Adam Robertson

(WASHINGTON) – It is with great excitement that BAFT (Bankers Association for Finance and Trade) formally announces its independence as a separate association from the American Bankers Association (ABA).

BAFT supports extending T2 operating hours in a measured, opt-in, and phased manner to enhance liquidity management, support instant and cross-border payments, and keep traditional payment rails competitive with new technologies. However, it emphasizes that full 24/7/365 operations would impose major costs, risks, and system changes, and should only proceed with clear demand, industry alignment, and long notice periods. BAFT urges careful consideration of operational resilience, liquidity sourcing, cybersecurity, and coordination with T2S, recommending feasibility studies, staggered implementation, and safeguards like circuit breakers and central liquidity bridges.

BAFT submitted a comment letter to urge regulators to expand collaboration across banks, fintechs, telecom, social media, and law enforcement — both domestically and internationally — to effectively combat payments fraud. The association calls for real-time data sharing, clearer liability standards, and safe harbor protections so banks can pause suspicious transactions without fear of penalty. It also recommends updated regulations, industry-wide fraud standards, and consumer/business education campaigns to strengthen prevention, detection, and mitigation efforts.

Posted on September 29, 2025 by philiplowe Posted in Uncategorized CAST & CREATIVE TEAMS ANNOUNCED!

The 2026 BAFT International Trade and Payments Conference, held February 3-5 in Jersey City, USA, brought together industry professionals and thought leaders from all corners of these interconnected domains to share ideas and network across the river from the city that never sleeps.

At the 2026 BAFT Europe Forum, held March 3-5 in London, bankers, technologists, and policymakers came together to discuss the trends shaping transaction banking in Europe and beyond. Over two days, sessions covered everything from geopolitics and European competitiveness to cross-border payments and the future of foreign exchange.

Another year, another Global Annual Meeting, this time bringing the industry's bankers, corporates, fintechs, market infrastructures, and technology providers together in sunny Orlando, USA.