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and the coexistence period for ISO 20022 for CBPR+ changing to 20 March 2023 some of the information in the content is out of date.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.  Welcome to the 10th edition of ISO 20022 in bytes for payments. With less than six months till CBPR+ general go-live, we’re seeing increased readiness activities from the community, with interface upgrades accelerating and…

New article series from the Swift Institute in collaboration with the University of Pennsylvania’s Knowledge@Wharton explores today’s industry challenges

Following a turbulent year, financial institutions face intense customer expectations for seamless digital services. To meet these expectations, banks need to engage with new and emerging technologies, and with innovative partners in the market to thrive.

In recent years, firms across the financial industry have been working intensively to embed emerging technologies into their customer offerings and back-office operations. But nascent trials are today fast being replaced by scalable, production-ready solutions. We sat down with our Innovation team to get their insights on the technologies and trends set to shape the financial services of the future.

Collaborative experiments with 38 global institutions demonstrate new use cases for Swift solution across digital trade, securities and foreign exchange Swift solution could enable financial institutions to easily incorporate CBDCs and other digital assets into common business practices Connector can interlink multiple networks and could lead to automated trade flows and unlock growth in tokenisation

Swift Securities View lets you track securities transactions to quickly identify any issues and avoid costly settlement fails.

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…

Swift is a cooperative society under Belgian law and is owned and controlled by its shareholders. Swift shareholders elect a Board composed of 25 Directors who are appointed by the General Meeting of Shareholders upon proposals made by the Shareholders through the National Member Groups (NMGs).

Swift’s Nicolas Stuckens talks to Money Laundering Bulletin.

As Swift celebrates its 50th anniversary, we explore what changes the next 50 years might bring about when it comes to financial institutions’ relationship with Environmental, Social and Governance (ESG) issues.