13 September 2023

The Sibos Academy and Swift Institute Student Challenge: what to expect at Sibos 2023

The Sibos Academy conference stream returns featuring leading academics from the world’s top universities and business schools. Learn more about the programme this year as well as the Swift Institute Student Challenge, featuring the best and brightest leaders of tomorrow from the Toronto area.

The Sibos Academy

The Sibos Academy programme will bring together academics and researchers to share their insights with the Sibos audience. Each session, spread across all four days of Sibos week, will consist of talks showcasing unique academic research from world-leading experts.

The Sibos Academy sessions

  • In the first session on Monday at 09:00, How to weave ESG into your organisation’s strategy, Professor Walid Hejazi, Professor and Academic Director at the University of Toronto’s Rotman School of Management, will highlight four common myths associated with ESG and discuss how fully integrating ESG into organisational cultures can be a source of competitive advantage.
  • In Tuesday’s session at 09:15, The quantum threat: How to navigate new cybersecurity challenges, our expert speakers will explore the current quantum cybersecurity landscape and discuss strategies for identifying new threats as well as practical steps organisations can take to ensure security and resilience. The session will feature Professor Michele Mosca from the University of Waterloo, Dr Atefah Mashatan, from the Toronto Metropolitan University (TMU), Mercedes Gilroy of EvolutionQ and CIBC’s Kenneth Giuliani.
  • In Wednesday’s session at 09:00, Accelerated settlements: Are we ready? will showcase the findings of recent Swift Institute research conducted by Professor Tony Gandy from the London Institute of Banking and Finance and ISITC Europe and on industry readiness for T+1 settlement. Then a global panel, with representatives from DTCC, ISITC, CCMA, ISITC Europe and CSDC will discuss the US/Canadian move to T+1 from their perspectives.
  • In the first session on Thursday at 09:15, Payments data: The ultimate weapon against financial crime? featuring Beju Shah, Head of Nordics for the Bank for International Settlements’ (BIS) Innovation Hub presenting highlights of ‘Project Aurora’ – a major study from the BIS Innovation Hub. This work examines processes and technology that can connect payments data and improve economic crime detection rates. Nick Maxwell, Head of the Future of Financial Intelligence Sharing (FFIS), RUSI will preview his new study on the economic crime security dimensions of G20 payments reform. They will discuss the most effective way of understanding financial crime threats at a national and international level.
  • In the final Sibos Academy session on Thursday at 12:00, Structural Conflicts in Central Banking: Regulator or Operator of a Payment System?, Aaron Klein, Senior Fellow at the Brookings Institution, will delve into his latest research on the multiple roles of central banks and payment systems and whether they are in conflict with each other. This presentation will be followed by a fireside chat with Gunveer Singh, Chief General Manager at Reserve Bank of India (RBI) for a view from a Central Bank.

Swift Institute Student Challenge

Now in its eighth year, the Swift Institute Student Challenge presents financial solutions from the next generation of industry innovators. The competition will feature three teams of undergraduate students from the Toronto area, including two from the University of Toronto and one from the University of York. This year’s challenge will explore how banks can leverage AI & machine learning to improve their customer experience.

The finalist teams will have the opportunity to present their ideas to industry leaders from Payments Canada, Royal Bank of Canada, Scotiabank and Swift during Sibos 2023, where they will be judged on their innovativeness, feasibility and style. With a cash prize of $5,000 CAD, it is all to play for.

The teams this year are:

Team FinTorch – University of Toronto (Rotman Commerce and School of Engineering)

  • Haocheng Li
  • Yukang (Jonathan) Wen
  • Yang Xiang
  • Guang (Bella) Yang

Team AI with EA – York University (Toronto)

  • Harnoor Singh

Team TruTransfer – University of Toronto (Rotman Commerce)

  • Darion Driedger
  • Aditi Sohoni
  • Adrian Tsang

The live final will also feature a special presentation from the winners of the inaugural UAE Student Challenge, done in partnership with ADGMA Research Centre and sponsored by Mubadala Investment Company. The team represented by Nirvana Amjad and Abdullah Ahmed from New York University Abu Dhabi will present on How the UAE can achieve its goals to reach Net Zero.

It promises to be a Student Challenge that will inspire and challenge, so make sure to join us at 10:30 on Thursday to hear from the leaders of tomorrow.

Register now to join us in Toronto from 18-21 September 2023. Stay up to date with the Sibos Insider newsletter  Watch SibosTV during Sibos week to meet the winners of the Student Challenge and the winners of the UAE Student Challenge!


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