SWIFT

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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