An introduction to the new world of payments with the SWIFT GPI initiative
SWIFT is the world’s leading provider of secure financial messaging services, and is well-known for its position at the heart of the global financial services industry for the processing of cross-border payments. For the past 4 years SWIFT has been leading the Global Payments Initiative or gpi, a major program to transform the way payments are processed globally. Its goal is to improve the final customer experience through quicker payments with end-to-end tracking and transparency on accompanying costs.
As a result it has seen a tremendous increase in the speed for the processing of payments, with 50% of the cross-border settlements on gpi now taking less than 30 minutes from account to account. All major banks around the world have now gone live on the initiative, extending its benefits to their corporate and retail customers.
EuroCham would like to invite you to this session to explore the impact of gpi on the world of cross-border payments, involving representatives from the banking industry and the corporate treasury world.
- Opening remarks from FSC committee chairperson, Mr. Greg Huguet
- Presentation of the SWIFT gpi program and the associated initiatives by Laetitia MONCARZ from SWIFT
- Panel discussion with the following participants:
- Laetitia MONCARZ, APAC Director for Payments Markets at SWIFT
- Chintan SHAH, APAC Head of Cash Management, Deutsche Bank
Ms Laetitia Moncarz
Director, Payments Markets, Asia Pacific
Laetitia Moncarz’s main focus is on SWIFT’s strategic payments initiatives related to Correspondent Banking, Renminbi internationalization and Intraday liquidity. In this role, Laetitia partners extensively with the banking and financial community to support the development of their cash and payments business.
Prior to join SWIFT, she was the Head of Correspondent Banking for Asia-Pacific at BNP Paribas Singapore, where she was responsible for correspondent services to the BNP Paribas Group in RMB, HKD, and INR currencies as well as services provided by correspondent banks to BNP Paribas Asian entities. Previously, Laetitia worked for Coface, an Export Credit Agency in Singapore where she was in charge of Marketing & Commercial operations.
Mr Chintan Shah
Head of Cash Products and Client Connectivity, Asia Pacific
Chintan Shah is the head of cash management and is based in Deutsche Bank’s Singapore office.
With over 16 years at the bank, Shah was most recently managing director and regional head of cash products and client connectivity for APAC, and prior to that was head of trade finance and cash management for corporates in Thailand, Malaysia and Indonesia.
This event is free of charge, but is open only to members of the European Chamber of Commerce (Singapore).
Please RSVP to Ms Michelle Kristensen at email@example.com if you would like to attend.
Please note that this committee meeting will take place as a webinar. The webinar will be conducted via a Zoom.