Global Transaction Finance Reinvented

  /  Global Transaction Finance Reinvented

17-18 June 2020, Shangri-La, Kuala Lumpur, Malaysia

Meet the most successful global players, innovators, disruptors and thought leaders in payments, supply chain, correspondent networks and transaction banking today

Key dialogues on business models and disruptions that will fundamentally transform the payments landscape

Transaction finance practitioners and business heads in key dialogues covering transformational issues in the financial service industry

In 2019, a series of geopolitical and macro financial risks added elements of uncertainty in corporate decision making as the adverse impact of trade and technology tension started to impact market and the overall industry sentiments. The United States and China may have gradually edged toward a partial trade deal but uncertainty still lingers on for corporates and their partner banks, as they collectively tread the path of changing technology dynamics, regulations and new service providers that are challenging the existing business models and relationships.

The ever-growing need for corporates to manage working capital, liquidity and risks and their own customers has driven transaction banks to make heavy investments into new technologies so as to keep with real-time payments. Alongside the traditional products of cash and working capital management, there is a huge demand for value-added services, unlikely to be fulfilled if one works in siloed environment.


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Introduction of real-time payment schemes in several markets have influenced consumer choices, and such expectations will drive the growth of new payment market infrastructures around the world to seek greater network connectivity between them. Although it is a positive development as it creates opportunities, it also adds significantly to the underlying cyber-technology risks as financial institutions must monitor and control those in real-time.

Moreover, as regional corporates seek global ambitions, transaction banks have in the past, increasingly partnered with one another to provide bundled solutions that deliver coverage based on old rails. But this is changing rapidly and consequently attracting attention of non-bank providers to take over parts of value chains, underserved or poorly served by incumbents. This movement resulted in greater prospects for institutions to ‘collaborate and thrive’. Stronger together, they are harnessing the power of ecosystems to turn disruption into opportunity.

The ‘Global Transaction Finance Reinvented’ conference, part of the Future of Finance Summit, provides a platform for a dialogue between experts from global and regional banks, alternative players, regulatory organisations and new technology providers to discuss the latest trends and offer best practice solutions to stay ahead of the curve.

Key issues to be covered:

Treading the future path of new digital trade and supply chain network
The emergence of open API platforms: Getting real with implementations
Cross-border instant payments in a new decade
Creating stability and competitiveness of supply chain financing
Trade finance transformation: What will blockchain do?
Managing risks in an increasingly connected world
Redefining “emerging markets” in correspondent banking

Who will attend?

The programme is designed for decision makers and senior professionals from the following areas of specialty:

  • Chairmen, CEOs, board members, senior management of leading traditional financial institutions including banks and financial market players
  • Transaction banking professionals in cash, payment, trade and FX from traditional and new players
  • Heads of operations, technology, channels and payments
  • Senior executives in logistics and supply chain finance
  • Financial technology startups, blockchain companies, Internet finance companies and other non-bank players in transaction services
  • Regulators, government officials and policy makers who want to be part of the conversation

Global Transaction Finance Reinvented

Day-1: Wednesday, 17 June 2020

  • TIME
  • AGENDA
08:30 – 09:00

Registration and morning networking

09:00 – 11:00

The Future of Finance Summit – Opening Keynote Session

Welcome Remarks

International Keynote:

Leadership Dialogue

After the opening keynote, we invite a panel of remarkable individuals in the financial services industry to corroborate the opening keynote and to contextualise the learning for the industry.

The 2020 Leadership Dialogue will bring together a number of remarkable pioneers, inventors, leaders and thinkers in their respective areas who have unique perspectives that can help us respond to the challenges faced by the industry today.

Session co-chaired by Emmanuel Daniel, Chairman, The Asian Banker and
Gordian Gaeta, International Resource Director, The Asian Banker

11:00 – 11:30

Tea/Coffee break

11:30 – 12:30

Treading the future path of new digital trade and supply chain network

Treading the future path of new trade and supply chain networks requires moving beyond the bilateral i.e., one buyer and one supplier and looking at trade more holistically via supply chain finance schemes. The foundation of these schemes are built in terms of ecosystems of existing and new commercial relationships that make up global supply chains. Thus, driving more collaboration between the physical and financial world and between all parties that connect to create an ecosystem remains an opportunity.

Having the speed and pressure of digitalisation in mind, how does the future of trade and supply chain finance look in the new decade?

The panel will discuss strategies on the drastic shift of the industry’s collective efforts to digitalise trade and supply chain finance operations evaluate whom to collaborate with, what networks or consortiums to join, integrate into any kind of end-to-end solution, maintaining their trade finance corporate relationships and relevancy. What are the challenges and opportunities in this new world?

12:30 – 14:00

Networking luncheon

14:00 – 15:00

The emergence of open API platforms: Getting real with implementations

APIs aren't new, but the use of external open APIs to enable third parties to access data and develop new services is. Traditionally, corporate banks were always the last to get technology toys after retail or investment banks, but this is now changing in the era of fintechs, challengers and open banking and application programming interfaces (APIs). With PSD2 as the primary driver of Europe’s move toward open banking, regulators in Asia are also promoting similar initiatives to foster competition in a bid to create efficiencies. With strong focus on industry collaboration, this has seen Asian banks explore and embrace new ways to share data with third party providers, boost connectivity whilst encouraging innovation. Relevant discussion topics include:

Growing revenue with open API

Reaching consensus on common acceptance of API standards

Risks from increased sharing of critical information

Examples of the emerging trends in open finance, drivers of the new framework and regulatory and operational challenges

15:00 – 15:30

Networking tea break

15:30 – 16:30

Cross-border instant payments in a new decade

The drivers of instant/faster payment schemes towards real-time are being fundamentally driven by; increasing customer demand around e-commerce, emergence of social networks and super-fast data transfer. The need to replace ageing payment infrastructures and to satisfy client needs around faster, reliable and more secure payment have led many countries to launch real-time domestic payment schemes, which are yet to be interconnected. B2B2C payment flows have additionally increased the demand for mobile and instant payment services which go beyond the traditional channels of electronic banking portals such as host-to-host services or those which use legacy systems.

This session will discuss the latest trends, initiatives and directives of the cross-border payments impacting global transaction services.

Some of the breakthroughs that need to happen to apprehend the lack of interoperability, infrastructure reachability

Existence of cross jurisdictional views arising from multiple parties on single payment transaction? Reaching a common standard such as the migration to ISO 20022

Traditional vs non-traditional: Role of fintechs and other new entrants in creating the disruption

Is SWIFT’s gpi fulfilling the promise of speed, transparency and traceability? What’s next?

Fulfilling customer demands while complying with local and global regulations

The commoditisation of instant cross-border payments – is FX the last frontier?

16:30 – 17:30

Day 1 - Closing keynote

020 Vision: Banks of the next decade

In the closing session for the first day, we feature leaders who have built infrastructure and business propositions from scratch and invested in all of the frontier technologies shaping the future including blockchain, 5G, robotic process automation making larger waves in the sector and paving the way for uncapped growth and innovation.

Their execution puts a different perspective on the skills required to identify transformational technology and harness the business propositions that arise from them. While political events will continue impacting financial services, digitalisation and data will dominate alongside robotic process automation, blockchain and 5G.

In this session we will discuss the changes being brought by the new technologies, what are the global trends, opportunities and challenges, attracting and retaining talent plus other topics.

17:00

End of Day 1

* Please note that this is a working agenda and topics and speakers are subject to change.

For more details please contact

Daisy Wang Programme Manager dwang@theasianbanker.com Tel: (+86) 10 5869 4641