Brussels, 25 June 2015 - Recent Swift data shows that the growth in RMB payments is supported by an increasing number of banks. In May 2015, 1,081 financial institutions used the RMB for payments with China and Hong Kong, representing 35% of all institutions exchanging payments with the latter across all currencies. This is a 22% increase in the number of institutions using the RMB and a 6% increase in adoption, up from 29% two years ago.

Watch this series examining top tips from leading innovators in the financial industry on how to make innovation a success. This week: Interview with Eiichi Kashiwagi, Bank of Tokyo-Mitsubishi UFJ.

Serving low-risk clients in high-risk markets is made harder by financial crime compliance obligations, but not impossible

Brussels, 10 February 2015 – Swift announces that it is making its global reference data platform available for national reference data collection and maintenance services, building on the foundations of its successful payments reference data platform, SwiftRef.

The report, focusing on RMB adoption and its impact on global trade, was released 23 October at Sibos 2018 "China Night".

Enhancements will address a number of challenges faced by the community.

Swift publishes a special edition of RMB Tracker for Sibos.

Swift’s RMB Tracker shows that the RMB is now the most active currency used by Asia for payments with China and Hong Kong.

Correspondent banking is dead. Long live correspondent banking.

As part of Swift’s new five year strategy, Innotribe will evolve its Startup Challenge to support emerging FinTech ecosystems and launch a new initiative to help resolve common industry challenges with collaborative solutions.