Equatorial Guinea National Bank takes part in SIBOS 2018

From 22nd to 25th October, in Sidney, the capital of Australia, a series of activities and conferences related to the international banking and financial sector is taking place. The Equatorial Guinea National Bank (BANGE) is attending this fortieth SIBOS event with a senior delegation led by the Deputy Director General, Pedro Abeso Obiang Eyang.

With the aim of setting up and consolidating relations with international financial institutions, BANGE is attending this important annual event of conferences and exhibitions organised by Society for Worldwide Interbank Financial Telecommunication (SWIFT) for the financial industry for the second time running.

From 22nd to 25th October, BANGE will be present during the activities that are taking place at the Sydney International Conventions Centre (ICC). Under the banner “Enabling the digital economy”, the SIBOS 2018 conference will deal with four main areas, which will be covered during the week of the event.

These topics will cover Artificial Intelligence and Robotics, which is boosting innovation in services and the redefining of business models; the New Paradigms and Technologies for sharing information in the fight against financial crimes; Facing the Growing Challenge of Cybersecurity in the Digital Economy; and Adapting to the Evolution of Geopolitical and Regulatory Priorities.

It is the third time that SIBOS is being held in Sydney, following the successful events held in 1997 and 2006. According to the organisation, the city of Sydney combines energy, innovation and infrastructure to provide the ideal location.

As companies and consumers throughout the world migrate to the digital economy, banks and financial service providers are on their own journeys of transformation, re-evaluating and reinventing their business models, services offered, and relationships with third parties.

Many banks are already designing strategies that reflect these changes, and are developing, among other actions, new associations with clients and other service providers that take advantage of the new technologies in order to provide new services. At the same time, the spirit of collaboration in the digital economy can be seen in the way in which banks are taking advantage of industry platforms and infrastructures in order to face common challenges and develop fresh proposals for clients.

Based on this perspective, BABGE , which began its association with SIBOS in 2017, has this time attended with a senior delegation made up of members such as the director of Organisation, Projects and Quality, Salvador Santiago Ebang Nguidang; the director of International Relations, Nuria Mandje de Castro; the director of Marketing, Communication and Corporate Social Responsibility, Maria Carmen Nchama Nvo Nfono, and the representative of the BANGE office in Madrid, Julio Cesar Micha Nfono, among other figures.

SIBOS began as a seminar on banking operations in 1978, and has become the main business forum for the global financial community to debate and collaborate on areas such as payments, shares, cash management and trade.

Source: Equatorial Guinea Press and Information Office

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