The United States jumps ahead of Taiwan as an offshore RMB clearing centre
Brussels, 3 June 2014 - Swift's RMB Tracker shows that United States' RMB payments value increased by 327% between April 2013 and April 2014, placing the United States at #3 in the world for RMB payments value, excluding China and Hong Kong. In April 2014, 2.6% of total RMB payments value was carried out via the United States, up from 1.3% one year ago. Singapore remains in the top position followed by the United Kingdom.
Leetchi.com integrates SwiftRef APIs to improve customer service
Leetchi.com helps people get ready to celebrate. It too has reason to celebrate as the online group payments specialist is rapidly becoming an important player in global ‘many-to-one’ payments.
Experts: industry must adapt to address evolving terrorist financing threats
New paper recaps Counter Terrorist Financing discussion from Sibos
University of Warwick wins the Swift Institute Challenge
The ‘HADU’ Student team from the Warwick Business School named winners of the inaugural Swift Institute Challenge on ‘Remittances via Banks’
Innotribe selects 12 semi-finalists to compete in the African Startup Challenge
12 companies will compete in Mauritius on 18 May and get the chance to take their innovative solutions to the next level
Swift Institute launches competition for university students
New Swift Institute Challenge creates opportunities for university students in the UK to contribute new ideas to banking and financial services
European hubs are fuelling RMB Internationalisation
Brussels, 26 August 2014 – Swift’s latest RMB Tracker shows that Europe represents 10% of Renminbi payments worldwide in value. For the past year, four European countries have been settling into the top 10, excluding China and Hong Kong. The United Kingdom leads Europe with 123.6% growth between July 2013 and July 2014, followed by France (+43.5%), Germany (+116%) and Luxembourg (+41.9%). Since July 2013, European payments directly exchanged with China and Hong Kong in RMB have increased by 105…
The drivers of change in cross-border payments
What are the key issues shaping cross-border payments today and how is the industry responding?
Swift strengthens its support to Filipino corporates looking to optimise finance operations
Swift helps Filipino corporates optimise and improve financial operations through standardisation and market practices for domestic financial transactions
How to capture growth in cross-border consumer and SME payments
International consumer and SME payments are exploding, with huge opportunities on offer for banks that capture this growth. Susana Delgado, Head of Consumer & SME Payments Strategy at Swift, explains what banks need to do to take advantage.