Every year, the annual standards release ensures that the messages exchanged by Swift users remain suitable for the business areas in which they are used. The Standards Release has a global impact on information systems across the financial services industry. The annual Standards Release deployed for FIN messages, impacts institutions at different levels, from the interface used to connect to Swift to back-office applications, to business flows and processes.

The securities industry has made big leaps in efficiency over past decades, yet there are areas where the settlement journey still faces friction. In the first of three articles, Swift’s Head of Securities Strategy, Vikesh Patel, sets out a vision for the future of frictionless post-trade settlement.

How far can we go in eliminating friction from post-trade settlement? In this third and final article in the series, Vikesh Patel, Swift’s Head of Securities Strategy explains why the answer to this question depends on fresh thinking and industry-wide collaboration.

One year on from Sibos in Singapore and the progress of the global payments innovation (gpi) initiative can now be measured in a series of concrete steps

Swedish financial services giant becomes first bank to use Swift’s service to support compliance with stricter wire transfer requirements

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”

Information and guidelines for secure access to swift.com applications

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