• Swift Says It’s Tackling High Demand for Instant and Cross-Border Payments, Challenging Rivals...

    Banking leader Swift, which facilitates financial transactions and counts over 11,000 institutions worldwide as members of its messaging network, says it is meeting today’s challenges of providing instant services. By adapting new technologies, it plans to leverage its brand to reach communities that are currently outside of the Swift network in order to remain the leader in global payments.

    Harry Newman, the company’s head of banking, says demand for instant transactions is everywhere and that Swift is able to meet those demands and lead the new evolution of cross-border payments by deploying Swift gpi (global payment initiative), its new standard for handling global transactions.