News

Reference Data Management Maturity: Ripe for Change

How regular testing and tuning can give you sanctions compliance peace of mind

Industry experts discuss sanctions compliance best practice in this new SWIFT info paper.

SWIFT Business Forum London

2016: A pivotal year for Blockchain

Observations from the DLT experts at the SWIFT Business Forum London

mySWIFT Banner

SWIFT’s operational portal now at your fingertips: mySWIFT

Securities

Global securities reporting: Industry trends, challenges and future perspectives

DLT

SWIFT and Accenture outline path to Distributed Ledger Technology

New paper analyses the opportunities and challenges of distributed ledger technology in financial services; identifies key factors for success

    Compliance

    Searching for the synthesisers

    What role can third-party solutions such as ‘RegTech’ and industry utilities play in helping banks tackle regulatory compliance reporting challenges?

    Business Forum

    Business Forum Frankfurt 2016 - Building for the Future

    200 members of German SWIFT community gather to discuss the future of the financial industry.

    Business Forum

    Innovation and compliance top agenda at Moscow Business Forum and ROSSWIFT AGM

    Moscow Business Forum and Rosswift AGM bring together over 400 participants under the theme “Innovating today for a stronger future”

    Business Forum

    Innovation and compliance top agenda at Moscow Business Forum and ROSSWIFT AGM

    Moscow Business Forum and Rosswift AGM bring together over 400 participants under the theme “Innovating today for a stronger future”

    Compliance

    Compliance – what lies ahead?

    FATF Recommendation 16, Compliance ‘attestations’ spark discussion at Business Forum London

    Innotribe

    2016: A pivotal year for Blockchain

    Visitors to the SWIFT Business Forum London 2016 would have been forgiven for experiencing a few Sibos 2015 déjà vu moments – standing room-only Blockchain sessions, “DLT” (distributed ledger technology) speaker references left, right and centre, and a flurry of #Blockchain sound bites punctuating the Twitter dialogue.

    Standards Forum

    How does ISO 20022 enable innovation in ASEAN/Asia Pacific?

    As the ASEAN region moves towards financial integration, the adoption of common standards has never been so pressing. With a strong focus on harmonisation and automation, SWIFT is committed to support the community with regional standards integration. As the registration authority for ISO 20022, SWIFT plays an active role in various market practice groups and initiatives to promote best practices and facilitate standards integration.

    Company Information

    SWIFT’s Annual General Meeting of Shareholders – 9 June 2016

    The 2016 AGM is a great opportunity for Shareholders to meet the SWIFT Board of Directors and Executive members. Shareholders who are not able to attend are invited to return their proxy forms to SWIFT, at least 24 hours prior to the meeting.

    Securities

    Global securities reporting: Industry trends, challenges and future perspectives

    Jonathan Ehrenfeld, Securities Market Manager at SWIFT, has recently had a paper accepted in the Journal of Securities Operations and Custody which explains how global standards are needed in securities reporting.

    SWIFT Index

    SWIFT’s operational portal now at your fingertips: mySWIFT

    mySWIFT is your new one-stop shop to help you manage your SWIFT products and services, keep track of your order and invoices, and access online support.

    Business Forum

    Build the future

    1,200 people join the SWIFT Business Forum London to shape the future of financial services

    Standards

    SWIFT supports ISO 20022 harmonisation best practice through MyStandards

    SWIFT:
    • Publishes ISO 20022 harmonisation best practices
    • Publishes ISO 20022 Real-Time Payments message schemas in line with market practice on MyStandards
    • Launches market practice evolution for ISO 20022 High Value Payments messages

    Careers

    Life and work in Kuala Lumpur – a conversation with Tanguy Thiran

    Life and work in Kuala Lumpur

    Business Forum

    Philippines aiming for inclusion with modernisation and standardisation

    Over 400 gather at Philippines Business Forum. Community address pressing issues of technology and compliance versus their ambitions of internationalising Philippines.

