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 5,000+…

Swift at Sibos brought together three senior Swift executives to review Sibos 2016 and look ahead to next year’s event in Toronto

Sibos kicks off with a spotlight on how the Swift community is collaborating, innovating and adapting to overcome fragmentation and build a more inclusive digital economy.

Swift will be attending a wide range of treasury conferences and events during 2018 to engage with practitioners on best practices and collaborate on new innovations

Instant payment gateway will deliver single, low cost access to multiple market operators

By the end of 2020, all financial institutions will be required to provide confirmation that a payment has reached the beneficiary account. Thierry Chilosi, Swift GPI Go-to-Market Lead, explains why and how Swift is supporting this transition.

Swift trials cross-border instant payments over gpi and Singapore FAST with banks in Asia-Pacific, Europe and North America

Joint report finds growing momentum for API technology

As financial institutions prepare for new European payments architecture, Swift highlights the milestones for action and sets out how it is supporting the industry through the changes.

Swift announces that four new Asian banks have gone live on its global payments initiative (gpi) in June. This follows the announcement of ten live Chinese banks on gpi earlier this month.