Sibos 2026:Live reporting from TTP at Miami
Deepesh Patel
Editor in Chief, Trade Treasury Payments
Published 27 Sept 2026
Live Updates
It’s a wrap, at the BAFT Global Councils Forum 2026, at Sibos, Miami.🇺🇸
Here were the eight key themes in trade and payments coming out of the day:
- Multi-rail strategy is now essential. Banks are routing transactions across cards, ACH, wires, real-time payments and cross-border rails based on speed, cost and certainty rather than relying on one single channel, which is also backed up by data from the Federal Reserve Payments Study (FRPS).
- Interoperability topped audience polls, on what will most shape correspondent banking over the next several years, ahead of AI or creating new payment rails on.
- No single technology reshapes transaction banking in isolation. Panellists argued that AI, real-time rails, stablecoins and digital assets only produce meaningful change when combined, an effect one speaker called a “multiplier.”
- Legacy infrastructure and tech debt were repeatedly flagged as the biggest constraint on delivering the client experience now expected.
- Data and standards fragmentation across jurisdictions is a persistent operational burden. Differing requirements for beneficiary addresses, tax IDs and structured data force banks and clients to rebuild data sets for every clearing scheme.
- People and trust were named as the top investment priority by several panellists when asked what they’d invest in given unconstrained resources, over pure technology spend, arguing clients choose institutions based on the teams guiding them through change.
- Only 40% of banks in the network can currently comply with structured addressing requirements, cited as evidence that technical readiness lags strategic ambition. (TTP reported on this recently, launched in Issue 06: Rewired: https://tradetreasurypayments.com/articles/return-to-sender-outcome-unknown-inside-the-race-to-meet-swift-s-iso-20022-address-deadline)
- Client expectations are consumerising wholesale and correspondent banking, with corporate treasurers now expecting the same 24/7 transparency and real-time payment status visibility as retail apps, a standard the panel said the industry hasn’t yet uniformly met.
Will transaction banking departments exist in banks in ten years time? Over 44% of participants said that multi-rail payment orchestration and programming money is the single biggest gap between what will matter for transaction banking in 2030, and their institution’s readiness to scale it today.
It’s a full house as we close up at the BAFT Global Councils Forum 2026, with a transaction banking leaders roundtable, moderated by Michelle Gauchat, Deloitte.
Panelists Themba Rikhotso, ABSA, Lisa Vasic, ANZ and Chad Wallace, Scotiabank, discussed how AI, real-time rails and digital assets are converging to reshape transaction banking by 2030, and debated whether technology or talent is the bigger lever for institutional readiness. Notably, several panelists argued that investing in people and trust, not just infrastructure, will be what separates banks that scale successfully from those left behind.
Trade Treasury Payments are delighted to be media partners at the conference, as we gear up to a week reporting on the latest developments in trade, payments and transaction banking at Sibos Miami.
Multi-rail strategy meets US expansion
As TTP proudly media partners the BAFT Global Councils Forum at Sibos Miami, one session we’re watching closely: “Expanding into the US: Building a Diverse Payments Toolkit for Resilience, Reach, and Client Choice.”
As Latin American banks grow their US footprint, client expectations for payments are converging on being fast, transparent, cost-effective, and always-on.
But delivering that across ACH, real-time rails, wires, and cross-border options means navigating real operational complexity and knowing how to route each payment on speed, cost, and certainty.
Moderated by Marco Dunn (JP Morgan), with panelists Ray Chalub (Banco Inter), Mario Fujii (BB Americas Bank), and Marc Pettican (Mastercard), this session digs into what a genuine multi-rail strategy looks like in practice.
Where’s the biggest influence or impact on correspondent banking in the next 3 – 5 years?
Interoperability, over clearing channels, stablecoins and compliance economics, was voted the number one challenge, hindering access to correspondent banking ecosystems in the near future.
In a panel at BAFT’s Global Councils Forum 2026, moderated by Dyanne Carenza, Board Member and Strategic Advisor, panelists discussed the need to retrofit and rethink the end to end flow of information, data and transactions through banks
On the panel, Sandeep Gupta, Visa Direct, Sebastien Kucharek, Citi and Ainsley Ward, CGI, discussed the challenges behind increasingly fragmented information across banks, partner platforms.
TTP are delighted to be media partners, reporting at BAFT’s Global Councils Forum, held on the sidelines of Sibos 2026, in Miami.
Deepesh Patel | Joy Macknight
And we have lift off!
The TTP team have landed in Miami, at the BAFT Global Councils Forum 2026, ahead of Sibos 2026. As proud media partners, TTP will be reporting throughout the week.
If you’re here today, don’t forget to collect your copy of Rewired, hot of the press.
On the ground at Sibos: Deepesh Patel, Joy Macknight, Eleanor Hill, Carter Hoffman, Ben Fitch
Live updates throughout Sibos 2026.
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