SWIFT said this marks a “major milestone” for the industry toward “enabling CBDCs and tokenised assets’ smooth integration into the international financial ecosystem”
Service applies an ISO-standard unique transaction identifier to track progress across the trade lifecycle, enabling market participants to identify trades with high risk of settlement failure and to take pre-emptive action
The project will trial a solution powered by Symbiont’s enterprise blockchain platform, Assembly, to allow asset managers and custodians to automate how they compare corporate action information sent to them from multiple sources
This solution analyses previous payments transactions conducted over the SWIFT network, on an anonymised basis, to identify potential errors in payee details and other trade information that may cause the payment to be processed incorrectly
47 per cent of banks say they strongly agree that technology constraints within the bank limit their ability to do more with their migration to ISO 20022, according to a payments survey by Celent
Anders Kirkeby of SimCorp made the comment in the first technology session of the day in which panellists debated whether new technology always equals new alpha
Gottfried Leibbrandt has been appointed as CLS’s chair, and succeeds Ken Harvey, who retired after ten years as a member of the board, eight of which as chair
EBA CLEARING, SWIFT and The Clearing House is to launch a pilot service for immediate cross-border payments to improve cross-border payments by utilising the fastest domestic payment options
Through its Alliance Control Virtual service, SWIFT will enable financial institutions to connect to its network and applications through selected public cloud providers, including AWS, Google Cloud and Azure