Swift opens office in Mexico City as part of its growth strategy for Latin America
27 May 2014 - Brussels - Swift announces the opening of its new office in Mexico City. The expansion supports the growth of the company's Latin American operations, and enables customers to benefit from the expertise and localised access of sales and technical support that are critical to payments, securities and treasury operations.
The Renminbi is the second most used currency for cross border payments with China and Hong Kong
Brussels, 26 June 2014 – Swift’s RMB Tracker shows that the RMB is now the second most used currency for cross border payments with China and Hong Kong. In May 2014, 12% of cross border payments with China and Hong Kong were done using the RMB, up 36% from one year ago. The US Dollar remains in the top position, with the Hong Kong Dollar following close behind the RMB for payments to China and Hong Kong.
Financial crime and machine learning
Exploring the potential of machine learning, and of adopting a joined-up approach to anti-fraud and AML programmes
Standards and market practice key for corporate actions automation success
Swift joins calls for more collaboration at CorpActions 2014 conference.
Swift addresses the Know Your Customer’s Customer compliance challenge
Brussels, 12 November 2014 - Swift announces the development of the Swift Profile, a unique report that provides a global overview of an institution's correspondent banking activities, which banks can share at their own discretion. The new service will be available in January 2015 and forms part of Swift's Know Your Customer (KYC) offering, which is designed to address the growing KYC challenge for banks.
Leading technology innovation in the Trade industry
Swift has recently been recognised for two very prestigious awards in the trade finance sector. For the second year running, Swift received a Silver Award from Trade and Forfaiting Review (TFR). Swift’s André Casterman also accepted the TFR Fellowship award for outstanding services to trade finance.
Nordnet first in Sweden with electronic mutual fund transfers
Nordnet together with Fidelity are the first in Sweden to introduce electronic mutual fund transfers via Swift.
Swift supports successful go-live of T2S
Brussels, 24 June 2015 - Swift announces that its Value Added Network (VAN) Solution for T2S went live as planned on 22 June, supporting the launch of the new pan-European securities settlement platform.
Côte D’Ivoire’s Minister of Economy & Finance to open Swift African Regional Conference in Abidjan
Minister Adama Kone will give keynote address on 16 May 2017
Rare earths – a powerful attraction
China has dominated the production of rare earth metals – the vital inputs in the clean energy transition as well as military equipment. But this could be all set to change as Western economies seek greater control and to reduce their dependence.