Recent trends in the financial community have produced the growing use of application programming interfaces (APIs) and the adoption of the ISO 20022 have opened up new possibilities for facilitating payment systems. But what are the different approach to enhance cross-border payments that will improve existing correspondent banking arrangements?

In this session, key stakeholders in the banking and financial sector will discuss the framework of the cross-border payments ecosystem in the Kingdom of Saudi Arabia that exists today, explore new ways to address the complexities of providing secure and ubiquitous cross-border payments and how this journey to new technology adoption will shape the future of the payments industry.

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Agenda

  • 09:30 Registration & Networking
  • 10:15 Welcome Address
  • 10:25 Presentation
  • 10:30 Panel discussion
    Key Discussion points include:
    • How banks improve efficiency in meeting customers’ expectations for their cross-border payments
    • Correspondent Banking Model vs Fintechs
    • To which extent the standardization of cross border payments helps to eliminate frictions
    • The role of PMIs in reducing friction in cross border payments
    • How the adoption of new technologies (APIs, DLT,..) is reshaping the present and future of the payment industry.
    • How is G20 roadmap taking forward cross border payments and leveraging ISO20022 while addressing the challenges of cost, speed, and transparency.
    • CBDC as a potential game changer in the region
  • 12:45 Lunch

* Refreshments, coffee, and tea will be served at 11am
** Participation is by invitation only and there is NO COST associated to attend this event.


REGISTRATION FORM

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