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Today, 90% of cross-border payments sent over the Swift network reach destination banks within an hour. But more work must be done at the beneficiary leg of the journey in the receiving country to meet the G20’s end-to-end processing target for international payments, Swift network data shows.

Starting in January 2025, we’ll be rolling out an AI-powered fraud detection capability that aims to help the financial industry tackle increasingly sophisticated forms of financial crime.

Starting next year banks across North America, Europe, and Asia will embark on live trials of digital assets and currency transactions over the Swift network.