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

Know Your Customer (KYC) checks can be a real source of inefficiency for corporates, especially for those with multiple banking partners. We look at how Swift’s KYC Registry has helped streamline these processes for our corporates over the last year.

When it comes to ISO 20022, time is of the essence

Extending ISO 20022 across the payment chain will capture rich data at source, enhancing speed and transparency. 

China has dominated the production of rare earth metals – the vital inputs in the clean energy transition as well as military equipment. But this could be all set to change as Western economies seek greater control and to reduce their dependence.

What are the key issues shaping cross-border payments today and how is the industry responding?

… Bureaux offering Swift connectivity - ensuring quality, security and reliability. Service Bureau directory Overview … full compliance with the Shared Infrastructure Programme Security Operational Framework A new service bureau that …

Payments fraud prevention and protection requires action from all facets of the financial services industry.

On 20 October 2022, the ECB shared its decision delaying the ISO 20022 migration of the Eurosystem by four months. In light of this announcement and in line with our earlier scenario planning, Swift committed to further analyse and validate impacts on the timeline for CBPR+ with a view to maintaining operational and business continuity across the global financial system. An overwhelming majority of our global community has requested that we align the start of the…

Utility services help banks address regulatory change and evolving needs throughout the correspondent banking relationship lifecycle.