Group Hub
A Swift user or non-Swift user organisation connecting users within its corporate group. A corporate group in this context means either all connected users and the Group Hub belong to the same corporate group based on the Swift traffic aggregation or connected users which include two or more Swift shareholders being (together) majority shareholders and exercising together effective control over the Group Hub, and any other connected user belonging to the same corporate group as that of any such shareholder based on Swift traffic aggregation.
Innotribe and Innovate Finance launch Global FinTech Hubs Federation initiative
FinTech associations and network providers from more than 20 countries join Innotribe and Innovate Finance to form the Global FinTech Hubs Federation
Swift strengthens presence in Asia Pacific with new corporate hub
Brussels, 26 September 2012 - Swift, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, today announced that a new Asia Pacific corporate hub will be established across two locations - Kuala Lumpur and Singapore.
MyStandards Asia Pacific User Group Event: Agenda
The agenda for the MyStandards Asia Pacific User Group Event in Singapore is now ready for download.
Swift guiding principles for screening ISO 20022 endorsed by the Wolfsberg Group
Recently published by Swift and already endorsed by the Payments Market Practice Group, these screening guidelines have now been supported by the Wolfsberg Group too.
Strong client engagement at the third MyStandards User Group
There were many smiling faces at the MyStandards User Group event at Swift's headquarters in Belgium on Tuesday 21 and Wednesday 22 October 2014.
The Volvo Group joins Swift to increase competitiveness
The Volvo Group, one of the world's leading manufacturers of trucks, buses, construction equipment and engines for industrial and marine usage has joined Swift to benefit from its multi-bank messaging solution for documentary trade flows.
European hubs are fuelling RMB Internationalisation
Brussels, 26 August 2014 – Swift’s latest RMB Tracker shows that Europe represents 10% of Renminbi payments worldwide in value. For the past year, four European countries have been settling into the top 10, excluding China and Hong Kong. The United Kingdom leads Europe with 123.6% growth between July 2013 and July 2014, followed by France (+43.5%), Germany (+116%) and Luxembourg (+41.9%). Since July 2013, European payments directly exchanged with China and Hong Kong in RMB have increased by 105…
Société Générale Group migrates French domestic payments traffic to Swift
The French banking group will use Swift FileAct to send domestic payments to STET, the European automated clearing house.
Swift Corporate Advisory Group (CAG) welcomes Chinese community representative
Today Swift welcomes a new member of the Swift Corporate Advisory Group (CAG) from China. Representing China is Dr. Xu Jie, Deputy General Manager, Transaction Banking Department from China’s Minsheng Bank
Fostering trust and transparency in global correspondent relationships alongside the Wolfsberg Group
A standardised due diligence approach fosters trust and transparency between correspondent banks. Wolfsberg Group’s Correspondent Banking Due Diligence Questionnaire (CBDDQ) aims to be a key driver in creating a global standard