In his new article, Wim Raymaekers, Head of Banking Market at Swift, sets out how in 2019 we’re continuing to pave the way towards frictionless cross-border payments

A quick and easy way to check bank transactions against sanctions lists

Requirements for customer due diligence are filled with complexity and nuance. To understand the Know Your Customer (KYC) challenges faced by both banks and corporates alike, we caught-up with industry experts from BASF and BNP Paribas for their respective insights. They shed light on their specific learning points and how Swift’s KYC Registry is helping them streamline the collection of KYC information. 

Swift, in collaboration with Capgemini, is conducting new experiments to test how we can interlink domestic CBDCs and take the next step towards seamless cross-border payments involving digital currencies.

-    New service enables businesses and consumers to send payments in seconds with full transparency and strong security -    Swift Go is a key building block in the co-operative’s strategy to enable instant and frictionless cross-border transactions -    Seven leading global banks already live with the service

National Australia Bank has implemented connectivity to the new Swift GPI cross-border payments Tracker via Application Programming Interface (API).

The service will enable BIDV to offer an enhanced cross-border payments experience to their clients

As part of its ongoing efforts to support the industry in tackling the global decline in correspondent banking relationships, Swift has aligned its Know Your Customer (KYC) Registry with the new Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ) and Financial Crime Compliance DDQ (FCCDDQ).

Securities industry leaders collaborate to help ease financial crime compliance concerns for cross-border securities accounts

Swift’s reliability, long-term commitment and competitive pricing rank high amongst HSBC’s selection criteria