Finextra

JUNE 18, 2024

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

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SWIFT Payee Interoperability Payment Message 132

Fintech News

AUGUST 8, 2024

In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. March 2023 marked the start of the migration with a coexistence period with MT messages.

ISO 20022 127

ISO 20022 APACS SWIFT ISOs 127

The Fintech Times

FEBRUARY 29, 2024

Ensuring this is possible on the XRP Ledger (XRPL), Ripple , the crypto solutions provider, has partnered with Axelar Foundation , the nonprofit decentralised interoperability network. The partnership with Axelar Foundation propels interoperability into the broader blockchain realm.

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Interoperability Blockchain Payment APIs and Integration Risk Mitigation 133

PYMNTS

FEBRUARY 26, 2020

Financial institutions have relied on their own IT systems, operations teams, the SWIFT messaging service and domestic payment schemes to acquire, construct, screen, relay and report customer payments. At the request of the community, SWIFT agreed to act as a facilitator in the adoption of ISO 20022. A Gradual Move With Big Benefits.

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ISO 20022 ISOs SWIFT Cross-Border Payments 104

Fintech Finance

OCTOBER 17, 2024

Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour. Swift is committed to continuing to support these efforts.”

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Cross-Border Payments Cross-Border SWIFT ISO 20022 98

Fintech Finance

JUNE 18, 2024

Swift today published the findings of research that shows Small and Medium Enterprises (SMEs) in the European Union feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve their cashflow, and increase their competitiveness. Research was conducted from 18-29 April 2024. [ii]

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SWIFT Instant Payments Cross-Border Payments Cross-Border 97

PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. Interoperability In Focus . Moving Beyond ACH .

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Fintech News

NOVEMBER 17, 2024

Enhanced reporting: With advanced reporting, institutions can generate insights through custom formulas and data tags, allowing for swift, data-driven responses to shifting client needs and regulatory changes. Oradian can enable swift entry into any market, including those that have been historically underserved.

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SWIFT API Underserved Interoperability 113

Finextra

JULY 4, 2024

At EBAday 2024, Marianne Demarchi, Chief Executive Europe, Middle East & Africa, Swift, focused on the incoming Instant Payments Regulation and Swift's recently released research on SMEs and cross border payments.

Interoperability 59

Interoperability Instant Payments Cross-Border Payments Cross-Border 59

PYMNTS

AUGUST 1, 2019

In the latest Smarter Payments Tracker , PYMNTS takes a deep dive into the challenge of interoperability in achieving better cross-border payments services and experiences. In its announcement , SWIFT noted that this standardization will be especially impactful for high-value corporate payments within the correspondent banking sphere.

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Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

SEPTEMBER 23, 2016

SWIFT is the latest FinTech player to perk up at the thought of using distributed ledger technology for business transactions. SWIFT’s report explored how the market would approach standardization of these technologies and how to apply previous standardization initiatives to this process. In an announcement on Thursday (Sept.

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SWIFT Interoperability Facilitators Blockchain 76

PYMNTS

APRIL 29, 2019

An interoperable cross-border solution could remove these frictions and provide smooth transfers between two real-time payment systems, while a single, globally accessible faster payments service could offer swift end-to-end transfers. Smooth communications between players must be supported if payment schemes are to be interoperable.

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

PYMNTS

AUGUST 1, 2019

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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ISO 20022 ISOs SWIFT Cross-Border 76

The Payments Association

JUNE 3, 2025

As Nilixa Devlukia, CEO at Payments Solved, observes, these projects illustrate the benefits of shared infrastructure, adding that technical standards are beneficial to building interoperable CBDCs that function seamlessly across borders and jurisdictions. In Europe, the drive for CBDCs is also motivated by strategic autonomy.

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CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech News

MARCH 25, 2024

Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens. said Tom Zschach, Chief Innovation Officer at Swift.

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CBDC SWIFT Interoperability Settlement 109

The Paypers

DECEMBER 11, 2023

Swift has tested an interoperability solution with BNY Mellon , Deutsche Bank , and four eBL platforms to promote the adoption of electronic documents for digitising trade.

Interoperability 41

Interoperability SWIFT Finance 41

The Fintech Times

MAY 2, 2025

By offering full native support for both legacy SWIFT MT and modern MX messaging, SmartVista enables gradual migration with minimal to zero disruption. Its modular, microservices-based architecture ensures scalability, real-time processing and compliance with evolving global mandates, including SWIFT CBPR+ standards.

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ISO 20022 ISOs Compliance SWIFT 55

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”. SWIFT said the first part of this proof-of-concept effort will involve Corda , an R3 blockchain platform.

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SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

The Paypers

JUNE 7, 2023

Belgium-based Swift has announced its partnership with crypto startup Chainlink and multiple other institutions to explore blockchain interoperability challenges.

Interoperability 36

Interoperability SWIFT Blockchain 36

The Fintech Times

MARCH 6, 2025

Some notable schemes users will have access to include: Swift ACH Fedwire SEPA FPS Solana Tron Polygon Ethereum BNB Smartchain Bitcoin Cardano Integrating the wallet Fintechs, crypto apps, PSPs , marketplaces and payroll platforms can embed the multicurrency wallet into their platform via API. Why stablecoins?

