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Although we’ve seen increased appetite from banks globally to accelerate the pace of digital transformation over the last two years, many players have focused solely on updating customer-facing system...
The new ISO 20022 global payments standard will change the way banks send cross-border payment instructions. It’s clear that banks and vendors have different degrees of readiness for its arrival. Some...
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 Trad...
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’...
Over the past decade the requirements for sanction screening and anti-money laundering (AML) control have increased dramatically, and regulators have stepped up enforcement. Estimates indicate that fi...
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 te...
As banks examine their readiness to deliver on the potential of new real-time payment schemes and meeting customer expectations for an ‘always-on’ service, it’s an ideal time to consider not only real...
Just over one year on from the launch of the service, SWIFT has announced that more than 160 global banks have adopted its Global Payments Initiative, SWIFT gpi, allowing them to make high-speed, cros...
There’s a lot about TESLA’s way of doing business I admire; especially when I think about what it could bring to the world of financial technology. I don’t mean a banking system powered by lithium-ion...