Technology

European banks embrace Swift gpi

Swift gpi is fast becoming a ‘must have’ for international banks, says Benoit Desserre, head of global transaction banking at Societe Generale. “Without Swift gpi, international banks will have difficulties working with large corporates.”

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

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’

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?

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.