    Business Forum

    SWIFT Business Forum Switzerland urges banks to embrace collaborative innovation

    Swiss financial community comes together to discuss innovation, transformation and the need for collaboration to secure the future of our industry

    Standards

    New ‘Change Request Forum’ will enhance the standards maintenance process

    SWIFT introduces the standards ‘Change Request Forum’

    Interfaces and Integration

    Advanced Functional Enrichment for AMH is delivered by Release 3.4

    A number of features and enhancements are delivered in the March 2016 release that further elevates the performance of AMH, providing additional benefits for customers across the community.

    SWIFTRef

    SWIFT delivers global reference data platform for SEPA IBAN Only in the UK

    Payments UK commissions SWIFTRef for national SEPA data collection and maintenance

    Payments

    The Indian financial community gathers to celebrate at SWIFT India’s Go Live Ceremony

    SWIFT India went officially live on 3rd of March 2016. This formation as a joint venture is fully committed to serving and addressing domestic market needs, in partnership with the top 9 public and private banks of India.

    SWIFTRef

    Reference Data Management Maturity: Ripe for Change

    A new white paper shares relevant insights from a recent SWIFTRef customer roundtable

    Company Information

    SWIFT publishes 2015 UN Global Compact Communication on Progress

    SWIFT is committed to conducting business in a sustainable way. This report to the United Nations Global Compact (UNGC) presents SWIFT’s 2015 sustainability achievements as well as our human rights, labour, environment and anti-corruption policies.

    Company Information

    Welcome to the new swift.com!

    A new year, a new site – Discover, explore, enjoy

    Business Intelligence

    New research highlights currency usage and trends in global payments

    US dollar continues to dominate, while the UK holds its position as a leading financial centre.

    Compliance

    ING joins SWIFT’s KYC Registry

    Nearly 2,000 correspondent banks are now using SWIFT's Registry to streamline Know Your Customer compliance

    Corporates

    Intesa Sanpaolo signs up for SWIFT’s 3SKey solution

    Intesa Sanpaolo to use SWIFT's 3SKey to provide secured personal digital signatures and strong user authentication to its corporate clients

    Corporates

    Deutsche Bank streamlines secure online authentication for corporate clients

    Deutsche Bank's extends the use of SWIFT's 3SKey service.

    Business Forum

    Interoperability and innovation drive agenda at 6th SWIFT Business Forum Romania

    The forum has become an important fixture in the yearly agenda of the Romanian banking industry.

    Compliance

    SWIFT2020: from planning to execution

    SWIFT's recently published strategy, "Grow the core, build the future" sets out an ambitious agenda for the next five years.

    Business Forum

    The Chinese road to platform disruption

    How China’s FinTech players will change how the world thinks about banking

    Sibos

    Welcome to Sibos Singapore!

    As SWIFT’s chief executive for the Asia-Pacific region, it is a personal pleasure to welcome Sibos back to Singapore.

    Business Forum

    Innovation and financial sector evolution top the agenda at Business Forum Madrid

    Almost 250 delegates discuss the impact of new entrants, industry developments and disruptive technologies on the Spanish financial services industry

    Company Information

    Gottfried Leibbrandt: The Banker and The Finanser interviews

    SWIFT CEO previews this year's Sibos and talks about all things blockchain

    Regional Conference

    SWIFT’s LARC highlights the pressing need for cross-border collaboration amid the regulatory changes and volatility in the region

    Newly appointed Chief Executive, Javier Perez-Tasso, reaffirms SWIFT's steadfast commitment to the Latin American community

    MyStandards

    Deutsche Bank signs up for MyStandards Readiness Portal

    Deutsche Bank is simplifying its technical client onboarding processes by introducing the Readiness Portal to its MyStandards offering.

    Corporates

    Transforming the business of banking

    Exploring SWIFT's strategy for corporates

    Sibos

    SWIFT Auditorium sessions at Sibos: Your chance to discover SWIFT’s award winning financial crime compliance portfolio!

