The future of cross-border transactions took centre stage on the Swift programme at Sibos 2022. Here are our top 10 takeaways.

The holidays are over and it’s time to get back to work. 2013 has been filled with regulatory changes that have kept many busy with the sheer effort of trying to keep up. The pace won’t be slowing down in 2014 – but regulation is far from the only issue on the agenda of firms across the finance sector. With holiday mode well behind now – and delivering greater value to clients an imperative – here are five things to look out for this year.

Correspondent banking is undergoing a data revolution. In coming years the community will make significant investment in improving the quality and richness of data in domestic and cross-border payments. Together we will reduce manual interventions and costs, improve automation and speed of settlement, better mitigate risks of financial crime compliance, and support our clients with faster reconciliation and business solutions. Welcome to our first edition of “ISO 20022 in bytes”, a new…

Watch this series examining top tips from leading innovators in the financial industry on how to make innovation a success. This week: Interview with Christophe Chazot, HSBC.

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…

Join the Swiftgpi Industry Challenge: a 2 day workshop, 5 startups, 30 banks, and a chance to complete proof-of-concepts for 200,000 EUR

Brussels, 27 February 2014 - For the third consecutive month, the Renminbi (RMB) is one of the top ten most-used currencies for payments worldwide. With an activity share of 1.39% in payments value, the RMB now ranks 7th, closely followed by the Swiss Franc at 1.38%.

Brussels, 25 September 2014 – Swift’s latest RMB Tracker shows that over the past two years, RMB payments worldwide have nearly tripled in value. In addition, the RMB is now supported by a much broader base with 35% more financial institutions using the RMB for payments with China and Hong Kong.

Las Vegas, 28 October 2013

Brussels, 14 January 2014 - Following the European Securities and Markets Authority's (ESMA's) approval of six trade repositories, there is a start-date of 12 February 2014 for derivatives trade reporting under the European Market Infrastructure Regulation (EMIR). From 12 February, entities affected by the EMIR reporting obligations will need to report their trades to one of the newly-authorised repositories.