LATEST NEWS

Swift API acknowledges pay later consumer trend

Swift API acknowledges pay later consumer trend

The publication of a ‘Pay Later’ API standard by Swift is further evidence of the ‘componentisation’ of payments, Lu Zurawski, practice lead for retail banking products at ACI Worldwide, said. In January, Swift published an API standard to support the increasingly popular Pay Later online payment facility.
Swift gpi sets milestone

Swift gpi sets milestone

More than $40 trillion was transferred over Swift’s global payments innovation (gpi) system during 2018, Swift has announced. The share of cross-border messaging using gpi rose from 15% at the start of 2018 to 56% by the end of the year. More than 3500 banks, accounting for 85% of Swift’s total payments traffic have committed to adopting gpi.
Blockchain becomes a 'standards play'

Blockchain becomes a ‘standards play’

Two recent developments – one a proof of concept, the other a system that has been in operation for a year – suggest blockchain technology is becoming widely accepted in day-to-day operations. Heather McKenzie reports
A false dawn or a fine future?

A false dawn or a fine future?

You can gain some measure of how important artificial intelligence (AI) is to today’s banking industry by counting the number of conference sessions that were devoted to it at Sibos 2018.

The DIY investment model

Tokenisation is opening up a whole new world of tradable assets along with revolutionising the way the market can trade traditional products.

MORE NEWS

How to stay relevant

Customer centricity has become a catch phrase in corporate banking but unless the context of corporates’ requirements is understood, financial institutions risk losing out to more customer-focused alternative providers.

A problem shared…

One of the main messages from Sibos regarding cyber security was the need for greater cooperation between financial institutions, particularly the need to share information about attacks.
The economic impact of sanctions

The economic impact of sanctions

US sanctions regimes are having a significant impact on regional banks and on trade itself. Bahruz Naghiyev, chief financial officer and a member of the executive board at Azerbaijan’s Pasha Bank, talks to Club@Sibos about the issue