SWIFT, as a unique bank cooperative, plays a critical role in the global financial system, both through its traditional offerings and through new initiatives like its KYC Registry and its active engagement of Corporates in the SWIFT Network. Join us for an update on the strategic direction of SWIFT in light of potentially disruptive develop¬ments in technology, threats to its highly trusted security, and the growing bank/FinTech partnership. Interviewer: Shannon Manders, Editorial Director, GTR

1. Update on recent developments at SWIFT

2. Discussion overview
3 main priorities:
Security
Compliance
Innovation

3. Security:
• The industry’s response to SWIFT’s CSP
• Other security-related measures
• What does the future of cybersecurity look like?
In September last year, SWIFT unveiled the most recent phase of its
customer security programme (CSP), established to support customers
in the struggle against cyber-attacks. The controls will be mandatory
by the start of 2018.

4. Compliance:
• Key challenges in interbank KYC maintenance
• Take-up of SWIFT’s KYC registry
• Other compliance-related update
SWIFT created its know your customer (KYC) registry in 2014 to
enable its community to collectively address the global challenge
of KYC compliance.

5. Innovation:
• SWIFT’s gpi: What are the key benefits of SWIFT gpi and
how has the market reacted?
• SWIFT’s approach to DLT and blockchain
• What are the latest trends in trade and supply chain?
SWIFT’s global payments innovation (gpi) service, launched in February,
dramatically improves the customer experience in cross-border payments
by increasing the speed, transparency and end-to-end tracking of cross-
border payments.