The European Fund and Asset Management Association (EFAMA), in collaboration with Swift, has today published a new report on the evolution of the automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland in 2013. This report, entitled "Fund Processing Standardisation" , underscores the industry's commitment to move away from manual processes towards more efficient automation and standardisation practices.

This news was first published on Dialogue Online.

Success stories with MT 798 and BPO demonstrate increasing demand for - and adoption of - Swift’s multi-banking trade solutions by corporates and banks.

Mumbai, 18 March 2014 - Swift India Domestic Services ("Swift India") today announced its official launch in India, marking a new era for the domestic financial services industry.

New report from EFAMA and Swift confirms total industry standardization and automation rates continue to progress.

A new joint paper from Swift and Accenture looks at the opportunities and challenges of central bank digital currencies for international payments, sets out practical requirements for the adoption of digital currencies at scale, and outlines how Swift can support the financial community as new solutions are developed. 

To provide a single source of all information and specifications required for registered providers to adopt and support transaction management capabilities.

The new service enables real-time payment validation to reduce errors, exceptions and costs caused by wrong or missing beneficiary information, and supports our strategy for instant and frictionless transactions.

2014 mid-year status update confirms total industry ISO automation rates continue to progress.

The new service will enhance compliance efforts for financial institutions and corporates through fast and accurate name screening against a variety of lists, including regulatory agencies, Dow Jones data and proprietary lists maintained by firms.