Swift - News, Articles & Research

Swift and ICC bid to create industry standard for ESG due diligence

Swift's KYC Registry has become the first market utility to embed the International Chamber of Commerce’s (ICC) Sustainable Trade Finance Guidelines, making it easier for financial institutions to identify environmental, social and governance (ESG) risks in their supply chains.

10 March 2021

Company announcement/payments

Western Union integrates with Swift gpi

Western Union Business Solutions, the payments arm of the Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, announced the expansion of its global capabilities, bringing faster and more transparent payment services to business customers. Western Union Business Solutions has integrated SWIFT Global Payment Initiative and increased its international currency options within its WU Mass Payments API to 130.

25 February 2021

News/people

SETL hires former Swift and Ripple exec Marjan Delatinne

Blockchain settlement and payment infrastructure provider SETL has hired former Ripple executive Marjan Delatinne to lead its payments business.

25 February 2021

News/payments

BIS and Swift to host ISO 20022 hackathon

The Bank for International Settlements and Swift are to run an ISO 20022 and API hackathon in a global search for new ways to make cross-border payments faster, cheaper and more transparent.

17 February 2021

Company announcement/payments

Pelican supports Swift low-value payments project

Pelican today announced its support for SWIFT as it develops a new service for low value cross-border payments.

11 February 2021

News/crypto

Swift and China's central bank form JV

Swift has set up a joint venture with the Chinese central bank's digital currency research institute and clearing centre.

08 February 2021

News/payments

Swift Community Update: Payments transformation in the UK

Financial institutions in the UK have faced a variety of challenges this year, including the complexities of the geopolitical environment and new and challenging macro factors caused by Covid-19 that will extend into the coming years.

14 December 2020

Company announcement/payments

BofA launches cross-border payment tracker; expands Swift gpi support

Bank of America, a charter member of SWIFT Global Payments Innovation (gpi), announced today the launch of a CashPro® self-service tool that allows clients to have real-time visibility into their international payments.

10 December 2020

News/payments

Lloyds Bank is first in the world to connect to Swift gpi Instant

Lloyds Bank in the UK has become the first bank to switch on Swift gpi Instant, a new service from the Brussels-based interbank co-operative that enables consumers and businesses to send tracked payments in seconds across borders.

02 December 2020

Finextra TV/payments

The benefits of SWIFTs bold new transaction management model

Harry Newman, Head of Payments Strategy, SWIFT, speaking during EBAday 2020 about the recent announcement made by SWIFT about a bold new strategy that involves moving from messaging towards a transaction management model, what the strategy will entail, the challenges it addresses, and how it will benefit financial institutions and their end customers.

26 November 2020

News/payments

EBAday 2020: Lack of technical understanding a challenge for ISO 20022 adoption

Despite being waist-deep in its transition toward ISO 20022, the migration strategies held by financial institutions and schemes are still riddled with complexities.

25 November 2020

Finextra TV/payments

The road ahead for RTGS Replacement & Message Standards

Sean Devaney, Vice President, Banking and Financial Markets, CGI, speaks during EBAday 2020 about the RTGS replacement programme, what the Bank of England is doing about the delays that SWIFT has announced to the ISO20022 roll out for international payments and what should they & the member banks be focused on.

25 November 2020