Will Europe overtake Asia in RMB trade settlement?
Brussels, 29 October 2013 - When RMB trade settlement was opened up in June 2012 for any corporate in the world, adoption was to start regionally in Asia and then expand to Europe, the Americas, Middle East and Africa. That may have been so. Recent Swift data however shows that RMB customer payments - a good proxy for trade settlement - in Europe grew by 163% over the last year, much higher than the 109% observed in Asia (excluding China and Hong Kong) in the same period. Growth in Europe was…
Chinese Renminbi Overtakes the Swiss Franc as a World Payments Currency
Brussels, 27 February 2014 - For the third consecutive month, the Renminbi (RMB) is one of the top ten most-used currencies for payments worldwide. With an activity share of 1.39% in payments value, the RMB now ranks 7th, closely followed by the Swiss Franc at 1.38%.
Susquehanna Bank joins Swift using Alliance Lite2
New York, August 12, 2013 - Swift, the financial messaging provider for more than 10,000 banking organizations, securities institutions and corporate customers in 212 countries and territories, announces that Susquehanna Bank has joined the Swift network using Alliance Lite2, a cloud-based connectivity solution.
German RMB payments value increases 71% reflecting its position as one of China’s major European trading partners
Brussels, 26 June 2013 – Swift data shows that Germany is ranked #8 in the world for RMB payments value (excluding China and Hong Kong), increasing by 71% between April and May 2013. It recorded the biggest increase in the top 20 countries in CNY payments.
Transaction filtering, systems testing and annual certification: driving business benefits
Swift paper outlines implications of new DFS regulation, and the potential for banks to develop ongoing review programmes that enhance processes and create business efficiencies
Global adoption of RMB grows by 35 percent
Brussels, 25 September 2014 – Swift’s latest RMB Tracker shows that over the past two years, RMB payments worldwide have nearly tripled in value. In addition, the RMB is now supported by a much broader base with 35% more financial institutions using the RMB for payments with China and Hong Kong.
Swift’s Customer Security Programme (CSP) is well underway. What has it achieved to date, and what are the next key milestones?
Stephen Gilderdale, Head of UK, Ireland and Nordics, and Tony Wicks, Head of AML Initiatives, discuss how Swift’s Customer Security Programme and financial crime compliance services portfolio are helping members bolster cyber security for themselves, their counterparties and the community.
The need for rich data in a shared ledger paradigm
The concept of a new, universal shared ledger for digital payments and assets is gaining interest as a way of transforming how transactions are recorded and settled. When combined with a messaging layer, a shared ledger could create a powerful proposition capable of supporting the rich, structured data exchange needed for transactions in regulated assets or money.
Innovative MyStandards technology from Swift fast tracks bank onboarding for corporates
Barclays and Navigators Insurance select Swift's MyStandards Readiness Portal to ease the corporate to bank on-boarding process.
Swift expands Business Intelligence portfolio with Watch Insights
Brussels, 1 October 2012 - Swift, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, announced today that it has launched ‘Watch Insights', a new set of pre-defined, yet dynamic and actionable dashboards as part of its Business Intelligence portfolio.