Explained: SWIFT gpi UETR – Unique End-to-End Transaction Reference

Explained: SWIFT gpi UETR - Unique End-to-End Transaction Reference
At the heart of the SWIFT gpi initiative is something called the UETR. In this post, i will share everything i know and likely you need to know about the UETR. So let’s jump straight into it… What is SWIFT gpi? Before we delve into the UETR, we need to know what the SWIFT gpi is. ...

Read This If You’re Thinking About Joining SWIFT

Read This If You're Thinking About Joining SWIFT
While there are many ways for corporates to connect with their banks, if you want a single, secure, reliable and global multi-bank solution – then SWIFT is your answer. Before you get too excited you should understand their are some upfront considerations that you must take note of before joining SWIFT. This post will cover ...

5 Points From the SWIFT London Business Forum 2018 Nobody is Talking About 2

5 Points From the SWIFT London Business Forum 2018 Nobody is Talking About
Yesterday i was one of about 1100 registered delegates that attended the SWIFT London Business Forum 2018 at Tobacco Dock. The theme of the forum was “Seizing the Opportunity”, and there were the usual punchy cross-industry topics (fintech, regulation, machine learning, AI, cybersecurity… you get the idea) being discussed by some pretty high profile and ...

Payment Fees – The Difference Between BEN, OUR and SHA

I have received a couple of recurring questions about payment fees, specifically the difference between BEN, OUR and SHA. So, lets get straight to it… Payment Fees / Transaction Charges The sending bank and receiving bank in a payment transaction may charge a fee for processing the payment. Within each payment specific codes are used by ...

A Practical Guide to the Bank Statement CAMT.053 Format

Following on from the posts about the BAI2 and MT940 bank statement formats, I have had a few requests to provide an overview of the camt.053 format. I will not go into the details of each tag within the CAMT.053 format – for that you should ask your bank(s) to provide you with a detailed CAMT.053 ...

The Difference Between a camt.052, camt.053 and camt.054 2

I have had a couple of recurring questions about bank statements recently, and rather than responding to the individuals directly i thought it would be useful to address the question via a post. So, if bank statements are your thing check out my posts about the BAI2 and MT940 file formats. What is CAMT? CAMT ...

9 Cool Fintech, Security and Tech Graphics from Sibos 2017

9 Cool Fintech, Security and Tech Graphics from Sibos 2017
Okay, last post reflecting information from Sibos 2017. Here i share some of the graphics that i spotted over the 4 day Toronto conference which capture key cybersecurity, fintech and tech themes. Take a close look at the graphics, there are some pretty interesting messages and let me know what you think in the comments ...

8 Things I Learnt from Satya Nadella at Sibos, Day 4

8 Things I Learnt from Satya Nadella at Sibos, Day 4
For those that don’t know, Satya Nadella is the Chief Executive Officer of Microsoft, and succeeded Steve Ballmer in 2014. Satya closed Sibos in Toronto last week and following are the 8 key themes that i picked up on from his chat with SWIFT CEO Gottfried Leibbrandt. 1. The Need for Innovation has Never been Greater ...

The Future, Money Or Data? – Sibos Day 3

Okay, i know this is late – but better late than never, eh? On day 3, one of the best panel discussions was around the Future of Money. Here are my notes from the big issue debate which asked which is more important data or money? Data, the Digital Oil In the introduction Carmel Crimmins, ...

Calm the Tech Down – Sibos Day 2

Sibos Day 2 was a hectic day, starting off with a breakfast with Sir Tim Berners Lee (the inventor of the World Wide Web), which was supposed to be followed by a session on APIs in Financial Services – but that was full. So i went to the Cap Gemini World Payments Report session (more ...