Sibos is one of the largest events that connects thousands of executives, decision makers, technology providers, and thought leaders from across the industry
Dubai will host the Sibos 2029, the annual conference, exhibition and networking event organised by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), according to UAE Banks Federation (UBF).
Sibos conference and exhibition is one of the most important and largest events that connects thousands of executives, decision makers, technology providers, and thought leaders from across the industry to share experiences and views. SWIFT enables more than 11,000 financial institutions and corporations in more than 200 countries and territories to connect and exchange financial information securely and reliably, enhancing trade and financial transactions.
The UAE was the first country in the Middle East and Africa to be selected by the global financial and banking sector to host Sibos in 2013. The UAE is the only country in the Middle East and Africa that has been ever chosen to host Sibos conference and exhibition since its establishment in 1978.
This high-level event was held in several international financial centres such as Singapore, Geneva, Toronto, London, Amsterdam, and Beijing.
The selection of the UAE to host Sibos 2029 reflects efforts made by UBF in cooperation with Dubai International Financial Centre, Dubai World Trade Centre, and Dubai Department of Economy and Tourism, and the support of the Central Bank of the UAE.
“The selection of Dubai to host Sibos 2029 is a testament to UAE’s prominent position as a regional and global financial and banking centre,” said Abdulaziz Al-Ghurair, chairman of UBF.
“This selection also reflects international financial and banking industry’s appreciation for UAE’s efforts and innovative initiatives in developing and simplifying payments, adopting digital transformation to meet the needs of the banking and financial sector, and developing secure and efficient systems in line with the proactive policies of Central Bank of UAE, which places the security and efficiency of bank transfers as a top priority,” he added.
Jamal Saleh, director-general of UBF and chairman of SWIFT User Group Steering Committee in the UAE, said Sibos 2029 is the most important international event in the field of payments, which is a fundamental pillar of socio-economic development.
“Central Bank of the UAE’s initiatives in payments meet the requirements of various stakeholders and help achieve the objectives of the National Payment Systems Strategy, launched in 2019 to develop innovative payment solutions and enhance customer experience. It is enhancing the UAE’s position in technological development, innovation, and security in the banking and financial sector,” he added.
Marianne Demarchi, chief executive, Swift EMEA, said: “Sibos brings the industry together on an unmatched scale, and we’re delighted to be bringing the conference back to Dubai in 2029. The Emirate is a truly global financial hub in a geographically strategic location, and will be a fitting setting for the vibrant dialogue and debates that Sibos is famous for facilitating each year.”
