SWIFT India and Subcontinents Regional Conference 2017

Evolving into a cashless economy through innovation and digitisation

India has grown to be one of the world’s fastest-growing major economies, driven mainly by its long-term growth prospective, young population, and increasing integration into the global economy. By 2025, it is estimated to have the world’s largest population of young people, with more than 10 million young Indians entering the workforce each year.

Unprecedented growth in connectivity has been accelerating India’s transition to a knowledge economy.  Digitisation, which harnesses the power of connecting people, data and things, continue to transform our industries and change the way we work.  Against the backdrop of these technological disruptions, the world must evolve to stay relevant and adapt its economy to global trends.  SWIFT will explore the current payments system in India and its sub-region, and how the community can leverage on SWIFT to improve cross-border payments with greater speed, transparency, and end-to-end tracking. 

Digital payments offer a strong support to ongoing efforts in helping the country leapfrog the cash generation to digital payment solutions, which is a significant step in propelling India to emerge as a truly cashless economy.

 

We will also deep-dive into how digitisation has impacted the world of trade finance, its development and significance in the SAARC region, as well as the growing importance of one of the industry’s most defining issue of cybersecurity, and how the importance of having a set of harmonised standards could support the growth of the region’s securities business.

The SWIFT India and Subcontinents Regional Conference 2017 will gather the local community representing financial institutions, market infrastructures, regulators, multinational corporations, and other industry experts to discuss the key issues facing the nation’s financial market development, with a specific focus on innovation and digitisation.

 

We are confident that this Regional Conference will offer our community an invaluable opportunity to share and collaborate on our ideas in fostering a more vibrant financial community in India and its subcontinents.

Alain Raes
Chief Executive, Asia Pacific & EMEA
SWIFT

AGENDA

8:30 – 9:00 am

Registration and Morning Reception

9:00 – 9:05 am

 

Welcome Note            

Kiran Shetty, Chief Executive Officer and Sub-Regional Head, SWIFT

 

Master of Ceremony

Richa Mukherjee, Director, Public Affairs and Communications, SWIFT India   

9:05 – 10:15 am

Evolving into a Cashless Economy through Innovation and Digitisation

 

Inaugural address

M.V.Nair, Chairman of Board of Directors, SWIFT India

Alain Raes, Chief Executive, APAC & EMEA, SWIFT

 

Key note address

Dr Gulshan Rai, National Cyber Security Coordinator, Prime Minister Office, India

 

Special Address

Rajiv Rishi, Chairman, Central Bank of India & Indian Banks Association

10:15-10:30 am

Report Launch and Theme Presentation

 

Saurabh Tripathi, Senior Partner & Managing Director, Boston Consulting Group

10:30 – 11:30 am

Complete Automation and Digitisation of Trade Finance

 

Trade finance is of strategic importance to economy, banks and government and is crucial link to the economy. From the bank’s perspective, digitally enabled trade finance can unlock much more profit pool from this evergreen business. Even as government has given a huge impetus to digital and digitisation, trade finance has not made massive strides in digitisation.  As India looks to improve ease of doing business, and as banks look for the next wave of productivity enhancement, time has come for India to consider a digital trade platform. This session will be focussing on digitisation of trade finance: imperative, implications, and the way forward for banks and the government.

 

Moderator:

Saurabh Tripathi, Senior Partner & Managing Director, Boston Consulting Group

 

Speakers:

Tiwari Arun, Chief Managing Director, Union Bank of India

V G Kannan, Chief- Executive, Indian Banks Association

Anis Khan, Managing Director and Chief Executive Officer, Mutual Trust bank, Bangladesh

Rajnish Kumar, MD, State Bank of India

Varadarajan Srinivasan, Deputy Managing Director, Axis Bank

Rishikesh Tinaikar, Director, Payments Markets, Asia Pacific, SWIFT

 

11:30 – 11:50 am

Coffee Break

11:50 am – 12:50 pm

 

 

Innovations in Cybersecurity

 

BFSI sector in India is at the cusp of digitisation. Banks in India have been in race to digitise internal processes and offer new digital propositions to the customers. Banks have also forayed into uncharted territories such as blockchain and bitcoin. However more digital assets and new technologies means greater complexity for the banks IT systems and greater the demand from cybersecurity framework for banks. The cyberattacks on the financial institutions’ environments serve as a wake-up call to industry to be more vigilant and proactive in adopting advanced cybersecurity framework. The Reserve Bank of India did also put out a notification titled “Cyber Security Framework in Banks” that specified several guidelines and best practices and imposed a reporting obligation on the banks. This session will focus on sharing technology-related insights for innovations in cyber security and cyber technology solutions for supporting emerging digital business requirements.

