Message Standards, Product and SWIFT

Championing Swift Connectivity for Private Banks and Asset Managers in APAC

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

ISO 20022 APACS SWIFT ISOs

SWIFT Adds BELLIN To gpi For Corporates Initiative

PYMNTS

JANUARY 24, 2019

Payments messaging company SWIFT is expanding its gpi for Corporates (g4C) initiative, adding treasury management technology company BELLIN to its roster of early adopters of the tool. The tool expanded and began requiring SWIFT customers to include their UETR in all payment instructions, even for institutions not part of gpi.

SWIFT

SWIFT Treasury Management Payment Message Cross-Border

Icon Solutions Welcomes NatWest Executives to its Board of Directors, Accelerating the Expansion of IPF

Fintech Finance

JULY 8, 2024

Ian is an experienced and internationally recognised payments product and technology executive. He also serves on the Board of Directors of SWIFT. Lee has extensive banking experience in product / profit and loss (P&L) management, risk, policy setting and strategy.

ISO 20022

ISO 20022 Message Standards Payments Strategy ISOs

Webinars

Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

MORE WEBINARS

The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

NOVEMBER 27, 2019

According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. The world is moving more toward standards, and ISO is one of them,” said Halpin.

ISO 20022

ISO 20022 Cross-Border Payments ISOs Cross-Border

SWIFT Reveals Success, Future Challenges Of Blockchain PoC

PYMNTS

MARCH 9, 2018

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.

SWIFT

SWIFT ISO 20022 Blockchain Liquidity Management

Global Cross-Border Payments Expected To Grow, But Challenges Remain

PYMNTS

AUGUST 16, 2019

Financial institutions are facing increased pressure to make cross-border payments fast and seamless as consumers grow used to instant P2P payments and such products in other sectors. More than 110 banks from Europe, Asia Pacific, Africa and the Americas are part of the SWIFT gpi, which has been in a pilot stage. and Australia’s NPP.

Cross-Border Payments

Cross-Border Payments Cross-Border ISO 20022 ISOs

SWIFT Sets ISO 20022 Sights On High-Value Payments

PYMNTS

AUGUST 19, 2016

As SWIFT continues to promote the adoption of the ISO 20022 payments messaging standard across financial institutions, the company said it is zeroing in on the potential for ISO 20022 harmonization in the high-value payments space. To highlight that potential, SWIFT revealed on Thursday (Aug.

ISO 20022

ISO 20022 ISOs SWIFT Message Standards

6 Fintech Resources in Asia to Read in Preparation for 2024

Fintech News

DECEMBER 10, 2023

It gathered data from C-level decisionmakers at over 500 banking and non-banking financial institutions across a variety of departments such as fraud, operations, treasury, product, and technical implementation.

FinTech

FinTech Cross-Border Cross-Border Payments ISO 20022

The Keys To Modernizing B2B Payments: Standards And Starting Small

PYMNTS

JUNE 16, 2020

It’s no longer feasible to take months to develop and rollout new products and services. New agile architectures and technologies must be adopted to support the latest open and global operating standards thus helping payments infrastructures to become more flexible and cost effective.

ISO 20022

ISO 20022 Cross-Border B2B ISOs

The Canadian Case For ISO 20022

PYMNTS

MARCH 16, 2016

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. and Canada.

ISO 20022

ISO 20022 ISOs Message Standards Cross-Border

Building the bank of tomorrow: Strategies for operational resilience and digital transformation

The Payments Association

FEBRUARY 14, 2025

In line with SWIFT and ECB timelines by November, a considerable portion of European cross-border and certain domestic payments must adopt ISO 20022 messaging standards. The November deadline marks a crucial milestone, after which many European payment flows must conform to the new standard.

ISO 20022

ISO 20022 Payment APIs and Integration ISOs Central Bank

Payments’ Role In The Fourth Industrial Revolution

PYMNTS

OCTOBER 2, 2019

However, with real-time payment modalities, and through the messaging standard ISO 20022, data can be easily uploaded into firms’ billing systems. How does this differ from a SWIFT transaction? It’s incumbent upon FIs to educate their corporate clients on the different faster payment services and products on offer.

C2B

C2B Faster Payments Real Time Payments Lockbox

ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

JANUARY 26, 2017

Further, blockchain, Finlync said, negates the need for participants to align with what the company described as “complex” payments messaging standards like ISO. For example, we have corporate clients that are blocking access to eBanking products, with all treasury and cash management operations managed within ERP itself.”.

Blockchain

Blockchain Cross-Border Payments B2B Cross-Border

Banks’ Definitive B2B Payments Guide To Sibos

PYMNTS

SEPTEMBER 23, 2019

Open banking is incentivizing banks to open up data in ways to promote product innovation and industry competition, but financial institutions stand to gain significantly from leveraging the data they hold. Empowerment Through Data.

B2B

B2B ISO 20022 Payment APIs and Integration ISOs

Finastra Launches Transformation Service to Support Multiple Messaging Standards, Including ISO 20022

Fintech Finance

APRIL 30, 2025

Finastra , a global provider of financial software applications, today announced the launch of its Transformation Service, supporting the translation of MT formatted messages to the new ISO 20022 MX messaging standard, among others. Finastra has been validated as a Swift Compatible Interface and is CBPR+ ready.

ISO 20022

ISO 20022 Message Standards ISOs SWIFT

Payments Space

Championing Swift Connectivity for Private Banks and Asset Managers in APAC

SWIFT Adds BELLIN To gpi For Corporates Initiative

Icon Solutions Welcomes NatWest Executives to its Board of Directors, Accelerating the Expansion of IPF

Webinars

The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

SWIFT Reveals Success, Future Challenges Of Blockchain PoC

Global Cross-Border Payments Expected To Grow, But Challenges Remain

SWIFT Sets ISO 20022 Sights On High-Value Payments

6 Fintech Resources in Asia to Read in Preparation for 2024

The Keys To Modernizing B2B Payments: Standards And Starting Small

The Canadian Case For ISO 20022

Building the bank of tomorrow: Strategies for operational resilience and digital transformation

Payments’ Role In The Fourth Industrial Revolution

ERP Data On The Front Lines Of Blockchain Adoption

Banks’ Definitive B2B Payments Guide To Sibos

Finastra Launches Transformation Service to Support Multiple Messaging Standards, Including ISO 20022

Stay Connected