Cross-border payments reinvented
In his new article, Wim Raymaekers, Head of Banking Market at Swift, sets out how in 2019 we’re continuing to pave the way towards frictionless cross-border payments
CCB Brazil enhances its compliance program with Swift Sanctions Screening
A quick and easy way to check bank transactions against sanctions lists
How BNP Paribas and BASF are streamlining their KYC information collection process
Requirements for customer due diligence are filled with complexity and nuance. To understand the Know Your Customer (KYC) challenges faced by both banks and corporates alike, we caught-up with industry experts from BASF and BNP Paribas for their respective insights. They shed light on their specific learning points and how Swift’s KYC Registry is helping them streamline the collection of KYC information.
New experiments pave way for international payments using CBDCs
Swift, in collaboration with Capgemini, is conducting new experiments to test how we can interlink domestic CBDCs and take the next step towards seamless cross-border payments involving digital currencies.
Swift launches Swift Go, a fast, cost-effective service for low-value cross-border payments
- New service enables businesses and consumers to send payments in seconds with full transparency and strong security
- Swift Go is a key building block in the co-operative’s strategy to enable instant and frictionless cross-border transactions
- Seven leading global banks already live with the service
NAB moves swiftly with APIs for international payments tracking
National Australia Bank has implemented connectivity to the new Swift GPI cross-border payments Tracker via Application Programming Interface (API).
JSC. Bank for Investment and Development of Vietnam joins Swift GPI
The service will enable BIDV to offer an enhanced cross-border payments experience to their clients
Swift echoes industry’s support for correspondent banking due diligence initiative, aligning KYC Registry with latest Wolfsberg Questionnaire
As part of its ongoing efforts to support the industry in tackling the global decline in correspondent banking relationships, Swift has aligned its Know Your Customer (KYC) Registry with the new Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ) and Financial Crime Compliance DDQ (FCCDDQ).
Financial crime poses significant challenges for securities market participants
Securities industry leaders collaborate to help ease financial crime compliance concerns for cross-border securities accounts
HSBC chooses Swift to connect to Target2-Securities
Swift’s reliability, long-term commitment and competitive pricing rank high amongst HSBC’s selection criteria