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Swift opens API channel for ISO 20022 corporate payment tracking

Finextra

Swift is working with 25 leading cash management banks and 20 corporates to develop a white labelled transaction tracking service for ISO 20022 messages across the entire payment chain.

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Swift Streamlines Cross-Border Payments for Corporate Clients with ISO 20022

Fintech News

Swift has announced a major upgrade aimed at improving the cross-border payment experience for corporate customers. By standardising payments end-to-end with ISO 20022, Swift enables financial institutions to capture detailed data from the outset. Swift’s efforts align with the G20’s objectives for cross-border payments.

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Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments

Fintech Finance

Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. Available from January 2025, the service is the result of extensive collaboration with banks from around the world and a successful pilot earlier this year.

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Swift's gpi can bring faster pay standards together

Payments Source

Targeting a 100% gpi ratio for Swift payments among banks will be crucial to enlarging the global reach of payments, writes Marc Recker, global head of institutional market management and cash management for Deutsche Bank.

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SWIFT Readies ISO 20022 For X-Border Payments

PYMNTS

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

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Former Managing Director At Deutsche Bank Joins SWIFT 

PYMNTS

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release.

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SWIFT Reveals New API Standard For Pre-Authorization Of Funds

PYMNTS

A new API standard for the pre-authorization of funds is being rolled out by SWIFT, clearing a path for a revolution in financial services enabled by open banking, the company said in a press release on Thursday (Sept. Earlier this year, SWIFT rolled out its Pay Later API standard. “In

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