SWIFT for Corporates - SEPA & SWIFT Payments News

Where and When Sibos Infographic 2

Jul

3

2015

Last year was my first Sibos conference in Boston. When I saw the recent SWIFT announcement that London has been selected as the host city of the SWIFT Conference in 2019, it got me thinking about the history of the event. When did Sibos start and which cities have hosted the Sibos conference..? As I was ...

5 Ingredients for a Successful Regional Payments Scheme

Jun

29

2015

In Europe we are familiar with our very own regional payments scheme, SEPA! But there are other regional payments schemes out there too, and the SWIFT Institute paper on Cross- border low value payments and regional integration: enablers and disablers offers a fascinating insight into some of the other regional payments schemes and the important ...

7 Cyber Security Challenges You Cannot Ignore 4

Jun

25

2015

By now you have probably guessed that I am really interested in SWIFT and cyber security – so when I saw a SWIFT Institute article on SWIFT and cyber security challenges I got pretty excited. I know, I need to get out more…! Anyway, it is an article about a cyber security event organised by ...

9 Bank Interface Questions All Companies Need to Ask 1

Jun

10

2015

In the post Corporate to Bank Connectivity – 10 Questions YOU Need To Ask I suggest some high level questions to ask if you are considering an entirely new bank connectivity solution. The highlighted questions will help you get a birds eye view of your existing internal systems and banks. Now depending on the size of ...

7 Lessons From the SWIFT Business Forum in London 5

Apr

28

2015

Like many others in the payments and bank technology space last Thursday I attended the SWIFT Business Forum in London. It was a fantastic day with a number of informative sessions on all of the key topics and trends that are dominating the industry right now. For a comprehensive insight into the day check out ...

5 Reasons Why SWIFT Must Not Exclude Russian Banks 1

Mar

17

2015

I have reading up on SWIFT quite a bit recently, to understand more about how corporates can benefit from the various available SWIFT corporate solutions. The benefits of SWIFT include a single connectivity channel to all of your banks, greater transaction visibility and reporting, combined with increased security and reliability – all of which enable comparatively lower transaction costs. ...

SWIFT Nordics Conference 2015 – Summary

Mar

5

2015

For those of us unable to attend, Finextra has provided in their Live Blog Day 1 and Live Blog Day 2 an excellent insight into the SWIFT Nordics Conference. As I read through the blog posts I thought it would be useful to summarise key quotes and items of discussion from the two day SWIFT conference in ...

UK Payments Council Selects SWIFT as SEPA IBAN Only Vendor 1

Feb

11

2015

The news yesterday (10-Feb-15) that the UK Payments Council has selected SWIFT as the vendor for the UK’s SEPA IBAN only central infrastructure platform has been widely reported. Full details of the announcement can be found at the SWIFT press release. The intention of this post is to understand what the press release really means ...

Corporate to Bank Connectivity – 10 Questions YOU Need To Ask 6

Jan

21

2015

Most discussions about SEPA are no longer about compliance but instead about how to achieve process efficiencies and process improvements. Have a read of SEPA compliance, Tick. What next…? for some general information about what to consider now that SEPA compliant processes have been implemented. This post will focus on one specific area – corporate ...

BAI2 Format Specification 6

Jan

14

2015

BAI2 Format Specification – Corporates are using a variety of bank statement formats to receive information from their bank(s) about the activity happening on a given account. While most corporates are using the MT940 format, other bank statement formats are of course available and being used. One such example is the BAI2 format. Just before the ...