    Find out how SWIFT's compliance solutions can help your institution increase effectiveness and efficiency and reduce costs.

    Business Intelligence

    SWIFT Business Intelligence reaches another milestone

    10 years of analysis and business expertise to the financial community

    Innotribe

    Fabian Vandenreydt named as one of the 40 leaders of fintech in Europe

    When Fabian Vandenreydt took over management of SWIFT's innovation programme at the end of 2013, it placed him at the heart of the fintech sector - a position recognised by the Financial News inaugural power list of the most influential and innovative individuals in emerging financial technology in Europe.

    Sibos

    SWIFT at Sibos 2015

    Sibos is the perfect opportunity to engage with SWIFT.

    Corporates

    UniCredit’s Wohlgeschaffen to join SWIFT’s Corporate Advisory Group

    The Global Head of Trade Products at UniCredit shares his views on SWIFT's role in the corporate market.

    Payments

    New paper from the SWIFT Institute examines the instability of large Bitcoin mining pools

    SWIFT Institute research shows that smaller Bitcoin mining pools may lead to a more stable ecosystem for the digital currency.

    Data Privacy

    Protect your personal data – email phishing

    Phishing emails attempt to acquire sensitive information such as usernames and passwords often for malicious reasons, by masquerading as a trustworthy entity (such as SWIFT or your personal bank) in an electronic communication. We strongly recommend you to be vigilant about this fraudulent practise.

    Business Forum

    Inaugural SWIFT Business Forum Brazil a rousing success

    SWIFT Business Forum Brazil underscores the growing need for standardization as Brazilian capital markets seek to seize the opportunities posed by internationalization.

    Payments

    Creating common practices with the LITF Intraday Liquidity Reporting rule book to comply with BCBS 248

    LITF has developed with the support from SWIFT an Intraday Liquidity Reporting rule book to support compliance with BCBS 248.

    Business Forum

    Business Forum East Africa highlights regional potential

    Financial inclusion, securities markets and regional harmonisation some of the important topics unpacked in Nairobi.

    Standards

    Preparing Customers for the SWIFT Standards Release 2015

    Every year, the annual standards release ensures that the messages exchanged by SWIFT users remain suitable for the business areas in which they are used. The Standards Release has a global impact on information systems across the financial services industry. The annual Standards Release deployed for FIN messages, impacts institutions at different levels, from the interface used to connect to SWIFT to back-office applications, to business flows and processes.

    Innotribe

    2015 Innotribe Startup Challenge run its last Regional Showcase in New York

    All finalists have now secured their passes for the Finale at Sibos.

    Interfaces and Integration

    Nordnet first in Sweden with electronic mutual fund transfers

    Nordnet together with Fidelity are the first in Sweden to introduce electronic mutual fund transfers via SWIFT.

    Innotribe

    Millennials and the future of finance: A different kind of trust

    Trust is the most important currency in finance. It is fundamental to the smooth running of every financial system in the world, and that is always likely to be so. However, a generational shift is underway that is challenging and reinventing notions of trust in financial services.

    Corporates

    Innovate or lose out - In Conversation with André Casterman, SWIFT

    SWIFT recently hosted its annual "SWIFT for Corporates" User Conference in London.

    Standards Forum

    The benefits and challenges of being an ISO 20022 pioneer

    During a recent roundtable discussion, representatives of Russia’s National Settlement Depository, SWIFT and the Russian National SWIFT Association (ROSSWIFT) explored the opportunities – and the obstacles – on the road to ISO 20022 adoption.

    Funds

    Going the last mile with funds industry automation

    In the spirit of collaborating to eliminate remaining pockets of manual processing in the funds industry, Allianz Global Investors is working with SWIFT to encourage distributors and fund managers to connect using Alliance Lite2.

    Business Forum

    Poland strengthens its position as a financial hub for CEE

    Third SWIFT Business Forum in Warsaw looks at recent developments in Poland’s economy and market infrastructure landscape and assesses how well it is prepared for the future.

