The new service enables real-time payment validation to reduce errors, exceptions and costs caused by wrong or missing beneficiary information, and supports our strategy for instant and frictionless transactions.

New API standard will drive uptake of innovative instant loan approval process, increasing payment and borrowing choices for consumers

Brussels, 24 July 2013 - In June, the CNY gained two places in the ranking of world payments currencies to move one step closer to the top 10. According to Swift, CNY is now ranked #11 as payments currency in June 2013, with an all-time high market share of 0.87%, overtaking the Thai Bhat (THB) and the Norwegian Krone (NOK). RMB is currently at the same level in value as the Hong Kong Dollar (HKD) was in February 2013.

We’ve made great strides towards our vision for an instant and frictionless future. To ensure the financial ecosystem continues to thrive, we’ve laid out our strategy for 2024 and beyond. Thierry Chilosi, Chief Business Officer at Swift, unpacks what it means for the Swift community and the benefits it will bring for the global economy.

Swift, in collaboration with Capgemini, is conducting new experiments to test how we can interlink domestic CBDCs and take the next step towards seamless cross-border payments involving digital currencies.

Jonathan Ehrenfeld, Securities Market Manager at Swift, has recently had a paper accepted in the Journal of Securities Operations and Custody which explains how global standards are needed in securities reporting.

Join the cyber conversation. Watch this four-part series examining cyber security in the financial industry: learn about the threats, the risks, and which actions need to be taken to stay ahead of the criminals.

Swift Statement

Swift Statement

The most promising fintech companies in Europe have now been selected to compete in the Startup Challenge Finale at Sibos in Singapore.