The cyber threats faced by key financial markets across the world have been exposed by a new report published today by BAE Systems and Swift.

In the third of a three-part series exploring the key takeaways from the securities stream at Sibos 2019, panellists discuss the need for senior management to invest in better people, processes and technology to defend against cyber attackers.

Strengthen your compliance environment with the help of our team of experts

With regulators around the world demanding greater interoperability among financial institutions as they move more towards an open banking model, a newly formed API standards alliance hopes to play a key role in unlocking further potential of API technology. 

Part of Swift’s mandate is to debate issues of mutual interest – so where we can, we will help to accelerate, collate or disseminate analysis that helps our members deploy innovation successfully. We also use our experience and analysis to help our Community to consider the practical implications of new business models, taking into account key factors such as evolving business demands, security, and compliance requirements.

From distributed ledger technology to artificial intelligence, a wide range of influences are driving radical change in the financial world. Meanwhile, central pillars of the industry like security, compliance and standardisation have never been more critical. Find out more below on the key topics and trends affecting our community, and how Swift is helping our members tackle these challenges.

Discover what the Transaction Screening service is, its key benefits and features, why migrate, and how to connect to this service.Learning objectives:What is Transaction Screening?Why migrate to Transaction Screening?What are the key benefits and capabilities of Transaction Screening?How long will it take to migrate from Sanctions Screening to Transaction Screening?Transaction Screening sanction ListsHow to connect to Transaction Screening?

Understand key principles to work with BIC Plus data. Understand the differences between BIC Plus and the BIC Directory 2018. Be able to interpret the life cycle of a BIC.

Get a high-level overview of what Swift Go is, its key benefits, and how it works.Learning objectives:What is Swift GoValue proposition of Swift GoHow does Swift Go work

Technology and collaboration are key for banks facing a zero tolerance policy on financial crime compliance, delegates were told at Swift's 2014 London Business Forum. Steve Allen, head of global payments at Barclays, said accuracy of data must be the banks' number one priority across know-your-customer (KYC), anti-money laundering (AML) and sanctions compliance.