Banks see “clear potential and value” in Swift’s experimental CBDC connector after sandbox collaboration
Swift innovation enables CBDCs to move seamlessly on existing financial infrastructure and efficiently scale for international transactions across more than 200 countries
18 central and commercial banks encourage continued development after nearly 5,000 CBDC-to-CBDC and CBDC-to-fiat simulations over 12-week period
Swift will build beta version for further testing and explore additional use cases in securities settlement and trade finance
Swift Securities View rapidly gains momentum in drive towards seamless post-trade settlement
Launched in January, Swift Securities View enables clear tracking across all steps of the settlement process
34 of world’s biggest institutions have signed up, representing 630 million securities transactions per year
Global participants include HSBC, BNY Mellon, and Nomura Asset Management
Growth in Africa outperforms Swift global growth and data shows rising intra-Africa volumes
Figures released on the eve of the 22nd Swift African Regional Conference provide evidence of Africa’s growth and development of intra-Africa corridors.
Standards Releases
Swift’s Customer Security Programme (CSP) is well underway. What has it achieved to date, and what are the next key milestones?
Stephen Gilderdale, Head of UK, Ireland and Nordics, and Tony Wicks, Head of AML Initiatives, discuss how Swift’s Customer Security Programme and financial crime compliance services portfolio are helping members bolster cyber security for themselves, their counterparties and the community.
Swift history
… completing the Distributed Architecture programme; and following its launch in 2011 FIN Renewal remains well …
Swift2015 exceeded high expectations
With Swift2020, the cooperative aims to deliver even more to its community.
Swift Go builds momentum as 100+ banks sign up for service that powers SME and consumer payments
China Minsheng Bank, Deutsche Bank and JPMorgan Chase are latest to go live to support small businesses and consumers with fast, secure, predictable cross-border payments
Rapid adoption of Swift Go since launch in July reinforces Swift strategy for instant, frictionless cross-border transactions
Cass report identifies challenges and opportunities for Dubai as an International Financial Centre
Dubai, 17 September 2013