Stablecoins 59

Stablecoins Payment APIs and Integration FedWire Multi-Currency 59

PYMNTS

JANUARY 24, 2019

News from SWIFT on Wednesday (Jan. Per an announcement, SWIFT said that through 2018, it facilitated an average of 31 million messages daily — which, on an annual basis, was up 11 percent from 2017, and represents a 56 percent increase through the past five years. SWIFT has, in recent months, claimed a 99.9

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SWIFT Volume Cross-Border Cross-Border Payments 62

PYMNTS

SEPTEMBER 25, 2019

Today in the payments news roundup, SWIFT and Microsoft have teamed with Bank of New York Mellon (BNY Mellon) to finalize the pilot of the Cloud Connect payments solution. Also, Amazon and top technology companies have unveiled the Voice Interoperability Initiative, and Mastercard is joining Pay.UK’s Request to Pay bill pay service.

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Interoperability SWIFT Visa Payments 43

PYMNTS

AUGUST 1, 2019

Such experiences require payments interoperability, which can be a significant challenge due to changing technologies and regulations. Many initiatives are currently underway around the globe to push such efforts along, meaning interoperability may not be as far off as once thought. What is payments interoperability?

Cross-Border Payments 43

Cross-Border Payments Cross-Border Interoperability Electronic Funds Transfer (EFT) 43

PYMNTS

SEPTEMBER 20, 2018

We designed an ecosystem that is both competitive and interoperable, planned it around the existing financial system and built up the necessary infrastructure and features to support that desired outcome,” said Ong Ye Kung, MAS board member and education minister, in a speech. The upshot, said SWIFT, is predictability on costs.

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SWIFT Mobile Payments PayPal Payments 63

The Fintech Times

JUNE 19, 2024

Small and medium enterprises (SMEs) across the European Union currently feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve cashless, as well as their competitiveness; according to new research by financial messaging network Swift.

Instant Payments 59

Instant Payments SWIFT Cross-Border Payments Regulations 59

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee 59

Payee SWIFT Cross-Border Cross-Border Payments 59

Fintech News

JANUARY 15, 2024

Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision of a seamless, accessible, and interoperable payments ecosystem. Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants.,

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Interoperability Cross-Border Payments Financial Inclusion 117

PYMNTS

DECEMBER 20, 2018

SWIFT , the messaging service, said earlier this week that its SWIFT global payments innovation (gpi) service is being used for a majority — as in 55 percent — of its cross-border traffic. As has been reported, more than 50 percent of SWIFT gpi payments are made within 30 minutes, and roughly 100 percent are made within 24 hours.

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Cross-Border SWIFT Federal Reserve Fed 53

Fintech News

JUNE 16, 2025

Its expertise is built on experience supporting leading banks and integrating with major payment networks, including Swift and Visa, with Thunes expected to follow soon. And for those that haven’t yet made the switch, it’s becoming increasingly important—not just for Nexus, but for interoperability across the global financial system.

Cross-Border Payments 77

Cross-Border Payments Cross-Border APACS ISO 20022 77

Fintech News

SEPTEMBER 3, 2024

TerraPay has been expanding its capabilities, particularly in the wallet space, through partnerships like the one with Swift, which enables international account-to-wallet payments. The company also established the Wallet Interoperability Council with five other wallet providers.

Product 109

Product Interoperability SWIFT Innovation 109

Fintech Finance

MARCH 26, 2024

Interoperability is critical to Swift’s strategy for instant and frictionless transactions. The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.

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Use Case Cross-Border SWIFT CBDC 52

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”. SWIFT said the first part of this proof-of-concept effort will involve Corda, an R3 blockchain platform.

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SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

PYMNTS

NOVEMBER 27, 2019

A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin. The solutions that faster payments technology have brought to corporates’ global operations cannot be downplayed, but major hurdles continue to challenge real-time payments’ ability to achieve ubiquity.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

The Fintech Times

FEBRUARY 28, 2025

Before lunch, Nick Kerrigan, head of innovation at Swift , highlighted the growing role of tokenisation in financial markets. With the digital asset market projected to reach $16trillion by 2030, he warned about the risks of digital islands isolated token ecosystems lacking interoperability.

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Embedded Finance AI Multi-Currency Compliance 64

Fintech News

JUNE 4, 2024

Mastercard Move’s solutions facilitate secure and swift international money transfers, offering cost-effective options to route and deliver funds through Mastercard’s extensive global network. This partnership will integrate Mastercard Move , a comprehensive suite of money transfer solutions, into Temenos Payments Hub.

Cross-Border Payments 109

Cross-Border Payments Cross-Border Visa Payment APIs and Integration 109

The Payments Association

OCTOBER 28, 2024

Adapting for a future-ready payments ecosystem As digital payment standards evolve, Click to Pay represents the start of a shift toward a more interoperable, standardised payment future. For issuers, the challenge extends beyond compliance; it’s about preparing their operations to adapt swiftly to emerging payment standards.

Card Issuer 88

Card Issuer Issuers Payment APIs and Integration Interoperability 88

PYMNTS

APRIL 20, 2016

SWIFT has found gaps in the promise and the delivery of distributed ledger technologies when it comes to payments. In it, SWIFT found that there are eight critical factors that need to be satisfied before DLT can gain currency (no pun intended) in the financial industry at large. . But it still thinks it has potential. .

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SWIFT ISO 20022 IRS Regulatory Compliance 40