Insights

This year’s Swift Hackathon saw teams from around the world sharing new ideas to explore how standards can accelerate the adoption of digital assets.

As customer expectations continue to rise and financial services become increasingly digital, Swift at Sibos will explore how institutions can deliver better outcomes while maintaining the trust on which global finance depends.

Rich, structured data is fundamental to the future of cross-border payments, enabling greater automation, more effective compliance screening and improved transparency and services for end customers. Swift is strongly committed to ISO 20022 as the foundation for that future and is supporting the industry throughout its multi-year migration journey.

More than 98% of payment instructions are now sent in the ISO 20022 format, following the transition from the MT standard last year, putting the industry in a strong position as it moves forward.