Global transaction banking revenues are set to nearly double over the next ten years, reaching $2 trillion by 2024, according to a report by the Boston Consulting Group in conjunction with financial messaging network Swift.
BNY Mellon, a global leader in investment management and investment services, has made the utilization of SWIFT's Know Your Customer (KYC) Registry an integral part of its enhanced client onboarding process.
SWIFT announces today that the Payments Market Practice Group has endorsed the use of its messages for intraday liquidity reporting as required by the Basel Committee on Banking Supervision (BCBS).
China's cross-border interbank payments system, established as a yuan-based alternative to the interbank Swift network, has launched with 11 domestic banks and eight foreign institutions onboard.
ACI Worldwide (ACIW), a leading global provider of electronic payment and banking solutions, today announced that its global payment processing solution, ACI Money Transfer System, has achieved the 2015 SWIFT Certified Application for Payments label.
SWIFT today announces that the Caribbean Association of Banks (CAB), with regional membership of 45 financial institutions across 16 countries, endorses The Know Your Customer (KYC) Registry, a centralized repository that maintains a standardised set of information on correspondent banks’ requirements for KYC compliance.
Swift announces today that Barclays and Navigators have successfully used the MyStandards Readiness Portal, a collaborative standards management platform that eases the client on-boarding process for financial institutions and their customers.
SWIFT announces that GlobalTrade Corporation (GTC), a leading provider of innovative multi-bank trade finance solutions, is the first trade finance technology provider to integrate Alliance Lite2 for Business Applications (L2BA) with its multi-bank trade finance platform for corporates.
Deutsche Bank is simplifying its technical client onboarding processes by introducing the Readiness Portal to its MyStandards offering.
Swift announces today that more than 1,125 financial institutions have signed up for its Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of information about financial institutions required for KYC compliance.
© Finextra Research 2015