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.
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
Rolf Hauge CEO at Commercial Banking Applications (CBA)
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
Domenico Scaffidi Payments Business Development Director at Volante Technologies
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
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
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
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
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
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
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
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
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