🌟 A note from the Editor
Another Sibos in the books!
After months of planning, the TTP team descended on Miami Beach last week for four coffee-fueled days of conversations, meetings, panels, filming, recording, and trying to keep up with everything happening across the 500,000 square feet of the conference floor. TTP Studios was on location throughout the week, cameras rolling as we caught up with familiar faces and plenty of new ones from across trade, treasury, and payments. There’s a lot of footage to work through, so expect to see much more from Miami over the coming weeks. We also hosted our pool party (though, Miami’s weather turned it into a pool-less party), and officially crossed the 10k milestone, which naturally called for firedancers!
Since we are still reeling from the excitement, we’ve decided to make this a Sibos edition of the newsletter, so we’ve pulled together our coverage from the week into a special digest below. From AI and payments to tokenisation, T+1 and the future of global trade standards, there was certainly no shortage of things to talk about. And this is only the start. There will be plenty more Sibos insights to come. It is also about time to start planning for next year when Sibos sets down in Singapore.
Oh and we also officially opened applications for the TTP Awards while we were in Miami. So, if you or your organisation have done something worth shouting about this year (which you probably have), now is the time to tell us about it. It’s a quick and easy application, and well worth it! The winners will be announced at what will surely be a glamorous evening ceremony in New York in February.
And apparently one busy week deserves another. Our corporate awards ceremony takes place in London on Wednesday, and TTP Studios is heading to Nairobi with the ICC and EBRD. How’s everyone else’s busy fall conference travel season going? I need a nap.
But as always, there’s plenty to read, watch, and learn. There we’re even some things happening outside of the Sibos ecochamber last week, which we’ve kept you appraised of below. Happy reading!
Until next time — 364-ish days until Singapore.
— Carter Hoffman, Deputy Editor
Country of the Week: Singapore
Did you know that Singapore, set to host Sibos in 2027, is called the “Lion City” despite never (naturally) having any lions? The name comes from the Sanskrit Singapura, after a legend in which a Sumatran prince spotted an animal he believed was a lion upon reaching the island. It was probably a different animal entirely (likely a Malayan tiger, which were common in the local jungles at the time), but the name stuck and has gone on to be attached to one of the world’s most important trading centres.
Singapore trade stats (2024):
Total exports: $331B | Total Imports: $432B |
Largest export destination: Hong Kong ($51.5B) | Largest import partner: China ($57.1B) |
Largest Export: Integrated Circuits ($73B) | Largest Import: Integrated Circuits ($81.8B) |
Slow Read
AI, payments and shiny objects open the discussions at Sibos in Miami
Sibos opened in Miami for the first time, with its largest North American attendance yet. The opening plenary covered AI agents, changing trade routes, quadrillions of dollars moving through payment systems, and the financial industry’s continuing appetite for shiny new things.
Swift chair Graeme Munro welcomed delegates to a city he described as a gateway to Latin America and the Caribbean, and an increasingly important financial and innovation hub. His final advice before getting down to business was more local: “Don’t forget your sunscreen.”
IMF first deputy managing director Dan Katz took on the implications of AI for payments, while Swift chief executive Javier PĂ©rez-Tasso sat down with Citi chair and chief executive Jane Fraser for a conversation that ranged from global trade and corporate liquidity to tokenisation, interoperability, and AI.
Fraser came with some news. Citi is expanding its work with Coinbase, including a way for merchant clients to receive stablecoin payments. The announcement comes a year after Fraser warned investors of an “overfocus” on stablecoins and argued that tokenised deposits could solve many of the same problems.
She has not changed her mind about tokenised deposits. Citi has added the UAE and Japan to Citi Token Services, extending a network that allows clients to move tokenised deposits around the clock.
When PĂ©rez-Tasso asked what corporate clients now wanted from their banks, Fraser warned against starting with the technology.
“There are a lot of shiny objects that are being built around in this space at the moment, and there’s a lot of hammers in search of a nail,” she said.
