Payments News

On The Web

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Companies

Swift speeds up cross-border payments, without blockchain

“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 […]
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Companies

Swift says blockchain not ready for mainstream use

“Blockchain technology needs to make more progress before it can handle the billions of dollars of daily cross-border payments between the world’s banks, Swift has concluded after testing the new system on its interbank messaging network.”

On The Wires

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Companies

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 […]