ISO 20022 in focus with Deutsche Bank
Deutsche Bank’s adoption of ISO 20022 means streamlined processes, richer data and the real-time tracking of cross-border payments
Use case 2 - Improve payments exceptions and investigations
Banks and corporates use Swift for OTC derivatives reporting
At a time when financial markets participants are struggling to handle multiple new regulatory requirements, notably in the Over-The-Counter (OTC) derivatives space, many are finding that they can leverage existing Swift services and capabilities.
Canada takes off as official RMB clearing centre
Swift’s RMB Tracker shows that the RMB is the second most active currency used by Canada for payments with China and Hong Kong.
RMB Adoption is on the Rise in Australia
Brussels, 26 March 2014 - Swift's RMB Tracker shows that Australia's RMB payments value increased by 248% between February 2013 and February 2014, placing Australia at #6 in the world for RMB payments value (excluding China and Hong Kong). In February 2014, 14.2% of payments between Australia and China/Hong Kong were in RMB versus 7.7% the previous year and only 1.9% in February 2012.
Renminbi adoption is on the rise in South Africa
Swift's RMB Tracker shows that the Chinese currency now accounts for more than 30% of payments between South Africa and Greater China.
Over 1,000 banks across the world use RMB for payments with China and Hong Kong
Brussels, 25 June 2015 - Recent Swift data shows that the growth in RMB payments is supported by an increasing number of banks. In May 2015, 1,081 financial institutions used the RMB for payments with China and Hong Kong, representing 35% of all institutions exchanging payments with the latter across all currencies. This is a 22% increase in the number of institutions using the RMB and a 6% increase in adoption, up from 29% two years ago.
300 customers choose Alliance Lite2 as their Swift connection over the last 12 months
Sibos, Dubai, 17 September 2013 - Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries, today announced at Sibos that its cloud-based connectivity, Alliance Lite2, has been adopted by more than 300 customers globally over the past 12 months.
50 countries are now using the RMB for more than 10% of their payments value with China and Hong Kong
According to Swift data, RMB is now used for 11.2% of total payments value with China and Hong Kong, up from 6.2% 18 months ago.
Inside Innovation: The Future is here
Following a turbulent year, financial institutions face intense customer expectations for seamless digital services. To meet these expectations, banks need to engage with new and emerging technologies, and with innovative partners in the market to thrive.