Daily News From Sibos In Partnership With DBS

The global financial community gathers in Beijing for Sibos 2024. This year’s theme, “Connecting the Future of Finance,” highlights the pivotal moment the financial industry is facing, with both significant opportunities and challenges ahead. Stay informed with the latest developments from the Sibos floor.

HSBC Simplifies Trade Finance For Chinese SMEs

HSBC announced at Sibos on Wednesday that it is expanding the trade financing solutions it offers to businesses trading on e-commerce platforms in mainland China and Hong Kong, following the successful launch of its collaboration with Dowsure Technologies.

DBS at Sibos

J.P. Morgan Mints ‘Always-On’ Clearing

J.P. Morgan has just announced a new global clearing offering, Wire365, that supports the complete range of global US dollar wire products and operates 24/7, seven days a week.

Banks Seek Ways To Manage Data Quality For AI Services

The use of AI in finance has been a hot topic at this year’s Sibos conference, as banks consider how AI can transform the way financial services are delivered and consumed, and, more urgently, how its data is managed.

Treasury Turns To Banks For Technology

A recent survey by EY of more than 1,800 global CFOs and treasurers of corporate and commercial clients was unveiled at Sibos, revealing chances for banks to provide value-added services.

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 CBDCs

Central bank leaders on Tuesday discussed the evolving landscape of Central Bank Digital Currencies at the Sibos conference in Beijing.

BofA Extends FX Rate Guarantees To A Year

Following growth in cross-border payments, Bank of America on Sunday introduced Guaranteed FX Rates of up to one year, the longest tenor available in the industry.

BNY, Mizuho Announce Partnership On Trade Services

BNY and Mizuho Bank, the oldest banks in the US and Japan, respectively, announced on Sunday an agreement to expand their correspondent bank network to help facilitate international trade.

Sibos Conference Opens In China For First Time

To coincide with the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held in China for the first time.