    Innotribe

    2015 Innotribe Startup Challenge was in Singapore for the fourth consecutive year

    15 semi-finalists competed in Singapore to secure their passes for Sibos.

    Innotribe

    Power Women in FinTech

    Bridging the gender diversity gap.

    Payments

    De-crypting cryptocurrencies

    Part of SWIFT’s mandate is to debate issues of mutual interest – so where we can, we will help to accelerate, collate or disseminate analysis that helps our members deploy innovation successfully. We also use our experience and analysis to help our Community to consider the practical implications of new business models, taking into account key factors such as evolving business demands, security, and compliance requirements.

    Regional Conference

    ARC shows regional projects progressing and showcases African FinTech talent

    Biggest ever ARC celebrated real progress towards regional integration and other goals but pointed out further steps needed to continue driving the inclusive growth agenda.

    Innotribe

    2015 Innotribe Startup Challenge ran its first showcase in Africa

    15 semi-finalists competed in Cape Town during SWIFT African Regional Conference.

    Innotribe

    The time to boost innovation capabilities is now

    KCIs help organisations to succeed in the 21st century.

    Business Forum

    Regulation and innovation drive agenda of second SWIFT Business Forum Frankfurt

    Discussions on financial crime compliance, RMB, ISO 20022 and real-time payments attract 170-strong audience.

    Standards

    Continuing the ISO 20022 story in Indonesia

    The first Standards Forum Indonesia gathers more than 160 participants.

    Payments

    Implementing the BCBS intraday liquidity monitoring tools with SWIFT

    18 May 2015

    Standards

    Market infrastructures and SWIFT drive ISO 20022 market harmonisation

    SWIFT hosts ISO 20022 MI Summit.

    Business Forum

    SWIFT Business Forum London 2015: Harnessing change in financial services

    Fintech disruption, real-time payments and the ‘customer journey’ top packed agenda as 1100 attend fifth annual event.

    Business Forum

    Compliance and standards top the agenda at biggest ever Moscow Business Forum

    The sixth SWIFT Business Forum in Moscow took place at the Lotte Hotel on 16 April 2015. Organised for the second year running in conjunction with the ROSSWIFT (Russian national SWIFT member and user group) AGM, the event pulled a record 420 plus delegates, making it SWIFT’s second largest business forum after London, a ranking in perfect keeping with Russia being SWIFT’s second largest user community.

    Business Forum

    Business Forum Canada 2015

    Expect the unexpected.

    Innotribe

    2015 Innotribe Startup Challenge kicked off in London!

    On 22 April, 15 semi-finalists of our 2015 programme came to London to pitch their innovative ideas to an audience of global industry experts and bank decision-makers.

    Standards Forum

    New York Standards Forum and MyStandards User Group Meeting

    More than 100 standards enthusiasts and MyStandards users gathered in New York to discuss latest development and evolution of standards, exchange information and ideas, share experiences and network with peers.

    Banks

    Important Milestone for T2S

    First Market Infrastructure Live with ISO 20022 Messages.

    Business Forum

    SWIFT Business Forum Switzerland explores 2020, big data, compliance and standards

    The 117-strong audience engaged in lively discussions about SWIFT’s current and future strategy to meet customer needs with innovative solutions.

    Compliance

    Frankfurt KYC Registry event attracts 70 compliance experts

    Discussions highlight German banks' interest in community solution to reduce effort and cost of KYC compliance for correspondent banking.

    Innotribe

    Banking 2015: Is digital even more of a priority than regulation?

    Innotribe explores the startup trends set to have an impact on financial services.

    Business Forum

    Nordics Regional Conference explores the impact of disruption on financial services

    Bankers gathered at SWIFT event in Copenhagen are told that the future is bright, but they must open their eyes, never succumb to complacency, and be prepared to fight.

    Interfaces and Integration

    French asset manager OFI AM live on SWIFT

    The integration of Alliance Lite2 by BMSoftware enabled OFI Asset Management to exchange its first messages over SWIFT less than two months after the launch of the project.

    Business Forum

    Business Forum New York 2015

    A week of events brings the community together to navigate challenges and explore opportunities.

    Compliance

    SWIFT Profile now available for KYC Registry users

    Unique report helps banks improve the effectiveness and efficiency of their KYC compliance activities.

    Treasury

    Harnessing timely data for better FX decisions

    Today SWIFT announces the publication of a new information paper that demonstrates how SWIFT’s FX confirmation data can offer a timely and rich additional source of information for FX market analysts. By looking at the established benchmark report in the industry – the triennial BIS survey – this paper confirms many of their findings against SWIFT data, and also offer further insights into past FX developments.

    Support

    SWIFT Explained – Customer Support launches ‘How to’ videos

    There is a clear global trend now for people to go to video sites such as YouTube to get an easy to understand explanation of a topic, for everything from cooking a meal to collapsing a tent, without having to read reams of text.

    Premium Services Forum

    PSF community focuses on building for the future

    The recent Premium Services Forum (PSF) in Paris brought together SWIFT's Premium Suite customers to explore how to harness technology change and ensure ongoing operational excellence

    Business Forum

    SWIFT Business Forum Romania explores compliance and innovation

    More than 140 attend fifth annual event to share insights into payments and securities market developments.

    Payments

    BCG and SWIFT publish annual Global Payments report

    Global Payments 2014 report offers a comprehensive overview of the payments and transaction-banking industry.

    Compliance

    Italian community highlights relevance of SWIFT in compliance

    Milan conference confirms standardised solutions to common challenges will help Italian banks to meet compliance challenge.

    Business Forum

    SWIFT Business Forum Singapore discusses Lion City’s role in the era of global re-regulation

    ASEAN is becoming a major economic powerhouse in the region, with Singapore being the leader on many fronts. SWIFT Asia Pacific organised a business forum in Singapore on 9th July. More than 280 delegates came for a full day of information sharing, interactive discussion and networking with SWIFT staff and the local community from financial institutions, market infrastructures, technology partners and multinational corporations.

    Corporates

    Standards and market practice key for corporate actions automation success

    SWIFT joins calls for more collaboration at CorpActions 2014 conference.

    Standards

    Strong client engagement at the third MyStandards User Group

    There were many smiling faces at the MyStandards User Group event at SWIFT's headquarters in Belgium on Tuesday 21 and Wednesday 22 October 2014.

    Business Forum

    Japan Business Forum returns to Asia Pacific region this year

    More than 300 delegates from leading global and local banks, securities firms, corporates, regulators, technology partners, consulting and research companies gathered in Tokyo on 4 June after the national member group asked for SWIFT to bring back the Business Forum after two years' absence.

    Securities

    Market participants embrace the direct route to T2S as 2015 deadline approaches

    As activity among market participants choosing to directly connect to T2S intensifies, new SWIFT research looks at the benefits of taking the direct route to T2S and the opportunity to build new business models, access new markets more easily and deliver new services to clients, which are being explored by the first wave of pioneering Directly Connected Participants (DCPs).

    Sibos

    SWIFT2015 exceeded high expectations

    With SWIFT2020, the cooperative aims to deliver even more to its community.

    Sibos

    Make plans now for Sibos 2015 in Singapore

    Over the past few years, the world's financial media have observed and commented on a gradual shift in the global economic centre of gravity from West to East. "This shift is reflected in our customers' activity," says Alain Raes, Chief Executive, Asia-Pacific & EMEA, SWIFT. "The region is increasingly important to SWIFT and its community."

    Sibos

    Intelligent innovation

    SWIFT CIO Mike Fish believes that SWIFT's critical importance to the global financial infrastructure is no bar to mastering the latest technologies.

    Sibos

    Welcome to Boston!

    As a former resident of the city's historic North End, Chris Church is ideally placed to welcome Sibos delegates back to Boston. And as both chief executive, Americas, and global head of securities at SWIFT, he believes Boston provides the perfect backdrop for an event that reflects the diversity of SWIFT's client base and the challenges that lie ahead of them in growing business while adapting to a rapidly evolving regulatory environment.

    Sibos

    EMEA: Still evolving, still growing

    The EMEA region sits at the heart of SWIFT's business, containing many of SWIFT's biggest markets. But even if EMEA holds some of SWIFT's most mature markets, it still has huge scope for growth and development, whether through finding solutions to industry challenges or in expanding into new and growing markets.

    Data Privacy

    Protect your personal data – email phishing scams

    Data phishing emails attempt to imitate a trusted source, such as SWIFT or your personal bank, and request you to send personal data. We ask you to be vigilant about this fraudulent practice.

    Standards Forum

    The Standards Forum takes to Asia

    Two stops: Singapore and Beijing

    Compliance

    Banks ‘better together’ on KYC

    Technology and collaboration are key for banks facing a zero tolerance policy on financial crime compliance, delegates were told at SWIFT's 2014 London Business Forum. Steve Allen, head of global payments at Barclays, said accuracy of data must be the banks' number one priority across know-your-customer (KYC), anti-money laundering (AML) and sanctions compliance.

    Sibos

    Check out the preview edition of SWIFTat Sibos

    Learn how SWIFT is addressing the community's needs - and what to see and hear at Sibos.

    Trade

    Leading technology innovation in the Trade industry

    SWIFT has recently been recognised for two very prestigious awards in the trade finance sector. For the second year running, SWIFT received a Silver Award from Trade and Forfaiting Review (TFR). SWIFT’s André Casterman also accepted the TFR Fellowship award for outstanding services to trade finance.

    Business Forum

    The Filipino community comes together to celebrate 30 years of collaboration with SWIFT

    What better time to hold our first-ever Philippines business forum than on the occasion of our 30th anniversary of being in the country.

    Regional Conference

    African Regional Conference highlights drive for intra-Africa development

    SWIFT’s African Regional Conference 2014 in Marrakech attracted more than 350 delegates from 45 countries for discussion about Africa: The Next Frontier with policy makers and senior bankers from across the continent. A packed exhibition hall with 15 solution providers offered additional opportunities for delegates to find out what is on offer across their continent.

    Standards Forum

    Talking Standards in Utrecht

    First Standards Forum organized in the Netherlands, kindly hosted by Rabobank Nederland.

    Business Forum

    Business Forum Turkey highlights the country’s potential as a financial centre

    The inaugural SWIFT Business Forum Turkey attracted more than 150 participants and brought together policy makers, senior bankers and academics to discuss Turkey on the Global Stage. A day of lively discussion highlighted the immense opportunities present in Turkey in terms of natural geopolitical advantage and economic potential and resilience, as well as the challenges facing the country as it moves to achieve its ambitions.

    Payments

    SWIFT publishes new white paper on resiliency

    SWIFT announces the publication of its latest whitepaper ‘Reducing Risk and Increasing Resilience in RTGS Payment Systems’.

    Securities

    T2S conference highlights need for investments today to secure survival tomorrow

    “TARGET2-Securities (T2S) is not A project – it is THE project”, because of its size and strategic implications. It is a mistake to view T2S as a technical project only: market participants of all types must decide what they want to be “when they grow up”. If they ignore the strategic aspects, they will end up outside the train, watching it move away – and the T2S train WILL leave the station so all players, including indirectly connected participants (ICPs), must be on board.

    Regional Conference

    LARC 2014 - Unlocking the power of collaboration

    Mexico City was the backdrop of the third annual Latin American Regional Conference (LARC) which took place on the 28 and 29 May 2014.

    Securities

    SWIFT helps industry drive harmonisation benefits of T2S

    One of the many promised benefits of the new pan-European settlement system TARGET2-Securities (T2S) is that it will drive harmonisation across the post-trade securities environment in the Eurozone and beyond. A crucial element of harmonisation is standardisation. In the case of T2S, the CSDs and banks (directly connected participants (DCPs)) that will communicate directly with the new platform must use ISO 20022 formatted messages to do so.

    Treasury

    Matching of Derivative confirmations – now extended to Commodities Options

    SWIFT is pleased to announce the launch of Commodities Options on Accord – the leading real-time matching service.

    Trade

    Trade industry progressing towards digitisation

    Success stories with MT 798 and BPO demonstrate increasing demand for - and adoption of - SWIFT’s multi-banking trade solutions by corporates and banks.

    Business Forum

    Reaping the benefits of market reform in the Russian financial market

    Welcoming over 220 delegates to what has now become a yearly SWIFT Business Forum appointment in Moscow, Matthieu de Heering, Head of Russia, CIS and Mongolia ran through the agenda for the day, part of which was dedicated to the ROSSWIFT (Russian national SWIFT member and user group) AGM, and gave an overview of the growth of the Russian market on SWIFT, both in terms of users and traffic volumes.

    Business Forum

    German SWIFT community gathers at first Business Forum in Frankfurt

    In his welcome address Jürgen Marstatt, Head of SWIFT Germany, heralded a dual first for the German SWIFT Community: the first SWIFT Business Forum taking place in Frankfurt and the first time that the SWIFT Germany AGM has been combined with a Business Forum.

    Payments

    Banks and corporates use SWIFT for OTC derivatives reporting

    At a time when financial markets participants are struggling to handle multiple new regulatory requirements, notably in the Over-The-Counter (OTC) derivatives space, many are finding that they can leverage existing SWIFT services and capabilities.

    Business Forum

    Compliance and cyber drive agenda at SWIFT Business Forum London

    Opening the fourth annual SWIFT Business Forum London on 29 April Alderman Fiona Woolf, the 686th Lord Mayor of the City of London (and the first woman to hold the post), addressed a packed plenary room at London's The Brewery. She welcomed delegates, who had turned out in record numbers despite the travel challenges created by a 48-hour strike on London Underground. She then highlighted the relevance of the theme for the forum - Doing good business in an era of re-regulation - as "one that captures the challenges we face, but also hints at the opportunities as well".

    Business Forum

    Business Forum Canada 2014 is focused on the future

    The SWIFT Business Forum Canada 2014 took place in Toronto on 7 April.

    Funds

    Steady rise in standardisation of cross-border funds processing in 2013

    The European Fund and Asset Management Association (EFAMA), in collaboration with SWIFT, has today published a new report on the evolution of the automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland in 2013. This report, entitled "Fund Processing Standardisation" , underscores the industry's commitment to move away from manual processes towards more efficient automation and standardisation practices.

    Corporates

    Bank readiness certification - an essential tool for multi-banked Corporates

    To give corporate customers insight into the readiness of their banking partners, and allow them to take advantage of the benefits of their SWIFT connection, SWIFT manages the bank readiness certification programme. Certification gives corporate customers a clear view on the SWIFT capabilities of their banking partners around the world.

    Standards

    SWIFT and LSE debate the future of financial standards at Level 39

    What role can standards play in enabling the industry to meet its latest challenges? And what needs to happen for the full benefits of standardisation to be realised?

    Company Information

    Indian financial community celebrates launch of SWIFT India

    SWIFT India Domestic Services (“SWIFT India”) was officially launched at a press conference on 7 March in Mumbai by SWIFT India Chairman M V Nair, SWIFT Chief Executive Asia Pacific & EMEA Alain Raes and SWIFT India CEO Saqib Sheikh.

    Business Forum

    Business Forum Bahrain outlines sustainable future for Kingdom’s finance sector

    In his welcoming address to the inaugural SWIFT Business Forum Bahrain, Francis Vanbever, Chief Financial Officer, SWIFT, highlighted the importance of Bahrain and the GCC to SWIFT’s business. Bahrain was the first GCC country to join the SWIFT network in 1987 and, in the last 15 years, Bahrain’s SWIFT traffic has increased by 12.3% and the GCC as a whole by 11.7%, versus 11.6% growth in EMEA and 11.3% globally.

    Business Forum

    Business Forum New York 2014 focuses on compliance

    The SWIFT Business Forum New York 2014 (previously known as SOFA) took place in New York City on 4 March. Participants gathered for thought-provoking plenaries, essential networking opportunities, product showcases and in depth work sessions throughout the day.

    Innotribe

    Through the Startup Challenge, Innotribe provides the SWIFT community with valuable insights into fintech innovation

    The financial crisis has impacted the way we do business and the rapid evolution of technology is having a significant impact on both bank’s offerings and on customer’s expectations.

    MyStandards

    MyStandards Readiness Portal helps ease onboarding process

    SWIFT has launched the MyStandards Readiness Portal, a new cloud-based application that simplifies the client onboarding process by allowing message testing against bank specifications.

    Dialogue

    Faster not always better

    Anyone with a mobile phone can send a text message to someone on the other side of the world instantaneously – and in most cases for free. However, when it comes to payments, interaction is slower and costly.

    Dialogue

    Volcker in full swing

    Nearly four years after the Dodd-Frank Act passed, the Volcker rule has finally made its long-awaited passage.

    Support

    March 2014: new version of myProfile on swift.com

    On 22 March 2014 SWIFT will deploy on swift.com a new version of “Personal Profile”, the application to manage your profile on swift.com.

    Dialogue

    Banks’ leading role turns to supporting cast

    The word lending is entrenched within the definition of a bank. After all, what’s the point of a bank if it doesn’t lend? But with recent economic and regulatory changes buffeting financial institutions, this particular area of business has taken a blow.

    Products and Services

    Huawei becomes first AP corporate customer for Premium Custom Service

    Huawei, a leading global information and communications technology solutions provider, has become the first corporate customer using Premium Custom Service in Asia Pacific.

    Standards

    Latest news about MT Category 7 enhancements

    Since making changes based on individual CRs was not cost effective, it was preferred to combine them and make them available to the SWIFT Community in one to two years.

    Dialogue

    Moving with caution

    Correspondent banking is dead. Long live correspondent banking.

    Products and Services

    Down to the very last detail

    SEPA: The importance of high quality reference data

    Business Forum

    SWIFT shows readiness to help Russia’s banks meet sanctions challenge

    Fighting financial crime is high on the agenda of Russia's banks.

    Dialogue

    Basel’s big balancing act

    This news was first published on Dialogue Online.

    Dialogue

    The Bitcoin conundrum

    This news was first published on Dialogue Online.

    Trade

    The Volvo Group joins SWIFT to increase competitiveness

    The Volvo Group, one of the world's leading manufacturers of trucks, buses, construction equipment and engines for industrial and marine usage has joined SWIFT to benefit from its multi-bank messaging solution for documentary trade flows.

    Regional Conference

    Boring is the new exciting, Nordics conference finds

    Opening the second SWIFT Nordics Regional Conference, Erica Åhman, Head of SWIFT Nordics, SWIFT and Göran Fors, Head of Asset Servicing, Transaction Banking, SEB and SWIFT NMG chairperson for Sweden welcomed the over 210 delegates from across the Nordic region to Stockholm.

    Dialogue

    Take five: finance sector themes for 2014

    The holidays are over and it’s time to get back to work. 2013 has been filled with regulatory changes that have kept many busy with the sheer effort of trying to keep up. The pace won’t be slowing down in 2014 – but regulation is far from the only issue on the agenda of firms across the finance sector. With holiday mode well behind now – and delivering greater value to clients an imperative – here are five things to look out for this year.

    Dialogue

    Widening corridors across the Pacific

    While the US and Europe have been struggling with the economic downturn as a result of the financial crisis, China’s relationship with Latin America has strengthened.