8.6 C
New York
Sunday, June 16, 2024
Home Conferences SWIFT cancels Sibos 2020 in Boston due to COVID-19

SWIFT cancels Sibos 2020 in Boston due to COVID-19

SWIFT has made the decision to cancel the fintech conference Sibos 2020 in Boston due to the coronavirus pandemic.

The idea is to replace the October event with a virtual alternative.

Sibos is one of the largest conferences in financial services, this event hosted by the payments network provider has been running for over 40 years. The location of the event moves throughout the world with each passing year.

This year it was supposed to take place 5-8 October 2020 in Boston. But SWIFT took the decision to cancel the event as the organization believed it was “the most responsible course of action given global circumstances”.

Read also: Barclays executives donate 1/3 of pay to COVID-19 charity

This fintech “expo” hosts finance professionals and brings them together from around the world. It also covers a range of banking topics including payments, securities services and technology. In 2019 SWIFT set a record for attendance with around 11,500 delegates in attendance.

“We reached this decision after extensive consultation with the community and in the interest, first and foremost, of protecting the safety and wellbeing of our customers, partners and staff,” SWIFT said in a statement.

“This is not a decision we take lightly, but one we believe is the most responsible course of action given global circumstances.”

The 2021 physical Sibos will therefore now be in Singapore from 11-14 October.

This event has been going smoothly for almost all 30 years of its existence.

Money20/20 has pushed back its Europe conference in Amsterdam to September.

Sources: https://www.globalcustodian.com/swift-cancels-sibos-2020-boston-eyes-virtual-alternatives/https://www.finextra.com/newsarticle/35624/covid-19-swift-cancels-sibos

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.