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Latest Results from /sibos

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McKinsey: Firms should prepare for the ‘inevitable changes’ of CBDC

McKinsey’s annual Global Payments Report released on day one of Sibos 2021, outlines a positive, albeit unbalanced, return to growth across the sector after Covid-19, underscoring the action firms should take in anticipation of widespread digital currency adoption.

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UniCredit and JP Morgan employ Swift Go for payments between Europe and US

Utilising the banking cooperative’s low value remittance solution, UniCredit and JP Morgan have partnered to allow small businesses and consumers send fast and secure near real-time cross border payments at a competitive price with Swift Go.

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Sibos 2021: Finextra's bespoke channel to deliver tailored conference highlights

Since 2003, Finextra Research has partnered with Swift to bring you a special-purpose financial services news channel, designed to keep Sibos attendees and the wider global banking community up-to-speed with news and views direct from the conference.

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BIS: CBDC and DLT combo outperforms correspondent banking system

A prototype of multiple central bank digital currencies (mCBDCs) developed by the Bank for International Settlements and four central banks has demonstrated the potential of using digital currencies and distributed ledger technology (DLT) for cheaper and safer cross-border payments and settlements.

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Swift hires JPMorgan Chase's Hunter to lead Americas and UK business

Swift has appointed John Hunter, the former boss of JPMorgan Chase's global clearing services, as its chief executive of the Americas and UK region.

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Canada's high-value payment system launches

Payments Canada has launched Lynx, the country's new high-value payment system, which has been built with technology partners IBM and SIA.

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Reserve Trust secures $30.5 million Series A

Reserve Trust, an alternative to banks for companies wanting to access real-time payment rails, has secured a $30.5 million Series A investment, led by QED Investors with participation from FinTech Collective and Ardent Venture Partners

/Sibos

Swift appoints former Standard Chartered Ciso Cheri McGuire as CTO

Banking co-operative Swift has appointed Cheri McGuire, the former group chief information security officer of Standard Chartered, as CTO.

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Swift takes on low-value cross-border payments

Banking co-operative Swift is moving into the low value remittance market with the launch of Swift Go, a service that enables consumers and small businesses to send near real-time payments anywhere in the world direct from their bank accounts.

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EBAday 2021: Payments innovation and the benefits cascading down the waterfall model

EBAday 2021 has flown by, and the sessions throughout day three of the event served to build on the momentum from day one and two. Another punchy strategic roundtable addressed the need for industry-wide collaboration to drive payments innovation, while two boisterous chatrooms tackled the weighty subjects of Open Banking, CBDCs and stablecoins.

/Sibos

EBAday 2021: Modernisation, a catalyst for payments utopia

With day two now under our belt, we are only just beginning to digest the eyewatering number of insights shared across six panel sessions, two roundtables, a lively chatroom forum and of course, non-stop networking on the EBAday platform.

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Big banks back Swift's new platform and ISO 20022 roadmap

Messaging network Swift has secured support from six leading global banks for the forthcoming roll out of its new transaction management platform, which is set to go live in November 2022.