By Denise Bedell
Given SWIFT’s increasing focus on attracting a corporate audience, it is unsurprising that the corporate stream at the annual Sibos conference in Dubai is channeling deeper than it has in the past.
The Corporate Forum (see the agenda here) boasts a plethora of events tailored to help corporate treasurers, IT people and financial executives get a better handle on how and why SWIFT access makes sense for corporate users.
One of the highlights is a look at Alliance Lite2—the user-friendly, cloud-based corporate access channel that SWIFT launched last year. It requires no infrastructure to maintain—a big drawback of its more direct access channel—and has a usage-based monthly fee, with little upfront investment.
There is also a big focus on corporate supply chain management and supply chain finance. With SWIFT having launched its bank payment obligation (BPO) solution, much of the first day of the Forum is keyed into looking at how companies can make use of this automated letter of credit (LC) service to reduce errors, improve supply chain efficiency and speed up the flow of cash throughout the chain.
Being hosted in Dubai this year, the corporate stream also takes a look at payments and trade in the Middle East and Africa—which will undoubtedly be a key topic of discussion among delegates from multinationals (see our coverage of changes in Middle Eastern transaction banking).