Facilitating inter-regional payment flows

As activity among market participants choosing to directly connect to T2S intensifies, new Swift research looks at the benefits of taking the direct route to T2S and the opportunity to build new business models, access new markets more easily and deliver new services to clients, which are being explored by the first wave of pioneering Directly Connected Participants (DCPs).

Brussels, 29 October 2013 - When RMB trade settlement was opened up in June 2012 for any corporate in the world, adoption was to start regionally in Asia and then expand to Europe, the Americas, Middle East and Africa. That may have been so. Recent Swift data however shows that RMB customer payments - a good proxy for trade settlement - in Europe grew by 163% over the last year, much higher than the 109% observed in Asia (excluding China and Hong Kong) in the same period. Growth in Europe was…

In many markets around the world, T+1 is coming your way – or could be soon. As more markets look to shorten their securities settlement cycles, Simon A.X. Daniel, Product Manager at Swift, spoke to Virginie O’Shea, Founder of Firebrand Research, about what this means for the securities industry and how firms are getting ready.

As the requirements for customer due diligence across the world become more complex, Bart Claeys, Head of KYC at Swift explains how banks can ease the burden on their customers by adopting the latest Know Your Customer (KYC) technologies, and can reduce costs and free up resource in the process.

Brussels, 22 October 2012 – Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries, today released an information paper that takes a closer look into the real costs associated with building and running a PKI solution. The paper focuses on the findings of a cost study conducted by SEALWeb, an independent consultancy firm specialised in PKI implementations. It exposes the hidden costs for financial institutions to build and maintain a…

Nine startups will compete in Mexico on 29 June and benefit from expert mentoring, in-depth industry feedback and networking opportunities to take their innovative solutions to the next level

Part of Swift’s mandate is to debate issues of mutual interest – so where we can, we will help to accelerate, collate or disseminate analysis that helps our members deploy innovation successfully. We also use our experience and analysis to help our Community to consider the practical implications of new business models, taking into account key factors such as evolving business demands, security, and compliance requirements.

Brussels, 26 August 2014 – Swift’s latest RMB Tracker shows that Europe represents 10% of Renminbi payments worldwide in value. For the past year, four European countries have been settling into the top 10, excluding China and Hong Kong. The United Kingdom leads Europe with 123.6% growth between July 2013 and July 2014, followed by France (+43.5%), Germany (+116%) and Luxembourg (+41.9%). Since July 2013, European payments directly exchanged with China and Hong Kong in RMB have increased by 105…

Shorter settlement timetables mean the securities services industry must shift from exchanging structured data messages to sharing transactional data. That requires an openness to collaboration. At Swift's recent Smarter Securities events, in Asia, Europe and North America, bankers, brokers and asset managers explained why and how collaboration needs to work.