strategy and execution of client onboarding and management services globally.

 

 

John Cusack

John Cusack

John Cusack is our Global Head of Financial Crime Compliance and Group Money Laundering Reporting Officer. He is one of the world’s longest serving money laundering prevention heads, and a leading practitioner in compliance and financial crime risk management.

 

 

TS Shankar

T.S. Shankar

T.S. is our Global Head of Clearing and Liquidity Products and is based in Singapore. He is primarily responsible for the design and building up of client-centric clearing and liquidity products globally for correspondent banks.

 

Sibos Sessions

Our speaker sessions.


The global payments innovation initiative: a new standard in cross-border payments

Speaker: T.S. Shankar, Global Head of Clearing and Liquidity Products

With the global payments innovation initiative, SWIFT is setting a new standard in cross-border payments. Announced in December 2015, over 70 of the largest transaction banks have signed up. They will provide their customers with same day value of funds, transparency of fees, and end-to-end payments tracking similar to international parcel shipping companies. In addition, there is a vision and pragmatic roadmap to digitally transform cross-border payments.

Stream: Banking
Date: Monday 26 September
Time: 10:30 – 11:15
Venue: SWIFT Auditorium – SWAU


How to safely bank low-risk clients in high-risk jurisdictions: Is it time to “re-risk”?

Speaker: John Cusack, Global Head of Financial Crime Compliance

Banks face a difficult balancing act when it comes to banking legitimate customers in high-risk jurisdictions. The cost of additional due diligence and the risk of compliance missteps can be high, particularly when balanced against the relatively modest financial returns that such relationships often deliver. What can banks do to avoid fines as well as financial exclusion? Are there global or community-driven strategies that can benefit all? How does the shifting sanctions landscape, with restrictions being relaxed for some countries, change the compliance dynamic?

Stream: Compliance
Date: Monday 26 September 
Time: 15:30 – 16:30 
Venue: Conference Room 1 – CR1


Cybersecurity – Catching the bad guys

Speaker: Cheri McGuire, Chief Information Security Officer

For over a decade, cyberattacks have been increasing in number and complexity. Threats are more sophisticated than ever with highly organised and well-trained cyber criminals, prepared to play a patient long game to achieve their aims. With all elements of the financial services industry under threat, skilled staff are being deployed, cybersecurity budgets are skyrocketing and collaboration between firms and with law enforcement agencies is increasing in breadth and scale. What practical and strategic approaches should banks and other financial institutions pursue to protect themselves and their clients? What is the best way to gather counter-intelligence to stop the perpetrators?

Stream: Other
Date: Tuesday 27 September
Time: 14:00 – 15:00
Venue: Plenary – PLR


Utilities: Reaching the tipping point?

Speaker: David Fleet, Managing Director of Client Onboarding and Management

Financial Crime Compliance utilities have continued to achieve increasing support, not just as a concept, but as a practice. As the conversation evolves in terms of which compliance processes to offshore, in order to reduce cost, what are the key considerations when making decisions as a business, and how does one maintain control of critical compliance and risk functions?

Stream: Compliance
Date: Tuesday 27 September
Time: 15:30 – 16:30
Venue: Conference Room 1 – CR1


Reinventing correspondent banking: Where next?

Speaker: Anurag Bajaj, Global Head of Banks, Transaction Banking

Under ever greater pressure from their corporate customers to improve the cross-border payments experience – and challenged by the growing number of digital innovators – over 45 of world’s largest transaction banks teamed up in December 2015 to rethink the traditional correspondent banking model. Committed to offering new B2B cross-border payments with greater speed, transparency and predictability, the piloting of the new service is already underway, and the first results will be shared at Sibos. While the train has clearly left the station, technological developments and customer expectations are evolving at an exponential rate and many questions remain: Will banks be able to keep up? Is there a business case for competition with fin-tech companies? Where can back-offices be streamlined?

Stream: Banking
Date: Wednesday 28 September
Time: 15:30 – 16:30
Venue: Conference Room 3 – CR3


Real-time liquidity monitoring and management: Do banks still have the choice?

Speaker: T.S. Shankar, Global Head of Clearing and Liquidity Products

Financial considerations and regulatory drivers are putting increased pressure on banks to move from daily liquidity reporting to effective real-time liquidity management and monitoring. To what extent will this impact the existing correspondent banking practices and model? How are banks coping today with the required data collection challenges? Should the industry explore collaborative avenues to address these challenges and reduce the artificial use of liquidity and its related risks?

Stream: Banking
Date: Thursday 29 September
Time: 09:00 – 10:00
Venue: Conference Room 3 – CR3

Insights Session

Cockroach vs. Unicorn: and do we care?

