Securing Financial Connections: Reimagining Correspondent Banking in the Pacific 10 April 2025 This workshop aimed to identify and develop immediate and next-generation solutions to address the ongoing challenges of correspondent banking de-risking in the Pacific. By exploring policy, regulatory capacity, technological innovations, and funding mechanisms, the session focused on strengthening financial connectivity, regulatory alignment, and risk management strategies to ensure sustainable access to cross-border banking services. The discussion was built upon insights from the AI Technology to Mitigate Correspondent Bank De-risking roundtable, held at the Insight Forum during the GFTN Japan Forum in March. This earlier session examined the role of AI-driven regulatory risk assessment, compliance automation, and digital identity solutions in mitigating de-risking and restoring trust in correspondent banking relationships. Goal The primary goal of the workshop was to develop a strategic roadmap with clear, actionable steps for both short-term interventions and long-term solutions. This roadmap guided efforts to enhance regulatory frameworks, financial sector resilience, and technology adoption, ensuring Pacific economies remained connected to the global financial system. The roadmap and key takeaways from the session were carried forward for further discussion and action at the 5th Asia Finance Forum in September 2025 and the Insight Forum at the Singapore Fintech Festival in November 2025, ensuring sustained momentum and cross-sector engagement. Related Documents: Key Findings of the Roundtable Discussion: AI Technology to Mitigate Correspondent Banking Derisking Bankings Without Banks: How AI, IDs, and Innovation Are the Game A Banker's Story of Derisking How 'derisking' made me feel powerless The Hidden Crisis Facing Pacific MTOs Gap Analysis Report on the Implementation of Financial Action Task Force Standards on Correspondent Banking in the Pacific Program and Learning Materials 10 April 2025 Session / Activity Title Speaker(s) Remarks Welcome Remarks The document is about a workshop focused on addressing the challenges of correspondent banking de-risking in the Pacific region and exploring… Leah Gutierrez Remarks Opening Remarks The document outlines the objectives and importance of a workshop focused on addressing the challenges of correspondent banking in the Pacific,… Christine Engstrom Presentations AI Technology to Mitigate Correspondent Bank Derisking This presentation gives an overview of the role of AI technology in addressing correspondent bank derisking, emphasizing the need for regulatory… Lotte Schou-Zibell Presentations Update on the CBR Roadmap and Pacific Strengthening Correspondent Banking Relationship Project This presentation provides an update on the Correspondent Banking Relationship (CBR) Roadmap and the Pacific Strengthening CBR Project, detailing… Emosi Balenaivalu Video Knowledge-Sharing: Lightning Panels of Potential Solution Providers ADB's Trade and Supply Chain Finance Program (TSCFP) is designed to enhance trade and supply chains in Asia and the Pacific by addressing market gaps… Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Event Coordinator/s Shiu Raj Singh Related Full Agenda Speakers from the Event ADB Organizer/s Finance Sector Office Read Also ADB Data Room: Managing Financial Crime Risks | ADB Knowledge Event Repository Correspondent Banking - An Introduction Fundamentals of Customer Due Diligence Improving Finance Sector Know Your Customer Capacity in the Pacific (KSTA REG 56037) Review of FATF Recommendations Photo Gallery Topics Finance