 

Moderator:

Saqib Sheikh, Head of Services, Asia Pacific, SWIFT 

 

Speakers:

Shitangshu Kr. Sur Chowdhury, Honourable Deputy Governor, Bangladesh Bank

Mruyuntajay Mohapotra, DMD & Chief Information Officer, State Bank of India 

Nand Kumar Sarvade, CEO-IT, Reserve Bank of India

Jitesh Shah, Principal, Boston Consulting Group

 

12:50 – 2:00 pm

Networking Luncheon

2:00 – 3:00 pm

SAARC Payments Council

 

This session will focus on intra-operability of the payments systems of the SAARC region countries (Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka) and move towards the efficient payment system mechanism and effective exchange and cooperation.

 

Moderator:

Michael Moon, Head of Payments Markets, Asia Pacific, SWIFT

 

Speakers:

Anil Amarasuriya, Chairman, Lanka Clear

Shitangshu Kumar Sur Chowdhury, Honourable Deputy Governor, Bangladesh Bank

Ruchin Goyal, Partner & Director, Boston Consulting Group

Rajan Singh Bhandari, Chairman, Nepal Clearing House Limited

Mohan Tanksale, Ex-Chief Executive, IBA & Strategic Consultant, SWIFT India

 

3:00 – 4:00 pm

Digitisation and Demonetisation:  Path-breaking Reforms

 

8th Nov 2016 will go down in history as Indian government announced unprecedented demonetization of 500 and 1000 notes. Coupled with GST, DeMo can have far reaching implication on the Indian economy. DeMo reform has triggered a chain of disruptions in the industry. While Demo has muted impact on select sectors, it will have several short term and long term implications on industry and economy. Government followed up DeMo with a strong set of initiatives to promote digital including restricting cash and incentivising digital transactions. UPI payments witnessed 300% increase and bank transactions increased witnessed over 40% growth.  In similar period, India stack witnessed coming of age. Aadhar based eKYC and eSign have gained traction. Reliance Jio acquired 100mn customers using Aadhar KYC.  This session will focus on the imperatives of the recent demonetisation scheme by government, and its long term and short term impact on the economy.

 

 

Moderator:

Prateek Roongta, Partner, Financial Services, Boston Consulting Group

 

Speakers:

Zarine Daruwala, CEO, Standard Chartered Bank (tbc)

A.P. Hota, MD & CEO, National Payments Corporations of India

Shinjini Kumar, CEO, PAYTM

 

4:00 – 4:20  pm

Networking Coffee

4:20 – 5:20 pm

Latest Developments on India’s Securities Market Infrastructure

 

With evolving market trends, increasing cost and challenges towards automation, how standardisation has a profound effect on the way securities market infrastructure and its participant conducts business today. How common industry standards like ISO 20022 can help Indian securities market infrastructure and its participants enabling operational efficiency.

 

Moderator:

Philippe Dirckx , Managing Director, Head of Markets and Initiatives, Asia Pacific, SWIFT

 

Speakers:

G. Pradeep Kumar, CEO, Union KBC Mutual Fund & Vice Chairman, AMFI

Aashish K. Mishra, MD & Head, Securities Services, Citi Bank

Shilpa Kumar, CEO, ICICI Securities

Ashish Kumar Chauhan, MD & CEO, Bombay Stock Exchange (tbc)

 

 

5:20 pm  

Closing Remarks

Kiran Shetty, Regional Head, India & Sub- Continent, SWIFT

5:20 – 7:00 pm

Cocktail Reception and Networking

 

Celebrating 25 years of SWIFT Journey in India