Over the past few years, fintech firms have been coming up with novel ways to address client needs, making a strong case for taking on business traditionally associated with banks. Significant advances in technology and the emergence of a more digitally active client base has only helped in this push.

Which areas are giving rise to Unicorns? When is it best for a fintech firm to be a Cockroach? How can banks compete against them? Should a third party (like SWIFT) play a role in bringing banks and fintech firms together? Should banks invest in fintech firms or should they work with them?

Alex Manson, Global Head of Transaction Banking and our speakers Brad Garlinghouse, COO and President of Ripple and Mike Sigal, FinTech EIR and Head of Partnerships at 500 Startups discussed and explored these topics at a breakfast session .

Date: Tuesday 27 September   
Time: 07:30 – 08:30


About our speakers

Alex Manson

Alex Manson

Alex is the Global Head of Transaction Banking at Standard Chartered. Alex has been based in New York, London, Frankfurt, Hong Kong and Singapore, and holds an MBA from INSEAD and an engineering degree from the Polytechnicum of Zurich.

 

Brad Garlinghouse

Brad Garlinghouse

Brad is the Chief Operating Officer and President of global financial technology company, Ripple. Previously, Brad served as the Chief Executive Officer and Chairman of the Board of Directors of file collaboration service Hightail (formerly Yousendit).

 

Mike Sigal

Mike Sigal

Mike serves as FinTech EIR and Head of Partnerships for 500 Startups, the world’s most active early-stage FinTech investor, where he is responsible for accelerating 20-25 early-stage investments per year, and developing partnerships with corporations and investors.

Our Insights

Timely and topical insights from our subject matter experts.

 

Banking the ecosystem

Banking the ecosystem: connecting business communities

With evolving corporate buying behaviours as a result of global expansion and shifting of supply chains, banks no longer have the luxury to push products for corporates to adapt to. They now have to offer integrated and flexible solutions that address corporates’ transactional, financial and information needs.

Read more

 

China and asset managers

China and asset managers: An attractive destination

Macroeconomic volatility is increasing, fuelled by the economic consequences of Brexit; record low interest rates; commodity swings; and political risk in the US. Many international investors would have included China’s recent market unpredictability in that list, but these events have been exaggerated.

Read more

 

Blockchain

The future of market infrastructures and blockchain

With blockchain set to spark major changes across finance, the disruption is likely to be felt most in some of the more archaic processes associated with post-trade securities services. Find out how blockchain can be deployed to assist market infrastructures across Asia, Africa and the Middle East.

Read more

 

Promoting financial inclusion

Promoting financial inclusion in correspondent banking

Global banks have been reducing correspondent banking clients in smaller markets, either because they are no longer commercially viable or they fail today’s higher financial crime prevention standards. International efforts are now being made to rectify the situation.

Read more

 

Halting the decline

Halting the decline of correspondent banking

As regulations and enforcement activities to combat money laundering and terrorism financing increase, some banks are choosing to de-risk their business by exiting correspondent banking in certain markets, with very real implications for the global economy.

Read more

 

Activities

The exciting activities we had lined up during Sibos week 2016

 

Emi Fukahori

A multi-sensory coffee experience with Emi Fukahori 

Based in Zurich, Emi Fukahori, the 2015 Swiss Barista Champion, made a special appearance at the Standard Chartered booth during Sibos week. Signature coffee brews featured beans from our footprint regions across Asia and Africa, thoughtfully crafted to create the ultimate taste experience, as Emi took you through the inspiration behind her creations.

Date: Monday 26 September to Thursday 29 September
Time: 08:00 – 18:00 daily (booth closed at 17:30 on Thursday)

 

Seeing is Believing

Help us to help others see – and win exclusive Liverpool FC items!

In support of Seeing is Believing, Standard Chartered conducted a silent auction at our booth during Sibos week. Bids were entered for a chance to win exclusive Liverpool FC items including tickets to watch the Perfect Match at Anfield and signed jerseys.

Date: Monday 26 September to Thursday 29 September
Time: 08:00 – 18:00 daily (auction closed at 17:00 on Thursday)

 

Kevin Keegan

Happy Hour with Liverpool FC Legend, Kevin Keegan

Quite simply the footballing superstar of the seventies, Yorkshire-born striker Kevin Keegan was an icon both for Liverpool and England. Two UEFA Cups, three league titles, a European and FA Cup and a tally of 100 goals; the number seven left the Kop with a multitude of magical memories. Our booth offered an exclusive opportunity to meet and chat with Kevin!

Date: Tuesday 27 September
Time: 16:30 – 18:00

 


Image of Emi Fukahori by Sprudge

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