view.mailing.swift.com Open in urlscan Pro
159.92.146.122  Public Scan

Form analysis
0 forms found in the DOM

Text Content

 
   
   


 

  

 
  
  
 


swift
Plus all the latest news and insights from Swift
To view this email as a web page, click here.

 

Swift news & insights

 



November 2024

Welcome to the first edition of our new monthly newsletter – bringing you the
latest news and insights tailored to the topics you're most interested in. Each
month, we'll keep you in the loop on the top stories from across the global
Swift community, hot-off-the-press announcements, research, events and more. To
update the topics you’re interested in, head to our Preference Centre. 

Was this newsletter forwarded to you? Sign up now.

What's in this edition?

 

10 takeaways from Swift at Sibos

Case study: How ISO 20022 is helping BNY navigate the future of payments  

News about our live trials with digital assets

How AI is making cross-border payments safer

Spotlight on speed: New data shows where to focus for faster international
payments 

Transforming transparency in securities settlement with the Unique Transaction
Identifier

Hear from the winners of the 2024 Swift Hackathon

A new era of collaborative innovation to fight economic crime

And upcoming events for your diary  

Let's dive in |  Read time: 9 minutes

 

 

Featured story

 



10 takeaways from Swift at Sibos 2024

Sibos 2024 saw four days full of inspiring talks and expert insights as the
global financial community gathered in Beijing to unpack the latest trends
shaping the future of our industry.

We were thrilled to host over 60 Swift and Standards Forum sessions this year –
covering everything from AI, digital assets and ISO 20022 to the collaborative
innovation enabling seamless cross-border payments, securities and trade. Check
out our top takeaways from this year’s incredible event.

Read the full story

And catch up on the action! A selection of sessions is now available to stream
on demand for free.

 

 

Trending insights

Highlights for you

The latest stories tailored to your interests. Update your interests any time.

 

Standards

How ISO 20022 is helping BNY navigate the future of payments

We’re entering a critical phase of the global ISO 20022 adoption. With the end
of the MT/ISO 20022 cross-border coexistence period coming in November 2025,
Fedwire scheduled to migrate in March 2025, and multiple post-migration
milestones on the horizon in 2026, we spoke to Isabelle Bouille from BNY about
their journey to ISO 20022 adoption.

Read more



Digital assets and currencies

Live trials of digital asset transactions on Swift to start in 2025 

Starting next year, banks in North America, Europe, and Asia will begin live
trials of digital asset and currency transactions over the Swift network. This
milestone enables banks to transact seamlessly across both traditional and new
asset types using their existing Swift connections.

Read more



Artificial Intelligence

Swift to launch AI-powered fraud defence for safer cross-border payments

Starting in January 2025, we’ll be rolling out an AI-powered fraud detection
capability that aims to help the financial industry tackle increasingly
sophisticated forms of financial crime.

Read more



Payments

Spotlight on speed: Where to focus for faster international payments

Today, 90% of cross-border payments sent over the Swift network reach
destination banks within an hour. But more work must be done at the beneficiary
leg of the journey in the receiving country to meet the G20’s end-to-end
processing target for international payments, Swift network data shows.

Read more and download the report



Securities

Transforming transparency in securities settlement with the Unique Transaction
Identifier

Whether it is through mass adoption, realisation of the benefits, or regulatory
recommendation - the Unique Transaction Identifier (UTI) is going to become a
staple of the securities industry, so financial institutions are urged to get on
board early. Swift’s Head of Strategy, Jonathan Ehrenfeld, explains.

Read more



Technology and Innovation

Swift Hackathon 2024: The winning solutions unpacked!

79 companies entered this year’s competition to build the capital markets of the
future. Find out more about the winning solutions, which were announced on the
Innotribe stage last month at Sibos.

Read more

 

 

In case you missed it

 



A new era of collaborative innovation to fight economic crime

Economic crime has a huge impact on the global economy. Worldwide losses from
payments fraud in 2023 alone were a staggering $485bn, while money laundering is
estimated to cost between $2-5tn annually.

Catch up on our recent Inside Innovation where Swift’s Nick Kerigan, was joined
by Nick Maxwell from the RUSI Centre for Financial Crime & Security Studies, to
discuss the ongoing evolution in legislation that’s enabling the financial
intelligence sharing partnerships.

Watch now

 

 

Upcoming events

Save the date

 

Webinar: Swift for Corporates 


19 November

Find out how to get the most out of Swift to help you achieve your business
goals.

Register now

LinkedIn Live: Countdown to ISO 20022: Are you ready for CBPR+?


21 November

Tune in to hear Diamond Trust Bank and Standard Chartered discuss the benefits
of ISO 20022 and tips as we countdown to the end of coexistence for payment
instructions.

Register now

Webinar: ISO 20022 adoption


17 December

The latest developments around the CBPR+ adoption.

Register now

 

 

Stay up to date

About Swift
Swift is a global member-owned cooperative and the world's leading provider of
secure financial messaging services. We provide our community with a platform
for messaging, standards for communicating and we offer products and services to
facilitate access and integration, identification, analysis and financial crime
compliance. Our messaging platform, products and services connect more than
11,000 banking and securities organisations, market infrastructures and
corporate customers in more than 200 countries and territories, enabling them to
communicate securely and exchange standardised financial messages in a reliable
way. As their trusted provider, we facilitate global and local financial flows,
support trade and commerce all around the world; we relentlessly pursue
operational excellence and continually seek ways to lower costs, reduce risks
and eliminate operational inefficiencies. Headquartered in Belgium, Swift's
international governance and oversight reinforces the neutral, global character
of its cooperative structure. Swift's global office network ensures an active
presence in all the major financial centres.

 

Contact us       Privacy statement       Terms of use
Want to change how you receive our emails? You can update your interests or opt
out from all communications.