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September 23, 2019

On the web

May 2, 2019

On the wires

“SWIFT announces the launch of an ‘in-flight’ payment investigation and resolution service, available in the cloud, in a significant expansion of its network-wide payments validation toolkit. The new capability allows for dynamic query handling between banks on the SWIFT network, enabling them to quickly resolve instances in which required operational, regulatory or compliance information is incorrect or missing from payment instructions.”

February 28, 2019

On the wires

SWIFT gpi reaches $40trillion milestone at two year anniversary

“SWIFT today announces a major milestone in the take-up of gpi with more than $40trn transferred over the service in 2018. Rapid adoption saw the share of cross-border messages using gpi soar from 15% at the start of 2018, to 56% by the end of the year, a year-on-year increase of 270%. More than 3,500 banks, accounting for 85% of SWIFT’s total payments traffic, have committed to adopting gpi, evidencing how the service has achieved the near total transformation of the cross-border payments landscape just two years since launch.”

October 2, 2018

On the web

Swift releases payments analytics tool


“Financial messaging network Swift is to give member banks deeper insights into their cross-border payment flows with the release of a ‘Business Intelligence gpi Observer Analytics’ tool. The dashboard monitors the progress of gpi payments crossing the network at country, country corridor, and currency level, providing banks with the opportunity to optimise payment routings and benchmark their performance against other participants.”

September 17, 2018

On the web

August 31, 2018

On the web

July 25, 2018

Top Post

Corporates Begin Trials Of Multi-Bank Payments Tracking Across Swift gpi


“Financial messaging network Swift has begun pilot trials of a multi-bank payments tracking service with 12 member institutions and 10 multi-national corporates. The cross-industry collaboration tailors Swift’s global payments innovation (gpi) initiative to cater for the needs of corporate treasuries dealing with multiple banks by providing a single format for end-to-end tracking and integrated flows in ERP and treasury management systems.”

June 25, 2018

On the web

Swift Moves To Universal Adoption Of gpi


“Banking co-operative Swift is to extend its global payments innovation (gpi) scheme to all 10,000 member banks on the network as it faces up to competition from the likes of Ripple and a growing disenchantment with old-school correspondent banking models. The ambition is to move all banks across to the new framework – which promises same day end-to-end delivery with full tracking and transparency, throughout the payment chain – by the end of 2020.”

May 24, 2018

On the wires

25% Of All Cross-Border Payments Now Over gpi


“SWIFT’s global payments innovation, launched just 15 months ago, now represents 25% of all SWIFT cross border payment traffic, according to the latest data. SWIFT gpi, the most transformational change in cross-border payments in 30 years, dramatically enhances the customer experience by increasing the speed, transparency and end-to-end tracking capability of payments. It is set to be the standard for all cross-border payments made on the SWIFT network by the end of 2020.”

April 19, 2018

On the wires

March 28, 2018

On the wires

SWIFT and SAP join forces to enhance the corporate to bank experience for treasurers

“SAP Multi-Bank Connectivity, a new integrated connectivity solution based on SAP Cloud Platform technology, enables corporate-to-bank connectivity for SAP S/4HANA customers who need to connect with multiple banks, while lowering onboarding costs and increasing transparency and control. Companies can choose between an embedded connection to the SWIFT network, and bank connectivity through their usual banking partners.”

March 8, 2018

On the web

February 28, 2018

On the web

Swift speeds up cross-border payments, without blockchain

Global Trade Review

“A year after the first banks went live with Swift’s gpi, the service has been adopted by more than 150 financial institutions around the world, according to figures released by the global transaction network today. More than US$100bn worth of payments are being sent via gpi messages every day, across 220 international payment corridors, representing roughly 10% of Swift’s cross-border payments traffic.”

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