right security officer (RSO)
A role that carries joint responsibility with a left security officer for the configuration and the management of the security functions within Alliance.
Taking the friction out of payment exceptions and investigations
The process of handling exceptions and investigations for cross-border payments can be fraught with challenges. But as Citi and BNY Mellon have found, Swift’s case resolution solution streamlines the resolution process – speeding up settlement times and improving customer experience.
The path to paperless: How can UK businesses prepare for digital trade documents?
Despite most industries witnessing digital leaps forward over the past decade, the world of trade has kept its focus on paper-based documentation. In fact, trade documents such as promissory notes, bills of lading and performance bonds have remained relatively unchanged for centuries.
Considering that the scale and sophistication of global trade has increased enormously since these documents were initially used by merchants, it’s now high-time for an update.
Why adopting ISO 20022 is good for you and your clients
Cross-border payments are entering an exciting new era with the global introduction of the data-rich ISO 20022 standard. To find out what outcomes banks and customers can look forward to, Swift's Stephen Lindsay spoke to Isabel Schmidt, Co-Head of Payment Products, from BNY Mellon at Sibos.
Shaping the future of finance, together.
Swift is an example of what the financial industry can achieve when it comes together.
ISO 20022 in bytes: Better data, better payments
Correspondent banking is undergoing a data revolution. In coming years the community will make significant investment in improving the quality and richness of data in domestic and cross-border payments. Together we will reduce manual interventions and costs, improve automation and speed of settlement, better mitigate risks of financial crime compliance, and support our clients with faster reconciliation and business solutions.
Welcome to our first edition of “ISO 20022 in bytes”, a new…
Streamlining the KYC process for corporates
As the global requirements for customer due diligence become increasingly complex, there has never been a better time for innovative KYC solutions that offer new efficiencies. In December 2019, Swift opened the KYC registry to Swift’s corporate customers to dramatically reduce the KYC burden for corporates. Since then, both corporates and banks have been benefiting from a more streamlined process for KYC information collection.
Swift explores Asia Pacific cross-border real-time payments
Swift and Banks in Asia Pacific join forces to develop a unique cross-border real-time payments service in the Asia Pacific region