SWIFT sunsetted the MT (Message Type) format for financial messaging on Saturday, Nov. 22. Having migrated to ISO 20022, global banks are now positioned to ...

Swift’s network completes the transition to ISO 20022, ending MT messages and standardising structured data for cross-border payments.

New Swift scheme will require full predictability on price and speed for retail transactions – with no hidden fees, full value transfers and instant settlement where domestic infrastructure and ...

Can SWIFT GPI act as a saviour to correspondent banking which is facing extinction due to disruptive Blockchain payments- RippleNet? Both systems have its pros and ...

SWIFT, the Brussels-based interbank cooperative, has unveiled its first active instant cross-border payment connection — a move that could have major implications for the global payments landscape.

Swift has set out plans to help financial institutions streamline the cross-border payment experience for their corporate customers by “extending ISO 20022 across the entire payment chain and giving ...

In a move it says will cut friction in cross-border payments, Swift is launching a real-time validation service for banks to check and confirm payee details related to the payment beneficiary prior to ...

BRUSSELS--(BUSINESS WIRE)--Swift today announced strong progress toward goals set by the G20 for enhancing cross-border payments, reporting that 89% of transactions processed on its network reach ...

With currency becoming digitized in large parts of the world, Swift seeks an opportunity to tackle one of the biggest challenges on the horizon — ensuring different projects aren't stuck in a silo.

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The European Payment Council’s One-Leg-Out Instant Credit ...

Global interbank messaging giant SWIFT has revealed it will allow blockchain firms to make use of its Global Payments Innovation (GPI) platform for near real-time payments. In a report published late ...

Perhaps the most useful thing that disruptive technologies such as cryptocurrencies have done is to kick existing payments providers out of their complacency. Two days after Facebook announced its One ...