SWIFT

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.

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Cost Is Key to SWIFT’s Instant Cross-border Payment Success

SWIFT has announced plans to test a cross-border instant payment system in Asia Pacific. With the region becoming more integrated in terms of business and particularly e-commerce, a cross-border instant payment system will be an attractive service among SMEs. Still, at the end of the day, it all comes down to cost.

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SWIFT Teams Up With Banks to Bring Cross-border Payments Service to Malaysia

SWIFT has announced that it will work with five Malaysian banks to bring its global payments innovation (gpi) initiative to Malaysia in coming months. The banks are Maybank, Hong Leong Bank, CIMB Bank Berhad, Bank Islam, and Bank Rakyat, which will implement the gpi service in the months to come.

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SWIFT Announces Pre-Validation Service for gpi Payments

SWIFT is gearing up to roll out a pre-validation service that will enable customers to pinpoint and resolve errors that delay payment messages before they are sent. In a press release, SWIFT said the new service will also enable banks to give customers upfront fee pricing.

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First Fintech Goes Live on Swift’s Cross-border Payments Scheme

UK-based Ebury has become the first fintech to be a full and active participant on gpi, Swift’s cross-border payments scheme. The move has been hailed as an important milestone by Swift which is looking to encourage new non-bank entrants to join the traditional banks already on the service.

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​SWIFT to Test Instant Cross-border gpi Payments in Australia

Secure financial messaging service SWIFT will soon commence testing a new cross-border payments service, alongside banks from Australia, China, Singapore, and Thailand. According to SWIFT, the new instant gpi payments service will scale and integrate with real-time systems around the region through gpi members in each system.

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Connecting Asia With SWIFT-er Payments

Banks and financial institutions across Asia are adopting SWIFT’s global payments innovation (gpi), a new standard for cross-border payments that promises faster transactions and better transparency. SWIFT helps facilitate large payments transactions, but up until now, required up to five days to complete.

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Swift Opens Up Payments Tracking to Corporates: “The Beginning of a Long Journey”

Corporates will soon be able to track their payments in real time as part of Swift’s global payments innovation (gpi) initiative – a function of the system that was previously only available to them through their banks.

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SWIFT’s Gpi Driving Real-time Payments Tracking Into Corporate Treasury Systems

SWIFT, along with a number of corporates and banks, is to start testing an enhanced standard which will allow corporate treasurers to initiate and track gpi payments to and from multiple banks and integrate gpi flows in ERP and Treasury Management Systems.

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SWIFT Payments Boss on How Fintech Will Impact Businesses

Recently I had the opportunity to sit down with SWIFT head of Oceania Bill Doran to discuss how payments are changing on a global scale.

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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.

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Aussie Banks in Talks for Regional Real-time Payments

Australias big four banks have held exploratory talks on a service that would allow real-time cross-border payments between institutions in the Asia Pacific. The talks, led by financial messaging service provider SWIFT, led to the definition of a three-phase approach to the proposal.

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