Group-level monitoring of correspondent risks supports your AML and CFT compliance

Brussels, 23 January 2014 - A symbolic milestone has been achieved by the Chinese currency, as in both November and December 2013 it was one of the top ten most-used currencies for payments in terms of value. Over the past three years, the RMB overtook 22 currencies, most recently the Singapore Dollar and the Hong Kong Dollar, and is now trailing the Swiss franc 1.12% to 1.29%.

On Monday 23 September Sibos is hosting the first ever day dedicated to the foreign exchange (FX) industry. Across six sessions, separated by a keynote speech from the popular and closely followed FX research economist David Bloom of HSBC, panellists will be debating all the forces changing the shape of the FX industry: regulatory pressure, technology, liquidity, data and the renminbi.

Banking is built on trust between counterparties. but what if trust is digitised in a decentralised future?

What is the UTI and how can it benefit the securities industry? Here’s what you need to know.

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…

Swift and the Japanese Bankers Association (JBA) have announced a new Foreign Exchange Yen Clearing System (FXYCS) mapping recommendation

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…

Latest partnership helps maximize instant payments access for the European financial community

Over 300 representatives from banks, corporates, market infrastructures (MIs) and the press gather around the world to mark the successful delivery and fast-growing reach of Swift GPI