GSS at Sibos 2022: a look back at our key takeaways

In 2022, GSS exhibited at the first in-person Sibos event since the outbreak of COVID. After a two-year absence, almost 10,000 delegates attended the hybrid event to learn about innovation in finance.  

The theme, ‘progressive finance for a changing world’ was well-received by both speakers and delegates. H.M. Queen Máxima of the Netherlands opened the annual conference, presenting in her capacity as the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development.

GSS at Sibos 2022

On day one, CEO Tom Scampion welcomed visitors to the booth and gave a presentation on GSS’ partnership with Swift. This strategic partnership will enable GSS to provide its sanctions screening solution to Swift’s global network.  

On day two, GSS took part in a Fireside Chat with Dow Jones, where Tom Scampion spoke alongside Neterium’s Luc Meurant on how to balance effectiveness and efficiency in the screening of payments against sanctions data.

In the afternoon, Tom Scampion was interviewed by David Watson, Chief Strategy Officer at Swift, on Sibos TV. The two discussed the strategic vision of Swift and how GSS can help to achieve it.

On day three, GSS was a panellist on the “Collaborating on Compliance to Achieve an Instant and Frictionless World” panel, alongside Matthew Hobbs from Swift and Jocelyn Tait Norval from ING. The panel discussed the importance of collaboration in the fight against financial crime.

GSS also had a number of other meetings and engagements at Sibos, including a panel with GSS Board Member Vivienne Artz OBE, who spoke on the “Power of Data”.

Key Takeaways from Sibos 2022

Here are some of the key takeaways from Sibos 2022:

• The need for collaboration and interoperability. The financial services industry is increasingly interconnected, and there is a growing need for collaboration and interoperability between different players.  

• The importance of innovation. The financial services industry is constantly evolving, and there is a need for innovation to keep pace with changing customer needs and the latest technologies. Sibos was a showcase for some of the latest innovations in financial services, from blockchain to artificial intelligence. ‍

• The focus on sustainability. Sustainability is becoming increasingly important in the financial services industry, and there was a strong focus on this topic at Sibos. Many speakers and delegates called for the industry to take steps to reduce its environmental impact and promote sustainable development. ‍

• The need for security. Security is always a top priority for the financial services industry, and this was a key topic at Sibos. Speakers and delegates discussed the latest threats and trends in financial crime, and how the industry can stay ahead of the curve.

Sibos 2022 was a great opportunity to learn about the latest trends and developments in the financial services industry. GSS was proud to be a part of this event and to showcase our entry into financial services. We are grateful to all the delegates who visited our booth and to the speakers and panellists who shared their insights with us.