Steady rise in standardisation of cross-border funds processing in 2013
The European Fund and Asset Management Association (EFAMA), in collaboration with Swift, has today published a new report on the evolution of the automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland in 2013. This report, entitled "Fund Processing Standardisation" , underscores the industry's commitment to move away from manual processes towards more efficient automation and standardisation practices.
Trade industry progressing towards digitisation
Success stories with MT 798 and BPO demonstrate increasing demand for - and adoption of - Swift’s multi-banking trade solutions by corporates and banks.
Swift India announces its launch in India
Mumbai, 18 March 2014 - Swift India Domestic Services ("Swift India") today announced its official launch in India, marking a new era for the domestic financial services industry.
Funds processing rates reach new levels of automation
New report from EFAMA and Swift confirms total industry standardization and automation rates continue to progress.
Exploring central bank digital currencies: Swift and Accenture publish joint paper
A new joint paper from Swift and Accenture looks at the opportunities and challenges of central bank digital currencies for international payments, sets out practical requirements for the adoption of digital currencies at scale, and outlines how Swift can support the financial community as new solutions are developed.
Transaction management for vendors
To provide a single source of all information and specifications required for registered providers to adopt and support transaction management capabilities.
New Payment Pre-validation service eliminates frictions in international payments
The new service enables real-time payment validation to reduce errors, exceptions and costs caused by wrong or missing beneficiary information, and supports our strategy for instant and frictionless transactions.
Joint Swift/EFAMA report shows encouraging increase of fund processing standardisation
2014 mid-year status update confirms total industry ISO automation rates continue to progress.
Swift to launch new hosted Name Screening service
The new service will enhance compliance efforts for financial institutions and corporates through fast and accurate name screening against a variety of lists, including regulatory agencies, Dow Jones data and proprietary lists maintained by firms.