BRUSSELS, 9 January 2012 – In a new white paper, Swift unveils its vision for a customer-centric, ‘experience banking’ model where customers are the trigger for banking services, and where banks link together the best components to create a consistent and seamless customer experience. Welcome to Correspondent Banking 3.0.

Effective screening will help you meet regulatory and due diligence obligations

Swift introduces the standards ‘Change Request Forum’

Major improvements have been made to the securities services operating model over the last decade, but inefficiencies in the trade settlement process continue to be a recurrent challenge – and it requires a speedy resolution.

ISO 20022’s rich data is at the heart of achieving the industry’s ambition for instant and frictionless payments. And it opens big benefits for firms that embrace the opportunity. Nicolas Stuckens, Head of ISO 20022 Adoption and Data Quality at Swift, discusses the 5 key reasons you should adopt the new standard today.

ISO 20022 is underpinning advances across the payments industry

There’s no question technology plays a powerful role in enabling the movement of payments around the world. With access to a smartphone, individuals can purchase goods, pay bills, communicate with friends and family who are miles away, and more. Businesses can easily pay remote teams and partners and securely accept payments from virtually anywhere in the world. The efficiencies and problem-solving possibilities seem endless.

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.

Cybercrime and fraudulent payment risks are on the rise – and banks are the new targets. Learn how banks fight fraud.

Stephen Gilderdale, Head of UK, Ireland and Nordics, and Tony Wicks, Head of AML Initiatives, discuss how Swift’s Customer Security Programme and financial crime compliance services portfolio are helping members bolster cyber security for themselves, their counterparties and the community.