Oman to take part in Sibos 2017 banking and financial services forum

MUSCAT, OCT 15 – Over 400 delegates and exhibitors from Oman, the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Egypt, Jordan and Lebanon have registered a key financial services forum, Sibos 2017, which will be held in Toronto from October 16-19.
Organised by SWIFT, a member-owned cooperative and global provider of secure financial messaging services, Sibos attracts over 8,000 banks, financial and securities institutions, regulators, corporate customers and service providers who come together every year to discuss the key issues shaping the global financial industry.
Under the theme of ‘Building for the Future’, the 2017 conference programme will look at major industry trends including cyber-security, financial crime compliance, artificial intelligence, the impact of geopolitical and regulatory shifts, and data and identity.
Sido Bestani, SWIFT’s Head of Middle East, Turkey and Africa, says: “For nearly 40 years, Sibos has brought together decision makers, business leaders and financial experts to network, collaborate and make sense of changes in the industry. This year, delegates from the Middle East will engage with regional and global experts in Toronto.”
Khaled Moharem, Head of Middle East and North Africa at SWIFT, says: “The Middle East hosted Sibos in 2013 at the Dubai World Trade Centre. Since then, regional support for Sibos has grown year on year. Middle Eastern banks want to be part of the global conversation about the future of the industry, its challenges and opportunities, since they are at the forefront of adopting the latest technology to increase efficiencies and better serve their customers.”
The 2017 programme will be structured around four main streams: banking, compliance, securities and technology. The banking stream will cover the future of payments and the challenges facing correspondent banking. There will also be sessions exploring new collaboration models for banks and corporates, with increased demand from treasurers for speed, transparency and traceability in cross-border payments and a renewed push on digitisation in the trade finance sector. The compliance stream will look at developments in financial crime compliance and how banks are responding.