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SWIFT'S
LATEST ADVANCEMENTS

OnDemand Video Webinar

Introduction

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global, member-owned financial infrastructure provider. It spans every continent including 200+ countries and territories, and services more than 11,000 institutions worldwide. Since its inception in the 1970s, it has continued to facilitate billions of financial messages annually, enabling banks and corporates to safely and securely communicate and to move money across borders.

However, SWIFT has faced increasing competition from disruptors who have identified ways to reduce friction in cross-border payments. As a result, SWIFT has committed to modernization efforts, expanding its suite of services to better address common pain points in cross-border payments. 2021 marked a notable year of enhancements and product developments that greatly increased the utility of SWIFT’s cross-border services.

Topics Covered

This webinar will explore the latest advancements in the SWIFT network and identify how they seek to enhance cross-border payment processing. We will look at specific developments including:

  • Gpi’s remarkable traction (Global Payments Innovation) and how it grew to become a success
  • SWIFT GO for SMB low-value payments
  • Pe-validation service to verify beneficiary account details
  • Message translation services to facilitate the migration from the proprietary MT message spec to the global ISO20022 standard

Learning Objectives

This webinar is designed to provide an overview of the progress being made by SWIFT and how SWIFT is beginning to serve as a key linkage between payments infrastructure in different countries.

Leaders

  • Yvette Bohanan

    Yvette draws on her 24 years of payments and risk management experience to help the next generation of payments professionals understand industry fundamentals and best practices. In addition to facilitating Payments Boot Camps™, she is also responsible for developing industry-focused curriculums and new delivery channels.

  • Joanna Wisniecka

    Joanna provides Glenbrook’s clients with a broad perspective drawn from her experience in regulatory oversight, payments infrastructure management, and product roadmap development.

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