Re-assessing the risks
Serving low-risk clients in high-risk markets is made harder by financial crime compliance obligations, but not impossible
Transaction Manager: Supporting adoption of ISO 20022 and the future of global payments
Our Transaction Manager going live marked a key milestone in the ISO 20022 adoption journey and another important step towards enabling instant and frictionless global payments.
Enhancing the corporate-to-bank payment experience with ISO 20022 and direct tracking
Together with leading cash management banks and 20 sector-leading corporates, we’re extending the benefits of ISO 20022 to businesses, overcoming fragmentation in the corporate experience and enhancing speed and transparency.
Making compliance checks easier for corporates
Know Your Customer (KYC) checks can be a real source of inefficiency for corporates, especially for those with multiple banking partners. We look at how Swift’s KYC Registry has helped streamline these processes for our corporates over the last year.
Swift pilots new service for low value cross-border payments
- Enables financial institutions to provide fast and frictionless cross-border payments for small- and medium-sized businesses and consumers
- Over 20 financial institutions involved in its development
How BNP Paribas and BASF are streamlining their KYC information collection process
Requirements for customer due diligence are filled with complexity and nuance. To understand the Know Your Customer (KYC) challenges faced by both banks and corporates alike, we caught-up with industry experts from BASF and BNP Paribas for their respective insights. They shed light on their specific learning points and how Swift’s KYC Registry is helping them streamline the collection of KYC information.
Transforming KYC across your banking relationships - webinar FAQs
Responding to your questions
Swift explores blockchain interoperability to remove friction from tokenised asset settlement
We’re collaborating with the Swift community globally to test how institutions can use their Swift connection to seamlessly interoperate with the multitude of blockchain networks emerging around the world.
Taking local Confirmation of Payee global
A new proposal from the European Commission would mandate financial institutions across Europe to offer IBAN-name check services to their customers. At Swift, we think this is a great opportunity to facilitate interoperability between domestic Confirmation of Payee systems around the world.
ISO 20022 in bytes for payments: The final countdown to CBPR+ go-live has started.
There are less than two months to go to the start of the coexistence period in March 2023, and we hope you’re making good use of this extra time during the revised timeline.
At Swift, we’ve set up dedicated capabilities for monitoring the evolution of go-live activities based on real-time traffic data with 24/7 coverage. We’ve also been busy installing Swift’s transaction management capabilities in the live environment.
With this technical deployment, the capabilities are now being managed as…