Harmonised standards are essential for integrating domestic instant payment systems into a global payments ecosystem, ensuring faster, cheaper, and transparent cross-border transactions. Swift’s Mike Truter, Director of Market Infrastructure Communities & Standards Services, explains.

Find out the answer to some of the key questions about Universal Confirmations, download the rulebook, and find out how you can get further help.

To reduce the costs of post-trade, the FX industry will either have to replace or evolve legacy technology. To do this, there needs to be a common strategy. At a recent Swift webinar moderated by Dominic Hobson, industry experts debated how the foreign exchange industry should respond to pressures to increase efficiency and reduce costs. This is the first article in a two part series detailing the ideas shared at the webinar.

New initiative to improve the payments experience for consumers and SMEs, making them faster, more transparent, easier and competitively priced.

Fraud is more than simply a cybersecurity concern.

The start of the migration to ISO 20022 for cross-border payments and reporting in March 2023 marked a significant milestone for the payments industry. It showcased some of our core values around operational excellence, innovation, and close collaboration with our community being demonstrated with action. Since the start of coexistence, an average of 600,000 ISO 20022 messages were exchanged every business day between 1,000+ sending institutions and 5,600+ receiving institutions in more than…

ISO 20022 usage continues to gain momentum. Since the start of coexistence, an average of 620,000 ISO 20022 messages have been exchanged every single business day on our network. And this between 1,200+ sending institutions and 5,800+ receiving institutions in over 200 countries. If you’d like to learn more, you can find a monthly summary of the key migration statistics in the ISO 20022 Document Centre. And in just a few weeks, Transaction Manager will finish with its live traffic build-up…

After much deliberation, the judges are pleased to announce that BNY Mellon and Exactpro are this year’s Swift Hackathon 2022 winners. So, what approach did these winning teams take – and how did they find the Hackathon experience?

Breakthrough solves major challenge in digital ecosystem development Shows how digital currencies and assets could be used at scale across borders by leveraging existing financial infrastructure 14 central and commercial banks already testing new CBDC solution

Christian Sarafidis, Swift’s chief marketing officer, explains how Swift can help to reconcile competing challenges for the financial services community.