Wednesday, July 9, 2025
20.1 C
London
HomeBankingSibos 2023: Cross-border payments dominate day one of Sibos with Swift-Wise partnership...

Sibos 2023: Cross-border payments dominate day one of Sibos with Swift-Wise partnership announced

Date:

Ziglu Enters Administration: What It Means for Customers and Crypto

Understanding the Implications for Users Amidst Financial TurmoilHighlights: Ziglu...

Lloyds Launches Innovative Two-Month Data and AI Summer School for Employees

Empowering Workforce through Extensive Training in Data Science and...

Over Half of Individuals Following Financial Advice on Social Media Have Lost Money

The Risks and Realities of Seeking Financial Guidance from...

Swift partners with Wise for cross-border payments, offering enhanced services during the Sibos conference.

Facts

  • Swift has partnered with UK-based fintech Wise to expand cross-border payment options for financial institutions and customers.
  • The partnership was announced at the Sibos conference in Toronto.
  • Financial institutions can now send Swift payment messages to Wise Platform without system changes.
  • Wise Platform will leverage advanced Swift capabilities, including cloud technology and API connectivity.
  • It will adhere to Swift GPI standards, providing end-to-end payment visibility.
  • The partnership aims to make international payments faster and more cost-effective.
  • The Sibos conference discussed the future of low-value cross-border payments.
  • Banks are focusing on facilitating cross-border payments for SMEs.
  • Alternative payment models are emerging in the low-cost cross-border payments market.
  • Compliance and regulatory alignment are challenges for alternative models.
  • The Asian market faces unique challenges in adopting alternative payment models.
  • The Sibos conference promises an intriguing industry agenda beyond the event.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories