Over 50 of the world’s largest institutions have signed up for the new service that helps reduce settlement fails through clear end-to-end tracking across post-trade processing.

Swift innovation enables CBDCs to move seamlessly on existing financial infrastructure and efficiently scale for international transactions across more than 200 countries 18 central and commercial banks encourage continued development after nearly 5,000 CBDC-to-CBDC and CBDC-to-fiat simulations over 12-week period Swift will build beta version for further testing and explore additional use cases in securities settlement and trade finance

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.

The results of our latest collaborative CBDC sandbox experiments are in, successfully demonstrating the use of CBDCs and other digital tokens across simulated digital trade, tokenised asset and FX networks, and payments.

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.

The first Standards Forum Indonesia gathers more than 160 participants.

The rapid acceleration in the digitisation of financial services over the past year has thrust innovation into focus for the financial industry. At Swift's recent Inside Innovation event, thought leaders from around the world highlighted the challenges that this presents firms with, and ways they can look to innovate for a successful future.

FATF Recommendation 16 highlights the end-to-end data quality challenge of financial crime compliance

Cross-border payments have already become quick and transparent, with far less friction preventing them from arriving at their destination on time – but there’s still room for improvement. We look at what a brighter payments future could look like, and how the financial community can build it together.

Due to the start of the go-live and the coexistence period for ISO 20022 for CBPR+ changing to 20 March 2023 some of the information in the content is out of date. For more information on the migration to ISO 20022 in payments please visit our readiness page.  With the completion of the FINplus RMA bootstrap and the start of early adoption, it’s been a busy last few weeks in the CBPR+ world for our community. In particular, there has been further progress on messaging interface…