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Next year rich payment data will start to become the standard language of global payments. Projects are well underway, and the vision we all share is coming into ever-sharper focus. Improvements in the quality and richness of data in domestic and cross-border payments will reduce manual interventions and costs, improve automation and speed of settlement, mitigate risks of financial crime compliance, and enable a new wave of innovation. This is the third edition of “ISO 20022 in bytes” a…

Easy access to CIPS data will facilitate transactions between China and the rest of the world

HSBC processes 4.4 billion payments every year – or 139 every second. The bank has offered ISO 20022 XML based products and solutions since 2003, and has seen a continuous growth in customer demand and transaction volume. Recently, HSBC partnered with Swift to define a common industry standard for APIs in Hong Kong, based on ISO 20022.

Swift’s RMB Tracker shows that only 2.4% of all payments by value between the United States and China/Hong Kong are exchanged in RMB

Swift’s Africa Advisory Group, founded to provide senior industry insight into Africa’s financial markets, will hold its first meeting in Mauritius in advance of ARC 2016

A move that further strengthens compliance programs across the Latin America region

The ‘HADU’ Student team from the Warwick Business School named winners of the inaugural Swift Institute Challenge on ‘Remittances via Banks’

Gates Foundation to join Swift in Mauritius to discuss how digital financial services and technologies can promote financial inclusion in Africa