SWIFT Matters

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

Retired Member 

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

Roy McPherson 

Would back office systems cope?

When we were at Sibos we enjoyed a team dinner in a local restaurant. As the topics of the day were mulled over somewhere up popped a contentious question "If the Greeks default, and Greece disengages from EUR and reverts to the GDR, would back office systems cope"? As the discussion raged back and forth, buoyed by the odd jar or two, i...

05 October 2011 /regulation /sibos

Roy McPherson 

Aren't I the lucky one?

Funny what you find in your spam mail, this weeks mail has broadened my horizons to include penis enlargement treatment, a link to a young lady of dubious morals and, wait for the drum roll, a lady offering me a swift card. I'm so thrilled, I've been picked out with 99 other lucky souls to share in USD4,500,000 and to be given, gratis, a swift car...

20 May 2011 /regulation

Steve Scott Senior Product Manager, Business Banking at Temenos

Real Time Reconciliation Crucial To Managing Liquidity Risk

It's interesting to hear it said at IPS2011 that performing real time reconciliation is crucial to managing liquidity risk . I would agree with this but for the fact that if the demand is really there then why is it that the necessary data is so hard to come by? Crucial implies that this is must have data, but what are banks doing to ensure tha...

23 March 2011 /payments /regulation

Retired Member 

Clouded Judgement?

Whenever a new technology hype cycle starts, there is a stampede of major vendors all vying to be seen as the “hype leader”. The latest hype cycle to affect the IT industry is cloud based computing. Article after article hails the cloud as a new phenomenon. In the more restrained world of the SWIFT Service Bureau, things are more serious – especi...

18 November 2010 /payments

Dinakar Orampati IT Lead | ISO20022 | SWIFT | Global Payments at MUFG Union Bank, N.A

Cgap examines the future of mobile banking..

Good to see the Cgap examines the future and growth of mobile banking customers. Examination toward the Anti Money laundering needs to be addressed to review KYC standard paramters for mobile banking customer to have easy reconciliation on every movement of instructions.

20 November 2009 /regulation

Retired Member 

SWIFT Opening up?

The final full day of Sibos, and at last I get to the subject of standards. It had to come eventually! Today, I went to a very interesting session on implementing SWIFT standards, which included panelists from SunGard, Clearstream, Oracle, IBM and JP Morgan. For years, vendors have been asking SWIFT to make their standards easier to implement – FIN...

17 September 2009 /sibos

Retired Member 

MT202 - More transparency, or more work?

SWIFT’s new standards changes go live on 21st November 2009. Talking about this yesterday, I started thinking about the three key areas that SunGard think are critical for 2010 – Transparency, Efficiency and Networks. What the community is trying to achieve with SWIFT’s MT202 is a great example of the first, transparency. Sitting in some of the ...

17 September 2009 /payments /sibos

Retired Member 

Why did it take so long?

That’s the question that Joseph Yam, CEO of the Hong Kong Monetary Authority, asked the Sibos audience in this afternoon’s welcome address. Specifically, why did it take so long for Sibos to come back to Hong Kong, having last been here 18 years ago? (I agree we should have come back sooner! ) Mr. Yam reflected on the witnessed over that time. Ref...

14 September 2009 /regulation /sibos