For Citi, she said, the starting point is what clients need: payments that are always on, fast, secure, and efficient, without forcing the customer to worry about what is happening underneath.
“Our clients want this to be as uncomplicated for them as possible,” Fraser said.
That means connecting rather than choosing between what already exists and what is being built. Fraser said traditional payment systems, tokenised deposits, and digital assets all need to work together.
“Alone is the problem,” she said. Pérez-Tasso agreed. For the Swift community, he said, interoperability means taking the best of every jurisdiction and technology without forcing the industry onto a single platform.
Read More
Artificial intelligence is moving beyond document extraction to reshape how trade banks interpret, assess, and govern entire transactions. The AI Native Trade Bank explores the transition from rules based automation to cognitive decisioning, showing how banks can combine structured data, external intelligence, and human judgement to improve trade finance operations at scale.
Drawing on production deployments across Tier 1 banks in the United States, the United Kingdom, and the UAE, the publication examines agent orchestration, unified transaction records, governance, and compliance by design. It argues that trust in AI is created not by the model alone, but by the architecture, evidence, and auditability that surround every decision.
Sibos digest
Trade, Treasury, payment and global banking digest
Topic of the week
Follow us on LinkedIn for the latest updates!
Trade Treasury Payments (TTP) has officially hit 10k on LinkedIn, and we couldn't have done it without this incredible community of trade, treasury, and payments practitioners.
What started as a platform for independent intelligence across trade, treasury, and payments has grown into a global community of professionals, experts, and leaders shaping the future of financial services.
From breaking industry developments and original reporting to events, interviews and in-depth analysis, our focus remains the same: bringing meaningful perspectives to the people working across the financial ecosystem.
A huge thank you to everyone who reads, shares, contributes, and engages with Trade Treasury Payments.
10,000 is a big milestone, but the conversations ahead are what matter next. Onward!
Deepesh Patel Joy Macknight Eleanor Hill Carter Hoffman Ben Fitch Devanshee Dave Tim Staheli James Dorman Rochelle Agustin Richard A. Niño Avisado Rin L. Enjel Gabrielle De Guzman Gerald Escalo Zeeshan Khawaja
https://www.linkedin.com/feed/update/urn:li:activity:7511091147344367616
Sibos 2026: Finastra launches AI-powered Repair Recommendations for payment operations
🔸 Finastra announced the launch of Repair Recommendations at Sibos 2026 in Miami, an AI-powered capability within AI OperatorAssist designed to help banks resolve payment processing issues more efficiently. The feature aims to reduce the time and effort required by payment operations teams to manage and resolve payment exceptions, addressing issues that cost the industry billions annually.
Sibos 2026: Mizuho Bank and IFC - International Finance Corporation launch US$1 billion supply chain finance facility for Asia-Pacific
🔸 Mizuho Bank and the International Finance Corporation announced a US$1 billion risk-sharing facility to expand access to supply chain finance for suppliers and distributors in Asia-Pacific markets.
Mizuho Bank and the International Finance Corporation announced a US$1 billion risk-sharing facility to expand access to supply chain finance for suppliers and distributors in Asia-Pacific markets.
Sibos 2026: KB Kookmin Bank ęµëŻĽěť€í–‰ and BNY sign MOU for cross-border digital asset payment services
🔸 KB Kookmin Bank signed a Strategic MOU with BNY on 28th March at SIBOS 2026 in Miami to explore cross-border financial services leveraging digital payments and digital assets. The agreement aims to jointly review the introduction of new digital payment methods and their integration with existing payment channels, though specific service launch timelines and target customer segments have not yet been finalised.
Sibos 2026: HSBC launches HSBCnio digital banking solution for corporate and institutional clients
🔸 HSBC announced the launch of HSBCnio, a digital solution designed to simplify banking for corporate and institutional clients by integrating services, data and intelligence into their existing platforms and workflows. The platform offers multiple engagement channels, including web and mobile apps, direct system connectivity through APIs, and AI-enabled tools for accessing banking information.
