Swift pushes for greater automation in FX
Collaboration needed in standards across FX markets
Four benefits real-time end-to-end tracking brings to your cross-border payments
Real-time tracking has opened up a new world of convenience in our day-to-day lives, and it's now expanded into cross-border payments. How can banks benefit?
Swift data shows intra-Africa payments clearing and trade is increasing
Use of US dollar declining while West African franc and South African rand increasing
RMB adoption between China and Japan has more than doubled in the last two years
Swift's RMB Tracker shows that the Chinese currency is now the second most active currency for payments between Japan and China/Hong Kong.
RMB internationalisation is increasingly fuelled by offshore countries beyond Hong Kong
Swift's RMB Tracker shows that offshore countries, excluding Hong Kong, represent 25% of RMB payments compared to 17% two years ago.
RMB strengthens its position as the second most used currency for documentary credit transactions
Swift RMB Tracker shows RMB’s activity share for documentary credit transactions increased to 9.43% in January 2015.
Innotribe reveals the secrets to success for innovation in financial services
New research from Innotribe examines the inner workings of innovation within financial institutions, revealing the essentials for high performing innovation teams
What are UETRs and are you ready to process them?
With the 2018 Standards release came new operational requirements around UETRs, bringing the benefits of gpi to life.
RMB now 2nd most used currency in trade finance, overtaking the Euro
Brussels, 3 December 2013 - Recent Swift data shows that RMB usage in traditional trade finance - Letters of Credit and Collections - grew from an activity share of 1.89% in January 2012 to 8.66% in October 2013, propelling the RMB to the second most used currency in this market. It ranks behind the USD, which remains the leading currency with a share of 81.08%. The RMB overtook the Euro, which dropped from 7.87% in January 2012 to 6.64% in October 2013 and is now in third place. The top 5…
RMB breaks into the top ten most-used currencies for payments
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%.