Swift CEO Lázaro Campos told EU Parliamentarians today, "whatever the outcome of the current discussions about the use of data for counter-terrorism purposes, what we must not jeopardize are the protections which exist today for citizens' data, the certainty of the legal framework within which companies operate and the commercial level playing field." Mr Campos was also keen to emphasise that the debate is not about Swift, but about how Europe plans to cooperate with the US for counter…

Over 14 high value payment systems have confirmed dates to adopt ISO 20022 in the next 4 years. With cross-border payments starting coexistence with ISO 20022 and Swift MT in November 2022 payments are converging on a consistent and rich data standard. Better quality data in payments will significantly improve customer experience, with faster processing, fewer manual interventions and costs, better remittance information and improved compliance. This is the second edition of “ISO 20022 in…

Moscow Business Forum and Rosswift AGM bring together 580 participants under the theme “Solid foundations for a successful future”

Swift GPI industry challenge fosters collaborative innovation between banks and FinTech companies from around the world

Collaborative initiative expands Swift’s financial crime compliance portfolio to support new FATF Recommendation 16 requirements for wire transfers

The newly enriched FX data service from Swift uses real transactions to measure activity share and competitive position on an instrument-by-instrument basis.

Renminbi: Africa’s long-term trading currency?

NEW YORK, August 16, 2012 ─ The Depository Trust & Clearing Corporation (DTCC) and Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 210 countries, today announced BNY Mellon is the latest financial institution to go live on DTCC’s new corporate actions messaging solution over the Swift network.

As the costs of settlement fails rise, the industry is increasingly using the Unique Transaction Identifier (UTI) to enhance end-to-end transparency across the securities settlement chain.

Latest attestation data shows that, five years on, the Swift Customer Security Programme (CSP) is continuing to deliver significant results.