Subscribe
|
|
|
|
|
|
|
News

SWIFT rolls out fresh payments strategy

Wednesday 30 September 2020 11:38 CET | News

Global payments consortium SWIFT has announced a new plan and strategy for securities processing and cross-border payments infrastructure, according to CPI. 

With the pandemic accelerating digital transformation and the move to real-time payments and API-based open banking, entrenched incumbents look to revamp their offerings. The new strategy will be implemented in the span of the next two years (2021-2022) and SWIFT believes that it would provide financial institutions to deliver instant end-to-end transactions – and therefore keep SWIFT relevant in the new API-based world.

Financial institutions will be able to expand their offerings and also have improved reconciliation, reporting, and asset servicing processes as well as end-to-end visibility of transactions to reduce settlement fails and fines, as stated in the official press release.

More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: SWIFT, payments strategy, payments , payments consortium, securities processing, cross-border payments, infrastructure, pandemic, digital transformation, real-time payments, API, Open Banking, incumbents, financial institutions, end-to-end transactions, reconciliation, reporting, asset servicing
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech

::: more





Industry Events

Free Headlines ::: subscribe now
RSS ::: follow ThePaypers via RSS ::: connect
LinkedIn ::: connect with ThePaypers on LinkedIn ::: connect
Twitter ::: follow ThePaypers on Twitter ::: follow
Facebook ::: like ThePaypers on Facebook ::: like