New Swift Go service transforms low-value cross-border payments
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.
Swift research finds European SMEs expect to be more competitive and save money as a result of instant payments regulation
61% of SMEs across France, Germany, Italy and Spain expect EU’s instant payments regulation to have a significant impact on their business
83% say upfront confirmation of beneficiary details is important to them as regulation introduces SEPA-wide Verification of Payee
Swift is collaborating with VoP schemes to facilitate use of upfront beneficiary checks internationally and make it easier for banks to comply with the regulation
Payments transformation in the Middle East and Turkey
The rapid growth of digital payments around the world, in part driven by the COVID-19 pandemic, has created a lasting change in the way that we do business, from central bank to commercial, corporate treasurer and beyond. Stakeholders from across the community in the Middle East and Turkey shared their experiences at a recent Swift online event.
Innotribe to break the mould in unique Bangkok event for Corporates
Brussels - April 17, 2012 - Innotribe, Swift's initiative for enabling collaborative innovation in financial services, will be hosting a unique event for Asia's corporates, on 26 and 27 April at this year's Asian Banker Summit in Bangkok, Thailand. Professionals from the corporate and banking sectors will come together to collectively discuss and brainstorm concepts for their organisation's business strategies and processes as the industry continues to evolve.
Financial industry agrees offshore RMB guidelines
Hong Kong, 13 February 2012 - As international use of the Chinese currency grew exponentially over the past eighteen months, financial institutions around the world identified important issues around efficient processing of payments, treasury and securities transactions using the renminbi (RMB). After initial discussions by groups of institutions in Hong Kong actively involved in settling offshore RMB across securities and transaction banking markets, the industry has now defined a new set of…
Settlement fails: Getting to the root of the problem
Securities settlement fails create both added costs and operational risks for trading counterparties. These challenges are only going to intensify under CSDR’s Settlement Discipline Regime and the decision by certain markets to adopt T+1. Better transparency on securities transactions will be essential if we are to reduce settlement fails moving forward.
All aboard as Swift GPI momentum builds
Sibos 2018 offered an opportunity for its first wave of users to reflect on and share their key learnings
Wall Street Exchange goes live on SwiftRemit, first in Gulf to get certification
Dubai, November 19, 2012: Wall Street Exchange Centre, a subsidiary of Emirates Post Group, has obtained SwiftRemit certification, which allows it to bring the speed, efficiency and security of the Swift platform to its retail remittance business.
Inside Innovation: The Future is here
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.
Banks and corporates use Swift for OTC derivatives reporting
At a time when financial markets participants are struggling to handle multiple new regulatory requirements, notably in the Over-The-Counter (OTC) derivatives space, many are finding that they can leverage existing Swift services and capabilities.