BankservAfrica and SWIFT will hold an event on 28 November 2018 for the financial services industry under the theme ‘Enabling the Digital Economy – What does this mean for Africa?’ The event will bring together senior financial representatives to discuss the future of money, real-time cross-border payments, the rise of artificial intelligence in financial services, open banking and much more.
This event will examine the outcome of discussions at Sibos in Sydney, where more than 7,500 financial services professionals gathered from around the world, including almost 400 senior industry representatives from Africa.
There, delegates debated how banks and financial services providers are transforming – by reassessing and re-engineering their business models, service offerings and relationships with third parties. Additionally, banks are putting together business strategies with a digital dimension – developing new partnerships with clients and service providers that leverage new technologies – big data, AI, cloud, mobile and blockchain.
What do these trends mean for African banks?
Alain Raes, Chief Executive Officer for EMEA & Asia Pacific, SWIFT said: “There is rapid and fundamental change underway in financial technologies and business models. It is therefore crucial that discussions in global forums such as Sibos are continued and resonate at a regional level. We are delighted to bring the South African financial community together to maintain this momentum, to discuss key issues and collectively shape the future of the financial industry in Africa.”
BankservAfrica Chief Executive Officer Chris Hamilton said: “Evolutionary change promises to have an impact on financial services globally as well as in Africa and South Africa. Fundamental economic transformation is likely to come from micro services and APIs, as well as app-based service delivery and other mobile-oriented payment services on smartphones. Africa has been a leader in utilising mobile technology to drive development, so we are excited to discuss with delegates in South Africa how to explore the full potential of these technologies.”
Financial service experts will join us in Johannesburg to discuss:
- The future of money – how data, computing power and AI will bring about a revolution in hyper-personalisation and enable the promise of contextual banking
- Making cross-border payments real-time – SWIFT’s ambition to build a truly global real-time payments experience for the benefit of your retail customers
- The rise of artificial intelligence (AI) in financial services – how are financial institutions harnessing the potential of AI?
- Cybercrime – how can financial institutions mitigate the business risk?
BankservAfrica and SWIFT hope that this conference will bring insight to the industry as financial communities in many African countries – like the rest of the world – engage in the debate about how to best serve the needs of businesses and consumers now and into the future.
