Community
A community that concentrates on SWIFT as an important business tool in the payments and standards world.
As the owner, you will also give up ownership if you leave this group.
Serkan Arslan Sales and Business Development Director, CAMS at Fineksus
Cross-border payments play a vital role in the seamless operation of the international economy, and their significance continues to rise as the world’s economies become increasingly interlinked through digital means. These payments have been growing at a compound annual growth rate of 5%, and this growth persisted even during the challenging times...
18 March 2024 /payments /retail
Terry Hubert Global Trade Strategist at Swift
Trade finance, essential for global commerce, facilitates 80-90% of trade transactions, serving as a primary driver for economic growth. However, its heavy reliance on paper contrasts with the digital evolution seen in other financial sectors. As innovation progresses unevenly across the industry, fragmentation emerges as a significant challenge a...
05 March 2024 /payments /wholesale
Chris Principe CEO at APB, Inc.
Sibos – the Olympics of Banking For over four decades, SWIFT's Sibos event has been the premier annual gathering for the global financial industry. Sibos provides a platform for banks, financial institutions, technology companies, and industry leaders to connect, share best practices, and to discuss the latest trends and challenges in the financia...
20 September 2023 /sibos /crypto
Steve Morgan Banking Industry Market Lead at Pegasystems
In today's global economy, real time payments, complete transparency and risk management are the keys to a successful payments business. Over the last few years, there have been a number of initiatives and organisations that have strived to achieve a level of standardisation for payments messaging. The decision by major central banks and SWIFT to ...
08 September 2022 /payments /sibos
Akhil Rao Director at Nth Exception
Standards are a cornerstone of the financial industry. For over 40 years the SWIFT MT standard has enabled industry automation, reducing the cost and risk of cross-border business, and enabling the development of the correspondent banking system on which world trade depends. Today, around 28 million MT messages are exchanged on the SWIFT network e...
16 August 2022 /payments /regulation
Alex Simpson Publications at Mansion House Consulting
Why we should be utilising the benefits of ISO 20022 Author: Mansion House Consulting Publications ISO 20022 is finally upon us and is set to revolutionise payments and networks. Indeed, as FinExtra reported, 90% of the world’s public and private high-value networks. For the uninitiated, ISO 20022 is an ISO standard for electronic data interchang...
10 September 2021 /payments /regulation
Rolf Hauge CEO at Commercial Banking Applications (CBA)
I shared my thoughts this time last year about the upcoming SWIFT Releases originally scheduled for 2020 and the importance of early preparation. Earlier this year, the planned SWIFT changes for Trade Finance Category 7 for Guarantees and Standby Letters of Credit were pushed back to November 2021. This delay comes on top of an earlier postponeme...
03 December 2020 /wholesale /predictions
Haohan Xu CEO at Apifiny
The race is on to reinvent settlement. As customer demands for faster settlement times increase, and new technologies come online, banks are under pressure to meet their clients’ heightened needs It's been more than 20 years since the Internet’s arrival transformed the way people access information, manifested in search engines that deliver the wor...
11 June 2020 /payments /startups
Rajiv Desai SVP - US Operations at Pelican
The ISO 20022 messaging standard will enable rapid payments processing and global settlement, with interoperability across many payments infrastructures. As we move closer to the migration deadline across various jurisdictions and regions, the technology challenges for managing the messaging format migration are becoming increasingly clear. As or...
18 March 2020 /payments /regulation
Following the relatively straightforward implementation of SWIFT Release 2019 this November, are you ready for the more complex requirements of SWIFT Releases 2020 and 2021? Here I’ll summarise what’s in store across both Trade Finance and Payments for 2020 and beyond. It’s worth noting that the impact of the changes planned for November 2021 are...
05 December 2019 /payments /regulation
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