Sibos, Dubai, 17 September 2013 - Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries, today announced at Sibos that its cloud-based connectivity, Alliance Lite2, has been adopted by more than 300 customers globally over the past 12 months.

According to Swift data, RMB is now used for 11.2% of total payments value with China and Hong Kong, up from 6.2% 18 months ago.

Following a turbulent year, financial institutions face intense customer expectations for seamless digital services. To meet these expectations, banks need to engage with new and emerging technologies, and with innovative partners in the market to thrive.

With 18 months to go until the end of the coexistence period, the daily average number of CBPR+ messages exchanged now exceeds one million. With steady progress continuing, at its March 2024 meeting, the Swift Board re-confirmed the community’s commitment to November 2025 as the end of the MT/ISO 20022 cross-border coexistence period, emphasising that priority should be given to instruction messages to ensure operational continuity and ongoing interoperability.

Swift's RMB Tracker shows that the Chinese currency is now the second most active currency for payments between Japan and China/Hong Kong.

Proof of concept is one of the most extensive Hyperledger Fabric 1.0 implementations executed in the industry to date

IFC brings together bank CEOs, central bank governors, government officials, and financial leaders from across the world.

Sibos 2018 offered an opportunity for its first wave of users to reflect on and share their key learnings

US dollar continues to dominate, while the UK holds its position as a leading financial centre.

Instant payments initiatives are gaining momentum across the globe