Latest news with #Sibos
Fintech News ME
9 hours ago
- Business
- Fintech News ME
Dubai Named as First Sibos Host Outside Traditional Regions for 2029
Swift, a Belgium-based member-owned cooperative and provider of secure financial messaging services, has announced the host cities for its flagship Sibos conference through to the end of the decade, naming Dubai as the 2029 host, marking the first time the event will be held outside the traditional rotation of Europe, North America, and Asia-Pacific. The announcement signals a strategic shift in Swift's approach to the global event, with an expanded focus on financial inclusivity across emerging markets. Starting in 2029, Sibos will rotate every fourth year to regions in Asia, the Middle East, Africa, and Latin America. Swift stated that this broader rotation aims to reflect the diversity of its network, which includes over 11,500 institutions across more than 200 countries and territories. 'Swift is a convener of and for the global financial industry and as the breadth of our network continues to grow, we're delighted to be able to expand Sibos to more locations around the world,' said Rosemary Stone, Chief Corporate Officer at Swift. 'No other event brings the industry together on the same scale as Sibos, and the addition of even more perspectives to the event's debates and discussions will be increasingly valuable as the industry navigates rapid technological change and the growing risk of fragmentation.' Dubai's selection highlights the Middle East's rising significance in global finance. Often referred to as the 'Gateway to Africa,' the city's Dubai International Financial Centre (DIFC) has grown into a key financial hub since its establishment in 2004, now hosting nearly 7,000 companies and a major portion of the Gulf's fintech ecosystem. The Sibos 2029 edition will follow events in Frankfurt (2025), Miami (2026), Singapore (2027), and Paris (2028), the latter of which will mark the 50th anniversary of the event. Sibos, which began in 1978, brings together stakeholders from across the financial services sector to discuss topics in payments, securities, cash management, and trade. It regularly draws over 10,000 delegates and is awarded to host cities through a competitive bidding process that considers financial significance, logistical and technological infrastructure, and venue capacity. The conference shifted online in 2020 due to the COVID-19 pandemic and has maintained a virtual attendance option since resuming in-person events in 2022.
Business Wire
a day ago
- Business
- Business Wire
Swift Announces Expansion of Flagship Sibos Event as It Names Paris and Dubai Future Hosts
BRUSSELS--(BUSINESS WIRE)--Swift today named host cities for its global flagship event, Sibos, up until the end of the decade, and announced an expansion of the premier financial conference to strengthen financial inclusivity for growing economies across Asia, the Middle East, Africa and Latin America. Following Frankfurt (2025), Miami (2026), and Singapore (2027), Paris will host Sibos for the first time in 2028 – a milestone year marking five decades since inception of the conference. The French capital employs around 340,000 people in the financial industry, according to Paris Europlace, among the highest of any financial hub in Europe. Dubai will follow with hosting duties in 2029. The Middle East is a key strategic region in global finance, bridging Europe, Asia and Africa - facilitating trade and investment flows. Dubai - often referred to as the Gateway to Africa because of this strategic location - is home to the Dubai International Financial Centre (DIFC), a global hub that has grown significantly since its foundation in 2004. The DIFC is now home to almost 7,000 businesses as well as the majority of the Gulf Co-operation Council's fintech industry. The 2029 edition will also initiate a new rotation for Sibos. The global event has traditionally rotated among established financial centres in three regions: Europe, North America and Asia-Pacific. Beginning with Dubai, Swift will hold the event every 4 th year in growing economies across Asia, the Middle East, Africa and Latin America, to better reflect the diversity and inclusivity of its global infrastructure that serves more than 11,500 institutions in over 200 countries and territories. Rosemary Stone, Chief Corporate Officer at Swift, said: 'Swift is a convener of and for the global financial industry and as the breadth of our network continues to grow, we're delighted to be able to expand Sibos to more locations around the world. No other event brings the industry together on the same scale as Sibos, and the addition of even more perspectives to the event's debates and discussions will be increasingly valuable as the industry navigates rapid technological change and the growing risk of fragmentation.' The Sibos expansion comes as Swift's infrastructure is used more than ever. Swift recorded record traffic last year and the highest year-on-year growth in 15 years, underlining its growing utility to institutions around the world. Sibos, which was first convened in 1978, creates an opportunity for the Swift community to come together to exchange ideas, debate and collaborate in the areas of payments, securities, cash management and trade. It regularly attracts more than 10,000 delegates from the financial services sector. Host cities are selected through a competitive bidding process several years ahead of the event. As well as being a financial centre, key considerations include both technological and logistical infrastructure, as well as having a conference venue that is large enough to host a large scale event. In 2020 Sibos went digital as a result of the Covid-19 pandemic, and virtual attendance has remained an option since the event resumed in-person in 2022. About Swift Swift is a global member owned cooperative and the world's leading provider of secure financial messaging services. We provide our community with a platform for messaging and standards for communicating, and we offer products and services to facilitate access and integration, identification, analysis and regulatory compliance. Our messaging platform, products and services connect more than 11,500 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories. While Swift does not hold funds or manage accounts on behalf of customers, we enable our global community of users to communicate securely, exchanging standardised financial messages in a reliable way, thereby supporting global and local financial flows, as well as trade and commerce all around the world. As their trusted provider, we relentlessly pursue operational excellence; we support our community in addressing cyber threats; and we continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Our products and services support our community's access and integration, business intelligence, reference data and financial crime compliance needs. Swift also brings the financial community together – at global, regional and local levels – to shape market practice, define standards and debate issues of mutual interest or concern. Headquartered in Belgium, Swift's international governance and oversight reinforces the globally inclusive character of its cooperative structure. Swift's global office network ensures an active presence in all the major financial centres.
