Trade

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.

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

Putting trade on the block

There are significant inconsistencies in how the industry is responding to digitisation in trade finance, according to the latest International Chamber of Commerce (ICC) Global Survey on Trade Finance, writes Heather McKenzie.