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While SWIFT’s original mission, dating back to the 1970s, was to provide a common language for international financial messaging, much has changed since then, causing us to re-examine the whole concept of correspondent banking. Many significant global events have occurred over the past 20 years, creating intense regulation and compliance requirements. Fast forward to today, where large volumes of RMAs have become too expensive and cumbersome for many global banks to maintain, with the impacts being felt across the board for importers, exporters, US regionals, and global banks. Collectively, we’re tasked with finding a more efficient solution to sustaining the necessary SWIFT correspondent relationships needed to support and grow cross-border trade with the hope of increasing the US share of the global marketplace. We will explore some creative ideas and solutions to address how the market needs a different approach.

This session will focus on the types of automation and value that a modern payments and FX platform can bring to your international business.

Join this session for a comprehensive overview of the payments landscape globally, how it all works, and what you can and cannot access as a US regional bank. We will hear about what fintechs are doing to leverage their capabilities and reduce payment friction in an environment where regulatory and compliance considerations need to be front of mind for banks. Ken will also talk about what other payment systems/networks to keep an eye on that are encroaching on the traditional payments space.

Attendees can interact in real-time just by joining a table in the conference's virtual lobby. Real-time, face-to-face interaction makes virtual networking feel natural and fun in Remo. To optimize your networking experience, please make sure to test your system ahead of time. Test system compatibility here.

This session will explore best practices and framework for offering FX Forwards including legal, regulatory, and risk considerations. We will explore policies requirements, onboarding clients, trade execution, and ongoing monitoring to manage credit, market, and counterparty risk.

This session will delve into the DerivativeEDGE FX platform's functionality to assist regional and community banks with managing their FX programs and cross-border payments, and be a system of record for customer onboarding, trade execution and capture, and ongoing monitoring to control credit, market, and counterparty risk

Learn about the benefits and differences between the tools available to satisfy SWIFT Standards Release 2020, which includes the Basic Tracker and GPI. In addition to the Basic Tracker, the panel will discuss GPI and its benefits, implementation requirements, and the current roadmap.

With the challenges of the current credit environment, many regional banks have been looking further at the EXIM and SBA export loan programs as a way to support new and existing customers. This panel will begin with an overview on the EXIM Bank Working Capital Loan Guaranty program and SBA Working Capital Guaranty Program. Following the update, the discussion will pivot to best practices for managing the various internal resources necessary to administer the EXIM and SBA programs successfully. This panel is designed to help regional banks understand the role that the EXIM and SBA export programs can play within their institution and how it can serve as a compliment to their existing Trade Finance services.

At Finzly, our mission is to deliver modern, user friendly experiences that help drive customer adoption and revenue growth in FX and Trade Finance. Our session will demonstrate how our highly scalable, cloud managed and hosted platform puts innovative regional banks in a position to compete and win by maximizing the insourced revenue opportunity, growing international customers and combating competitive threats.