Acupay at SIBOS 2022
In October 2022, SIBOS returned as an in-person event after a two-year hiatus, and Amsterdam hosted the financial services conference from 10-13th October.
The Acupay team could not miss out on participating in a week-long experience filled with innovative ideas, learning opportunities, inspiring conversations and valuable networking opportunities with executives, decision makers and thought leaders from across the industry.
This year’s theme was ‘Progressive finance for a changing world’ and it resonated well amongst all the speakers, panelists, and participants. The conversation touched upon important current topics, such as geopolitics and climate change, with a special emphasis on what financial services organisations can do to get ahead in the post-pandemic world through making the most of evolving technologies and emerging business models.
The Acupay team had the opportunity to participate in many of the conversations that took place during the conference. The team’s key takeaways were:
Distributed Ledger Technology (DLT) remains at the forefront of the emerging technologies with an increasing number of applications for financial services. From the emergence of CBDCs, NFTs and digital assets to the evolution of Decentralised Finance (DeFi) and dozens of transformative applications solving real world problems within trade finance, payments, and settlement, DLT seems to be capable of delivering on the promises it has made over the last decade.
The continued adoption of Artificial Intelligence (AI) and Machine Learning (ML) in financial services unlocks opportunities for streamlining and optimising processes, ranging from assessing financial risk and detecting patterns of fraud and financial crime to making credit decisions and leveraging the power of synthetic data.
Environmental, Social and Corporate Governance (ESG) is gaining traction, fuelled by climate change and geopolitical developments and new types of risks. The financial industry is taking steps to achieve sustainable finance goals and support ESG initiatives around the world.
Collaboration is evidently the key to innovation and progress. Whether it takes the form of participation in industry groups that work to support standardization and implementation of regulations or API marketplaces and ecosystems bringing market participants together in various forms, such as through public-private and private-private partnerships, combining strengths through collaboration can deliver faster, more effective, sustainable solutions.
Acupay is devoted to keeping abreast of industry developments and developing connections with industry leaders in events like SIBOS. We take pride in being the most forward-thinking financial service and technology solution provider in cross-border financing and taxation. For more information regarding how we help financial organisations access global markets and enable investors to benefit from tax relief on international investments, contact Acupay’s Product team via product@acupay.com.