Businesses are looking for speed and convenience for cross-border transactions and the good news is that real-time international payments are on the way.
This article outlines the various value-added services offered by the next generation SWIFT service bureau.
SWIFT has announced the launch of an instant payments messaging solution for the European market.
Announced as a concept less than 18 months ago and officially launched in February this year, the gpi initiative aims to enhance the cross-border payments process for corporate treasurers.
Sometimes, bank relationships simply don’t work anymore. However, changing banks is rarely straightforward - from rejected KYC documentation to technical hitches, the potential hurdles are significant. This article outlines how detailed preparation, messaging standards and a strong moral compass can help the switch go smoothly.
With numerous industry proofs of concept surrounding the technology, the recent SWIFT Business Forum London considered what happens when the focus moves beyond technical aspects into real world challenges.
The financial messaging services provider’s theme this year was ‘Building the Future’, although what form it will take for the financial services sector is far from clear.
A special report from SWIFT shows that despite the impact of Brexit, the UK capital remains the preeminent global foreign exchange and payment centre.