service administrator destination
A valid Swift eight-character BIC that Swift assigns to the service administrator. The service administrator destination is used in digital signatures. The service administrator destination can be the same as the primary server destination.
service administrator related participant (SARP)
A Swift user that belongs to the same financial institution as the service administrator. To be considered as part of the same financial institution, Swift must register the service administrator related participant and the service administrator as belonging to the same group of customers for traffic aggregation purposes.
ISO 20022 in focus with Citi
As an early adopter of the ISO standard, Citi has been a collaborative innovator across its network of internal personnel, governing bodies and corporate clients since 2012.
Reinforcing the chain
FATF Recommendation 16 highlights the end-to-end data quality challenge of financial crime compliance
Assurer la conformité en matière de connaissance du client pour les distributeurs de fonds, les intermédiaires et les agents de transfert
Les acteurs du secteur des fonds doivent relever certains défis de conformité en matière de connaissance du client : des communications multiples, des formats et des exigences des contreparties difficiles et coûteux à gérer. En collaboration avec l’industrie, nous avons développé un moyen simple et sécurisé d'échanger un ensemble de données et de documents standardisé pour le contrôle préalable de connaissance du client : KYC Registry.
J.P. Morgan and HSBC use The KYC Registry to streamline processes and improve customer experience
Sharing data to collectively improve consistency, efficiency and speed of KYC processes
Preparing for the compliance challenge of real-time, cross-border payments
Cross-border payments are undergoing a major transformation to facilitate real-time frictionless payments, forcing the governing institutions to raise the bar on what they want banks to do to combat financial crime.
Swift and the Canadian Payments Association examine Canada’s adoption of ISO 20022
New paper from Swift and the Canadian Payments Association highlights the importance of renewed messaging standards for Extended Remittance Information in the region
Fast, transparent and trackable payments
Swift GPI allows you to send fast, transparent, trackable cross-border payments in real-time anytime, anywhere.
CGI reduces costs for corporates and banks
Brussels, 16 October 2012 - The Common Global Implementation initiative (CGI) announced today that it has published best practice guidelines for corporate-to-bank communication based on ISO20022 messages. Codifying and promoting the use of common formats in the corporate-to-bank payments space will help reduce costs and simplify implementation processes for corporates that are managing multiple bank relationships.
Swift joins forces with other major EU infrastructures to fight cyber threat
Protecting European citizens and financial institutions from cybercriminals