ISO 20022 in bytes for payments: A look ahead at 2023’s important milestones
After years of intense preparation by the global financial community, the successful migration to ISO 20022 for cross-border payments and reporting (CBPR+) started on 20 March. Since then, we see a daily average of more than 500,000 CBPR+ messages exchanged, representing around 15 percent of the total cross-border payments traffic on the Swift network, and with a negative acknowledgement (NACK) ratio comparable to the FIN one. CBPR+ exchanges involve 1,000+ BICs on the sending side and 5,000+…
From Geneva to Toronto
Swift at Sibos brought together three senior Swift executives to review Sibos 2016 and look ahead to next year’s event in Toronto
Sibos 2022: Progressive finance for a changing world
Sibos kicks off with a spotlight on how the Swift community is collaborating, innovating and adapting to overcome fragmentation and build a more inclusive digital economy.
2018. A Year of Engagement & Collaboration
Swift will be attending a wide range of treasury conferences and events during 2018 to engage with practitioners on best practices and collaborate on new innovations
Swift unveils new instant payments solution for Europe
Instant payment gateway will deliver single, low cost access to multiple market operators
Leading the way towards universal payments confirmations
By the end of 2020, all financial institutions will be required to provide confirmation that a payment has reached the beneficiary account. Thierry Chilosi, Swift GPI Go-to-Market Lead, explains why and how Swift is supporting this transition.
Swift sees success with instant cross-border payments through Singapore’s FAST
Swift trials cross-border instant payments over gpi and Singapore FAST with banks in Asia-Pacific, Europe and North America
New Swift and BCG report says securities industry ripe for APIs
Joint report finds growing momentum for API technology
Swift publishes new paper on the European payments landscape
As financial institutions prepare for new European payments architecture, Swift highlights the milestones for action and sets out how it is supporting the industry through the changes.
Four Asian banks go live on Swift GPI
Swift announces that four new Asian banks have gone live on its global payments initiative (gpi) in June. This follows the announcement of ten live Chinese banks on gpi earlier this month.