The payments industry is in transition, converging from a wide variety of legacy message and data formats to ISO 20022: a common, global, end-to-end standard. Extra CBPR+ messages went live in November 2023, and we closed the year with a daily average exchange of 800K messages. ISO 20022 adoption is a cornerstone of the Committee on Payments and Market Infrastructures (CPMI) agenda to improve cross-border payments. We’ll continue to build on the great start made in 2023 and support the Swift…

Much of the debate around Central Bank Digital Currencies (CBDCs) has focused on their domestic impact, but they have the potential to transform the most fundamental building blocks of international economic activity by creating new opportunities for faster, cheaper and more secure cross-border payments

ISO 20022 usage continues to gain momentum. Since the start of coexistence, an average of 620,000 ISO 20022 messages have been exchanged every single business day on our network. And this between 1,200+ sending institutions and 5,800+ receiving institutions in over 200 countries. If you’d like to learn more, you can find a monthly summary of the key migration statistics in the ISO 20022 Document Centre. And in just a few weeks, Transaction Manager will finish with its live traffic…

How China’s FinTech players will change how the world thinks about banking

Watch this series examining top tips from leading innovators in the financial industry on how to make innovation a success. This week: Interview with Robert Palatnick, DTCC.

Watch this series examining top tips from leading innovators in the financial industry on how to make innovation a success. This week: Interview with Christophe Chazot, HSBC.

After years of intense preparation by the global financial community, the successful migration to ISO 20022 for cross-border payments and reporting (CBPR+) started on 20 March. Since then, we see a daily average of more than 500,000 CBPR+ messages exchanged, representing around 15 percent of the total cross-border payments traffic on the Swift network, and with a negative acknowledgement (NACK) ratio comparable to the FIN one. CBPR+ exchanges involve 1,000+ BICs on the sending side and…

Better data means better payments 

Sibos panellists discuss key elements of the transition to the new industry standard.

Cybercrime is big business. Take a look at the steps taken by fraudsters to perpetrate a cyber attack.