Sibos 2026: Oracle integrates with Swift's blockchain ledger to enable tokenised deposit payment flows
🔸 Oracle is integrating with Swift's blockchain ledger to enable financial institutions to participate in payment flows and use their own tokenised deposit infrastructures across institutions. The integration allows institutions to extend existing payment services with interoperable tokenised deposits and manage traditional and digital asset payment flows through a unified operating model.
🔎 Want to stay informed about the latest developments in trade, treasury and payments? Visit our website for more news, insights and industry updates.
https://www.linkedin.com/feed/update/urn:li:activity:7511090735119716353
đź“° Here is the latest update you might have missed!
HSBC and Conferma expand virtual card partnership to supplier payments in Asia
🔸 HSBC and Conferma have extended their virtual card partnership into supplier payments across Hong Kong, Singapore, and Malaysia, expanding beyond their initial focus on corporate travel payments. Businesses in these markets can now use HSBC Virtual Cards within enterprise resource planning, procurement, and accounts payable systems, enabling payments within existing finance workflows.
World Trade Organization report finds trade reform could boost global GDP by 3%, inaction may cost 10%
🔸 The World Trade Report 2026, issued on 15th September, finds that a strengthened multilateral trading system could increase global GDP by roughly 3% or $3 trillion by 2050. Inaction to modernise the trading system could reduce global output by up to 10%, with the report examining what the multilateral trading system has delivered over 80 years and current challenges.
Vietnam Finance Minister holds meetings with major US corporations during official visit
🔸 Vietnam's Minister of Finance Ngo Van Tuan held working sessions with major corporations and financial institutions during his trip to the United States from 20th to 25th September. The visit coincided with General Secretary and President To Lam's attendance at the 81st UN General Assembly and state visit to Canada.
Brussels pressures Britain to align with tougher EU trade approach toward China
🔸 Brussels has warned British Prime Minister Andy Burnham that Britain needs to raise tariffs on Chinese cars and align more closely with EU trade policy to avoid "made in Europe" barriers on key exports. The EU suggested that the best solution would be for Britain to join the EU customs union, reflecting Brussels' attempt to gather support for its China trade agenda.
Bank of America launches Payments Insights for treasury analytics
🔸 Bank of America announced the launch of Payments Insights, a new CashPro capability providing corporate and commercial clients with intelligence on payment efficiency, cross-border flows and working-capital performance. The capability is part of CashPro Data Intelligence, the bank's AI-powered suite of treasury insights and analytics tools.
🔎 Want to stay informed about the latest developments in trade, treasury and payments? Visit our website for more news, insights and industry updates.
https://www.linkedin.com/feed/update/urn:li:activity:7510712773668921345
From the studio
🗓️ Upcoming events
| TTP Corporate Excellence Awards 2026 for trade, treasury & payments |
2026 Annual meetings of the International Monetary Fund and World Bank Group | Date: 15-16 October 2026 Location: Warsaw, Poland Apply here
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🚀 Our latest publication
Issue 06 of Trade Treasury Payments explores what happens when established financial systems meet the demands of a changing industry. From institutional memory and the transfer of knowledge between generations to stablecoins, cross border payments, artificial intelligence and the move towards electronic trade documents, this edition looks at how finance is adapting while building on the systems that came before.
The issue examines the changing role of technology in finance, including the growing importance of AI, the evolution of payment infrastructure and the race to meet Swift’s ISO 20022 address deadline. It also looks at warehouse financing, letters of credit, trade credit insurance, supply chain finance and local currency financing, alongside developments across markets and regions around the world.
At the heart of Issue 06 is the idea of being rewired rather than rebuilt. As the foreword puts it, the systems that support trade and finance have lasted because they have adapted over time. The challenge now is to modernise them without losing the knowledge, judgement and experience that made them work in the first place.
https://tradetreasurypayments.com/publications/issue-06-rewired
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