SWIFT Matters

A community that concentrates on SWIFT as an important business tool in the payments and standards world.

Domenico Scaffidi Payments Business Development Director at Volante Technologies

SWIFT gpi: the build vs buy debate

As the world moves towards a more global way of doing business, banks and financial institutions need the capability to move money around efficiently, transparently and in a cost effective manner and in doing so, ensuring that liquidity doesn’t get locked away. Cross-border payments however have historically been the opposite of this - with single...

21 November 2019 /payments

Retired Member 

Another Day at SIBOS 2019

On the first day of Sibos My TB gave to me A current account and OD facility On the second day of Sibos My Transaction Banker gave to me Two virtual accounts And A current account and OD facility The second day of SIBOS started off with a session on polictical uncertainty, Brexit and its impact on Banks and mentioned that waves of nationalism an...

25 September 2019

Retired Member 

Swift takes the first steps with Distributed Ledger Technology

Swift has announced a proof-of-concept trial to link distributed ledger-based trade networks to its payments network. The industry reaction concentrates, not on the functionality or advantages, but the implied acknowledgement that DLT/blockchain is now mature enough for mainstream use. That might be stretching it a bit: but the announcement is si...

08 February 2019 /payments

Rolf Hauge CEO at Commercial Banking Applications (CBA)

Now SWIFT Release 2018’s done, are you ready for SWIFT Release 2019?

For the first time in many years SWIFT’s MT Standards Release for 2018 (SR2018) incorporated a number of significant changes for banks’ trade finance operations. For many banks it presented a real test of how well they had planned and implemented their trade finance technology solutions for incorporating updates in a more and more demanding marke...

14 January 2019 /wholesale

Craig Ramsey Head of Real-Time Payments at ACI Worldwide

What's next for SWIFT gpi and cross-border real-time payments?

SWIFT gpi poses many opportunities for banks. Like any technology, the rate of change is accelerating, making it critical that banks keep pace with the market and with their competition. In 2018, as domestic real-time payments schemes reach near-ubiquity thanks to a combination of regulatory and customer demand drivers, we have seen an accelerated...

24 September 2018 /payments

Retired Member 

The Clock is Ticking: Are You Ready for SWIFT’s CSP?

Remember the days of being assigned a paper to write when you were in school? You’d be given months to complete it and yet somehow you always found yourself, on the weekend before the deadline, scrambling to get it done Ok, well maybe the last minute approach was just me. But just in case, don’t forget that there’s another deadline looming that can...

13 October 2017 /security /sibos

John Doyle Director at The Payments Business

What happened to prudent banking practice?

Recent events in the international payments world have highlighted yet again the confusion over SWIFT’s responsibilities in the payments chain. SWIFT was created to send payments instructions from a sender and a receiver. Over the past 40 years that basic role of SWIFT has not changed. SWIFT’s major contribution to the payments world was the work ...

23 May 2016 /payments /regulation

Saurabha Sahu Senior Solution Consultant at Wipro Limited

Will SWIFT be replaced by Blockchain?

SWIFT has become the backbone of the financial market from 1973. SWIFT has proven the scalability, security, resilience and created the history that is the trust in the network. SWIFT has provided a network for financial institutions to send and receive information about financial transactions in a secure, standardized and reliable environment. Th...

02 April 2016 /payments

John Doyle Director at The Payments Business

What Makes a Great Relationship Manager?

The Summary First, the summary for those that can't be bothered with the detail. A great relationship manager is someone who, Understands their customers business, Knows the customers strategy and where they can add value, Knows the value proposition to the customer of their products and services, Understands their own companies value to the custo...

23 November 2014 /startups

Retired Member 

CGI and the Path to Coopetition

For years, dealing with different domestic and international payment and account statement formats was a primary challenge within the domain of corporate payments. In this format-centric era, the concept of the Payment Factory/Payment Hub was created and many large corporates embarked on implementations that centralised the payments initiation pro...

22 April 2013 /payments