Meeting the challenge of intraday liquidity reporting
Managing intraday liquidity reporting is becoming increasingly complex ‒ with banks facing a number of obstacles as they seek to comply with new regulation.
Leveraging industry collaboration to tackle KYC challenges
As regulatory requirements increase, corporate treasurers dedicate significant resources and time to performing Know Your Customer (KYC) compliance processes
The transformation of the European payments landscape
Swift white paper examines the drivers of payments transformation in Europe and looks at the challenges and opportunities for financial institutions
Swift launches new ‘Pay Later’ API standard, increasing payment choice for consumers
New standard will allow instant loan approval flow between banks and retailers
ISO 20022 in focus with Deutsche Bank
Deutsche Bank’s adoption of ISO 20022 means streamlined processes, richer data and the real-time tracking of cross-border payments
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.
Canada takes off as official RMB clearing centre
Swift’s RMB Tracker shows that the RMB is the second most active currency used by Canada for payments with China and Hong Kong.
RMB Adoption is on the Rise in Australia
Brussels, 26 March 2014 - Swift's RMB Tracker shows that Australia's RMB payments value increased by 248% between February 2013 and February 2014, placing Australia at #6 in the world for RMB payments value (excluding China and Hong Kong). In February 2014, 14.2% of payments between Australia and China/Hong Kong were in RMB versus 7.7% the previous year and only 1.9% in February 2012.
Renminbi adoption is on the rise in South Africa
Swift's RMB Tracker shows that the Chinese currency now accounts for more than 30% of payments between South Africa and Greater China.
Over 1,000 banks across the world use RMB for payments with China and Hong Kong
Brussels, 25 June 2015 - Recent Swift data shows that the growth in RMB payments is supported by an increasing number of banks. In May 2015, 1,081 financial institutions used the RMB for payments with China and Hong Kong, representing 35% of all institutions exchanging payments with the latter across all currencies. This is a 22% increase in the number of institutions using the RMB and a 6% increase in adoption, up from 29% two years ago.