STREAM1 Chaired by: David Blair, MD, Acarate,Singapore 2:40 SOLVINGPAYMENTSISSUESIII 11:20 AUTOMATINGKYC:APROBLEMSHARED? Cross-border payments have long been the bane of treasury: too slow, too Satisfying customers and regulators is banks’ problem du jour. Their initial response expensive and too opaque. Nimble FinTech service layers get all the hype, but the // DAY 2 to KYC/AML regulations was to beef up back offices to trawl through transaction key competition is about incumbency and the fundamentals of correspondent and client records. This approach is unsustainable: it is expensive, time consuming banking. Blockchain is the much-hyped potential solution but the key question for WEDNESDAY MAY16 and error-prone. And it stifles growth. Client onboarding, client lifecycle global financial infrastructure is whether distributed applications and permissioned, management and transaction compliance need technology solutions. Banks that distributed ledgers are fundamentally suitable for particular transaction types and are able to ease the client experience and satisfy the regulators most cost- flows. Whichattributes aretheydesignedtomaximiseandwhichdotheynothandle DIGITALTREASURY: effectivelywill winmarketshareaswellasimprovetheiroperational efficiency.This well? How do they actually work and does that mechanism provide the security and STRATEGICEDGE panel will look at how digitization and automation can speed up Customer Due scalabilty required? The most famous distributed applications and their associated Diligence and provide a consistent, repeatable, provable and auditable system of cryptoassets now use more electricity than small countries - so can they even risk based controls. What technologies and platforms offer thebestsolutions?What operateatallashigh-volumeglobal infrastructure? Harnessing the power of aboutKYCandtheblockchain? Howcantreasurershelptheirbankpartners inwhat 3:20 REFRESHMENTBREAK digital transformation is is a problem theybothshare? 4:00 CHOOSINGTHERIGHTSUPPLYCHAINSOLUTION easier said thandone.Sois 12:00 THEOLDONESARETHEBESTONES:SOLVINGTREASURYPROBLEMSI Technology is transforming supply chain finance. It has expanded SCF availability it better to get the basics Itistemptingtofocusonnoveltyandinnovation askeytreasury challenges, butask outside the initial few global trade finance banks; it makes the onboarding process sorted out rather than go treasurers and they list the same problems with which they have struggled for practical for both sides; and, most importantly, it has made it easier for nonbank, straight for the newest years: how long a payment takes for the beneficiary to be paid; the predictability of third-party investors (asset managers, private equity, hedge funds) to contribute techniques and that time; impossibility of tracking payment status; inconsistency of data their capital and risk appetites to the business, which is essential to finance technologies? requirements by different banks; poor quality of remittance data sent with programsastheygrowinsizeandcomplexity.However,technologycreatesitsown payments; costs and predictability of costs of making a payment; the time and issues, one of which is choice: there is a now a wide range of SCF, credit evaluation, difficulty of dealing with rejections, stopping payments and performing payment e-Procurement, e-Invoicing and other trade-finance related vendors all offering the repairs. So what are the existing payment providers doing to solve these long- ideal combination of easy onboarding, access to credit and flexible terms. There are standing issues? What about the banks, whose inconsistent practices compound also new platforms that enable corporates to help with the credit evaluation and the inefficiencies in the various systems? And do the new tech providers really insurance theymayneedtosetupSCFprogrammesfortheirownsuppliers.Sohow address any of the fundamentalissues? do treasurers evaluate these new products? What questions should they ask the 12:40 LUNCH sellers of Cloud and blockchain solutions?Andwhich banks aremakingthebestuse of these third-party technologyproviders? 2:00 TREASURYTAKESBACKCONTROL?SOLVINGPAYMENTSISSUESII Prabhakar Vaidyanathan, Advisor, Cierus,US Theevolutionofthepaymentsecosystem hasbecomesorapidthatfewoutsidethe VictorPausin, Director, Finance& Strategy– Treasury, race itself can fully understand it. And focusing on the innovations in B2C user The Goodyear Tire & Rubber Company,US experiences can mask the far more profound changes in the underlying plumbing of 5:20 ADJOURN TO DAY3 the payments system. PSD2, other regulatory changes, real time payments and SWIFT’s GPII are all part of a tipping point in the development of global payment infrastructure. But where does treasury fit in? The end-user payment experience is determined by third-parties, not the corporate producer of the product or service. So what role should treasury play in the new digital channels? Should in-house banks takecontrolof commercialflowsanddigitaldevelopment? Orwillcompanies outsource more and more of their interaction with customers, leaving treasury to just plug intothird-party apps? Ifso,whataretherisks? JavierOrejas, HeadofBanking,EMEA&Americas,IATA,Spain “The moderators at EuroFinance are WAY ABOVE average! They kept audience and speakers highly engaged, and effectively progressed the discussions forward, taking creative tangents along the way!” —TimHusnik,Medtronic 11