Welcome to the latest edition of ISO in bytes, providing a high-level overview of the most critical updates on the ISO 20022 adoption programme for cross-border payments and reporting.

In 2020, the G20 made improving the cross-border movement of value a key priority. Here, we unpack some of the progress we’ve made in 2022 to help shape that future.

Day three of Innotribe at Sibos 2018 Sydney

Combatting financial crime

Despite most industries witnessing digital leaps forward over the past decade, the world of trade has kept its focus on paper-based documentation. In fact, trade documents such as promissory notes, bills of lading and performance bonds have remained relatively unchanged for centuries. Considering that the scale and sophistication of global trade has increased enormously since these documents were initially used by merchants, it’s now high-time for an update.

IBM and Capgemini are this year’s Hackathon 2023 winners! We asked the winning teams how they tackled the Hackathon challenges, how they developed this year’s most innovative environmental, social and governance (ESG) solutions, and what they took away from the experience.

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.

What impact will the European Commission’s Instant Payment Regulation have on SMEs trading across Europe? To find out, we spoke to over 2,000 across France, Germany, Italy, and Spain. Here’s what they said.

A quick and easy way to check bank transactions against sanctions lists

Swift’s Harry Newman, Head of Banking, and Stephen Lindsay, Head of Standards, look at the significant changes taking place within the structures that enable payments across the world.