X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Digitization is gathering pace, and innovative payment providers are using new technologies to change the landscape of the financial services sector. Corporate banking customers are demanding more and more efficiency and transparency in their cross-border payments. And the global correspondent banking network—the crucial facilitator of international trade—is under increasing pressure to adapt.

Banks have long been reliant on the payments infrastructure provided by the Society for Worldwide Interbank Financial Telecommunication, known more commonly as SWIFT, the global network that enables communication of financial information between banks. But the status quo is no longer acceptable. Financial institutions that want to remain competitive in the market for cross-border trade must embrace innovation.

This is where SWIFT’s global payments innovation (GPI) initiative comes in. The initiative commits banks to a higher standard when facilitating cross-border payments, which helps corporate banking customers grow their international business. The initiative’s pilot program, which launched last April, marks a vital step forward.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.