With regulators around the world demanding greater interoperability among financial institutions as they move more towards an open banking model, a newly formed API standards alliance hopes to play a key role in unlocking further potential of API technology. 

Part of Swift’s mandate is to debate issues of mutual interest – so where we can, we will help to accelerate, collate or disseminate analysis that helps our members deploy innovation successfully. We also use our experience and analysis to help our Community to consider the practical implications of new business models, taking into account key factors such as evolving business demands, security, and compliance requirements.

Technology and collaboration are key for banks facing a zero tolerance policy on financial crime compliance, delegates were told at Swift's 2014 London Business Forum. Steve Allen, head of global payments at Barclays, said accuracy of data must be the banks' number one priority across know-your-customer (KYC), anti-money laundering (AML) and sanctions compliance.

New paper recaps Counter Terrorist Financing discussion from Sibos

Swift CEO Lázaro Campos told EU Parliamentarians today, "whatever the outcome of the current discussions about the use of data for counter-terrorism purposes, what we must not jeopardize are the protections which exist today for citizens' data, the certainty of the legal framework within which companies operate and the commercial level playing field." Mr Campos was also keen to emphasise that the debate is not about Swift, but about how Europe plans to cooperate with the US for counter…

Seven leading banks are now live with Swift Go, our new service enabling small businesses and consumers to send fast, predictable, cost-effective and secure low-value cross-border payments directly from their bank accounts. The service is another key building block in our strategy to enable instant and frictionless transactions.

New paper discusses challenges to ASEAN regions financial integration efforts and recommends steps to address these

Brussels, 6 March 2013 - The key findings of a new report from Celent, produced in conjunction with Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, show some "major discrepancies" among market participants when it comes to their readiness for T2S.

Swift CIO Mike Fish believes that Swift's critical importance to the global financial infrastructure is no bar to mastering the latest technologies.

Customer interactions are a key part of why we have gone from strength to strength. This guidance has allowed us to create a platform which really does answer the needs of the community. A big part of making sure it all works are our Quarterly Updates. These give insights into what has been delivered and also set the bar for where we are headed. This quarter's well-attended session deep-dived into our next major milestone: MyStandards V2.0.