SWIFT for Corporates - SEPA & SWIFT Payments News

My Notes from the SWIFT Business Forum in London

May

5

2016

Along with 1300 people last week, i visited the SWIFT Business Forum in London – it was a great day with a number of well informed panel discussions and insights into the hot topics dominating the industry. My main focus was of course payments. There are plenty of overviews from the various sessions at the SWIFT ...

11 Kick-Ass Tweets From the SWIFT Business Forum London

Apr

22

2016

Yesterday i attended the SWIFT Business Forum, at Tobacco Dock, in London. It was a gloriously sunny day but really hectic with lots of really interesting sessions and discussions around SWIFT, fintech, blockchain, payments and even a ‘lively’ debate on Brexit. In fact there were so many parallel sessions that you had to make some ...

Simple Guide to the SWIFT MT101 Format 25

Feb

11

2016

Two of the most popular posts on this blog are the Structure Of A SWIFT Message, Explained and the Difference between a SWIFT ACK and SWIFT NACK. Many of the readers of those posts have asked if i could do something similar detailing the SWIFT MT101 format. In this post, the idea is to give ...

What is the SWIFT Global Payments Innovation Initiative ? 2

Dec

14

2015

For anybody interested in payments and SWIFT, the SWIFT announcement last week of a Global Payments Innovation initiative was hardly a bombshell. In fact with all of the hype around fintech companies eating up incumbents, and the need for traditional financial institutions to become more innovative and attentive to customer demands you could argue that SWIFT ...

A Quick Intro to Implementing the CGI PAIN.001 Format 6

Oct

28

2015

Anybody that is implementing the PAIN.001 format needs to read this! Sometimes when you are looking to update or implement a new payments format it is difficult to know where to start. Add to this the different variety of payment formats, differing bank proprietary formats and requirements, country specific requirements, technical jargon, the squeeze on ...

Piyush Gupta on Growth, Decline & Disruption in Asia 3

Oct

19

2015

Last week, it was all happening at Sibos in Singapore. One of THE most talked about and retweeted events at Sibos 2015 was the opening plenary by Piyush Gupta – the Chief Executive Officer (CEO) of DBS Bank. I wasn’t at Sibos, but the social media buzz around Piyush was such that I felt like I ...

The Top 20 Tweets from Sibos 2015 2

Oct

15

2015

I wasn’t one of the 8200 Sibos attendees in Singapore this year, so I looked to various other channels to get my daily dose of SWIFT and Sibos news. By the sounds of things there were some really interesting panel discussions (particularly around blockchain) and insights into various disruptive technologies and consumer demands. Finextra and ...

Is the SWIFT 2020 Strategy Good Enough? 3

Sep

14

2015

The other week SWIFT published a release titled Transforming the business of banking. The article gets views from some of the top SWIFT for corporate representatives and outlines how SWIFT aims to sign up more corporate customers and further develop its solutions for existing customers. These objectives are part of SWIFT’s overall SWIFT 2020 Strategy. Check out ...

The Difference between a SWIFT ACK and SWIFT NACK 27

Aug

14

2015

Having explained the various SWIFT message types and the structure of a SWIFT message, one of the other big questions that corporates contend with is what is the difference between a SWIFT ACK (Acknowledgement) and SWIFT NACK or sometimes referred to as SWIFT NAK (Negative Acknowledgement). Let’s get straight into it… The Structure of SWIFT ...

The Structure Of A SWIFT Message, Explained! 49

Aug

11

2015

If you’re looking at a SWIFT message for the first time, it can be a bit daunting. To the untrained eye the whole SWIFT message structure can look like gobbledygook. But actually, there is a bit of a method to the madness. Whether you are receiving, processing or constructing an MT101 or an MT940 message ...