Interbank messaging network Swift is to open its KYC Registry to corporates, providing a central hub for document exchange with multiple banking partners and eliminating duplication and ineffeciency.
Interbank co-operative Swift is to conduct a proof-of-concept trial to link its gpi network to the Corda platform of enterprise blockchain consortium R3.
BELLIN, a global leader in providing web-based treasury software and services for multinational corporations, is once again working directly with SWIFT to develop a pioneering new service.
SWIFT’s figures show an average of 31.31 million messages a day in 2018 as its annual traffic rose to an all-time high of over 7.8 billion.
Interbank payment network Swift is pushing an API standard which will enable banks to provide instant loan approvals for customers at the point-of-sale.
Craig Young, Chief Information Officer, SWIFT, speaks at SOFE 2018 about the importance of innovation to SWIFTS growth and relevance for the future and which technology trends in the market are most promising.
Marc Delbaere, Head of Corporates and Trade, SWIFT, speaks about how SWIFT is driving transformation in cross border payments, how payments pre-validation would help ease payments friction for banks and what barriers remain around the adoption of pre-validation.
During 2018, SWIFT’s gpi payments service continued to radically transform correspondent banking. With the support of hundreds of financial institutions, including the world’s 60 biggest banks, it is now being used to send hundreds of billions in payments every day – more than half (55%) of SWIFT’s cross-border traffic.
Saskia Devolder, Head of Western and Central Europe, SWIFT, speaks at SOFE 2018 in Amsterdam about the transformation underway in European Payments as a result of the Eurosystem and others setting a clear timetable for market infrastructure renewal, whats driving this, and how the industry is responding.
Swift CEO Gottfried Leibbrandt is to step down after seven years at the helm of the bank-backed international payments network.
© Finextra Research 2019