Feedback after Universwiftnet 2018 #KYC

by Alaina Roussel

Universwiftnet Blockchain Workshop

A new edition of Universwiftnet (Palais Brongniart, Paris) was held on Tuesday 13 March 2018 and focused on payments, Know Your Customer (KYC) policy, cyber security and cash management.

Aiming to bring together corporate treasurers, software publishers, payment service providers (Fintech), SWIFT speakers and banks, Universwiftnet also made it possible to address various subjects during workshops. Dedicated to blockchains and cryptomonnaies related to the corporate treasury business (seeIn addition to Imad Ben Mariem’s contribution below), open banking (banking APIs and the DSP2 directive aimed at speeding up payments) and payment security, these provided a global overview of tomorrow’s cash flow and the work in progress.

DataLog Finance has chosen the theme of blockchain technologies to make neophyte treasurers aware of the potential contributions of these new technologies. Indeed, both in terms of speed and security as well as costs, the benefits derived from blockchains could be great for all parties concerned by a payment, directly or indirectly, competition being forced to react to these progress, in particular SWIFT with its GPI solution, which greatly reduces the transaction times (especially cross-border) most often linked to banking communication.
In this context, DataLog Finance makes a point of updating its solutions and keeping its customers informed of developments that are beneficial to them.

In particular, the following were addressed during this workshop:

  • the Ripple and Stellar Lumens crypto currencies: presentation of possible added values for companies cash flow
  • Bitcoin: analysis and focus on its volatility, its raison d’être and its technological limits
  • Ethereum: its philosophy and what makes it different from Bitcoin, notably its ability to manage smart contracts and their different applications.
  • compliance of the different types of blockchain (public, private, consortium) with AML/LAB regulations.Following the workshop, Imad Ben Mariem answered questions during an interview summarizing his intervention: