Insights

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.

Consumers in some of the world's busiest remittance corridors are already benefiting from faster, more transparent and more predictable international payments, enabled by Swift's new framework for retail payments.

New Swift research shows where cross-border payments slow down at the last mile, and how the industry can address the factors affecting payment speed.

Nine months after Swift announced plans to add a blockchain-based ledger to its technology stack, here’s how the industry came together to make it happen.