service administrator destination
A valid Swift eight-character BIC that Swift assigns to the service administrator. The service administrator destination is used in digital signatures. The service administrator destination can be the same as the primary server destination.
service administrator related participant (SARP)
A Swift user that belongs to the same financial institution as the service administrator. To be considered as part of the same financial institution, Swift must register the service administrator related participant and the service administrator as belonging to the same group of customers for traffic aggregation purposes.
Successful testing paves way for CBDC use cross-border
Central and commercial banks see “clear potential and value” in Swift’s pioneering CBDC interoperability solution, following successful testing in a sandbox environment.
Re-assessing the risks
Serving low-risk clients in high-risk markets is made harder by financial crime compliance obligations, but not impossible
Blockchain – Progression in securities markets?
Blockchain solutions for payments seem about a dime a dozen. BNY Mellon’s Tom Casteleyn explains the latest DLT trends impacting securities.
Financial crime compliance in a real-time world
Shaken up by waves of regulation and compliance requirements, financial crime obligations are more complex than ever. Swift has responded by developing a broad portfolio of sanctions, KYC, AML and fraud prevention solutions.
New collaborative experiments explore more complex CBDC use cases
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.
From Geneva to Toronto
Swift at Sibos brought together three senior Swift executives to review Sibos 2016 and look ahead to next year’s event in Toronto
Get in touch with Swift
Beyond borders: Progressing towards the G20 targets for enhancing cross-border payments
Fragmentation is a major obstacle to optimising payment flows across the globe. Addressing it head on is essential to meet the G20’s targets for enhancing cross-border payments, explains Harry Newman, Head of Banking and Payments Strategy, Swift.
Sibos 2023 kicks off: Collaboration, fragmentation, innovation
Collaboration and responsible innovation to overcome fragmentation and drive a sustainable future are top of the agenda as the financial industry gathers for Sibos 2023.
Payment operational issues
From business practices to process management, operational issues represent one of the largest sources of financial loss and operational costs in the financial industry.