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Next year rich payment data will start to become the standard language of global payments. Projects are well underway, and the vision we all share is coming into ever-sharper focus. Improvements in the quality and richness of data in domestic and cross-border payments will reduce manual interventions and costs, improve automation and speed of settlement, mitigate risks of financial crime compliance, and enable a new wave of innovation. This is the third edition of “ISO 20022 in bytes” a…

During a recent roundtable discussion, representatives of Russia’s National Settlement Depository, Swift and the Russian National Swift Association (ROSSwift) explored the opportunities – and the obstacles – on the road to ISO 20022 adoption.

Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payment as part of a proof of concept demonstrating the feasibility of synchronizing settlement across existing instant payment systems in one of the world’s largest currency corridors.

Corporate treasurers can now find out where a payment is at any given time

New article series from the Swift Institute and Knowledge@Wharton explores the fledgling relationship between banks and fintechs

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