Exploring central bank digital currencies: How they could work for international payments
The emergence of central bank digital currencies (CBDCs) is gathering speed, with more than half of the world’s central banks actively considering their introduction. The reasons are varied: to compensate for the reduced use of physical notes; to improve payments in digital retail; to respond to private cryptocurrencies that could threaten the role of fiat money; and to improve resilience and reduce risk in wholesale markets – among many others
Swift ISO 20022 Migration Study, Summary of responses
Following the initial analysis, Swift launched a large scale community consultation in April to seek feedback on all aspects of the ISO 20022 migration. Download the report to discover the outcomes of this consultation.
Digital ecosystems in Trade Finance: Seeing beyond the technology
Global trade continues to recover following the dip caused by the financial crisis. Of course, trade volumes are currently threatened by a slowing global economy, trade tensions between the US and China, and the real possibility of a no-deal Brexit. But the long-term outlook remains positive. Supply chains are continuing to become more international, drawing on many parties from around the world.