Universal confirmations to transform the way we do business
Experts from Societe Generale, Roche, ACI Worldwide and Swift came together at Sibos in London to explore how universal payment confirmations will benefit global trade.
What is a Unique End-to-end Transaction Reference (UETR)?
A Unique End-to-end Transaction Reference (commonly known as a UETR) is a string of 36 unique characters featured in all payment instruction messages carried over Swift.
Celebrating 40 Years of Innovation in Hong Kong
This year, Swift marks 40 years of supporting the financial services community in Asia Pacific. As a trusted partner for the global financial community, we work to continuously drive innovation that helps our community to move value securely, reliably and seamlessly across borders around the world.
Growth in Swift’s business in the Middle East outperforms global growth
Dubai, 6 February 2013 - Swift, the financial messaging provider for more than 10,000 banks, securities institutions and corporate customers in 212 countries and territories, today announced that its business in the Middle East has outperformed the total growth of the business globally by 45%, underpinning the growing importance of the region as a hub for international banking and finance.
Technology and Operations
Swift is at the forefront of innovative application of technology within the financial sector. We retain and hire the best minds and embrace the exciting potential of new technologies; we are committed to maintaining a market-leading platform and to delivering innovative technological solutions.
Fewer settlement fails through more visibility
Greater transparency into the trading lifecycle – enabled through the unique transaction identifier and Swift Securities View – could help avoid costly settlement fails, especially as more markets move to T+1. Tracy Chou, Senior Securities Expert at Swift, explains.
Leading global transaction banks kick off blockchain proof of concept with Swift GPI
Swift’s proof of concept will determine if distributed ledger technology can help banks reconcile their nostro accounts in real time
Innotribe names 10 companies to compete in the Startup Challenge Africa
The successful startups will pitch their products in Abidjan, Ivory Coast, on 17 May 2017 during Swift’s African Regional Conference
Swift and Wise join forces to expand cross-border payment options globally
Collaboration will help financial institutions provide a greater range of choice to their customers for cross-border payments
Payments initiated by banks via Swift will be able to complete on Wise quickly and easily through Wise Platform's new Correspondent Services offering
A work of friction? Drivers towards seamless securities settlement
In the second of three articles, Swift’s Head of Securities Strategy, Vikesh Patel, considers the building momentum for shorter settlement cycles and frictionless post-trade processes – and what this means for the current market structure.