Report of event
The SWIFT Business Forum Frankfurt on 22 April brought together 170 delegates to explore the theme, "Regulation versus innovation - conflicting priorities in the German banking industry". In his welcome, Jürgen Marstatt, Head of SWIFT Germany, emphasised the powerful combination of the Business Forum with the German AGM, in which members were invited to use their voice in shaping SWIFT's future strategy and activities.
In his opening remarks the host of the conference, Stephan Müller, Chair NMG Germany and CIO, Commerzbank, outlined current developments in the global economic environment.
On SWIFT's 2015 strategy, Müller said the goals set in 2010 had been achieved, and the focus on new compliance services to address KYC and sanctions challenges had hit the mark. The new focus on real-time payments is expected to have the same impact within the 2020 strategy, which will extend the basic pillars of the previous strategy, such as extending the core, and in addition is to concentrate on market infrastructures and compliance. He closed his presentation with some interesting figures. In 2014 Germany ranked third amongst the top 20 countries worldwide in FIN traffic received and fourth in FIN traffic sent. In terms of FileAct traffic, Germany was by far the global leader in 2014 with more than 7.500 million messages sent from a total of over 17.300 million within the top 20 countries.