Sibos 2023: Cross-border payments dominate day one of Sibos with Swift-Wise partnership announced
The new partnership comes amid a host of Swift-led panels at Sibos focused on payment innovations.
The new partnership comes amid a host of Swift-led panels at Sibos focused on payment innovations.
The Immediate Cross-Border Payments project also involves 11 financial institutions.
Swift will be supporting its customers through their Target consolidation projects and the migration to ESMIG.
Carlo Palmers, market infrastructures market manager, Swift, talks to Daily News at Sibos editor Heather McKenzie.
The key benefits of the instant payment systems being rolled out in Australia and in Europe were discussed during yesterday’s Instant Payments Over Swift session in the Swift Auditorium.
Global interoperability of real-time payments systems will require harmonisation of market practices and standards. A group of international clearing houses, banks, vendors, payments associations and other parties have proposed setting up an activity to look at how to deliver this under the aegis of the International Standards Organisation – and set an ambitious target of collating an initial variant of ISO 20022 usage guidelines for real-time payments before the summer.