Instant, frictionless payments
From strong foundations come bold innovations
We’re building on the strength of SWIFT gpi, which revolutionised cross-border payments, and going even further. To continue to help financial institutions meet their challenges today and tomorrow, we’re expanding our capabilities beyond financial messaging to provide a platform for comprehensive transaction management services.
Our enhanced platform harnesses a transaction management to put the business transaction at the centre. This ensures complete, up-to-date data is available to all transaction participants, and unlocks the potential for value-added services to be leveraged by all participants in the transaction.
Shaping the future: Faster, Smarter, Better
Log in to mySWIFT to access all the key resources and documentation for the first release of the new transaction management capability.
Interoperability
The platform will ensure interoperability between users of different data formats and connectivity channels, allowing financial institutions to take this journey at their own pace.
Move at your own pace
Enables interoperability between ISO 20022 early and later adopters (working alongside the In-flow Translation service).
Reduce friction
Helps to overcome potential truncation frictions during the ISO 20022 CBPR+ coexistence period by improving end-to-end transaction integrity.
End-to-end transaction integrity and data enrichment
A shared and definitive copy of transaction data will be maintained. Community-agreed integrity rules will ensure that important business information is maintained, end-to-end, and not truncated, overwritten, lost or corrupted as the transaction progresses through its lifecycle.
Built-in
Swift will automatically route traffic through transaction management, so customers don’t need to connect or subscribe to the platform.
In the future
Integration of shared services (such as compliance checks, anomaly detection and case management) will enable faster processing and total cost of ownership reduction.
