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Swift opens API channel for ISO 20022 corporate payment tracking

Finextra

Swift is working with 25 leading cash management banks and 20 corporates to develop a white labelled transaction tracking service for ISO 20022 messages across the entire payment chain.

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Swift Streamlines Cross-Border Payments for Corporate Clients with ISO 20022

Fintech News

The financial messaging network will extend ISO 20022 across the entire payment chain and provide banks with ready-to-use tracking services. By standardising payments end-to-end with ISO 20022, Swift enables financial institutions to capture detailed data from the outset.

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SWIFT Readies ISO 20022 For X-Border Payments

PYMNTS

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

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NatWest Transitions to Bankline Direct Digital With Capco to Accommodate Changing Consumer Needs

The Fintech Times

UK bank NatWest is partnering with Capco , the management and technology consultancy, as part of efforts to ensure a smooth transition for its systems and clients as the financial industry moves to adopt ISO 20022 for payments and reporting.

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Time For B2B Payments To Get Standardized, Says Nordea

PYMNTS

Enter: ISO 20022. For a few years the corporate banking space has been discussing the potential for ISO 20022 to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. “Or do corporates limit their choice of bank by insisting on their preferred format?”.

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FPC 2024 Fall Member Meeting

Faster Payments Council

Financial Institutions are enabling use cases and improving send reach that allows customers to manage their cash on hand and easily disburse payments up to the due date while maintaining a positive account status and avoiding late fees. Speakers: Laura Sullivan, Form3; Kenneth T.P.

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SWIFT Reveals New API Standard For Pre-Authorization Of Funds

PYMNTS

We have built the world-leading BankID service and the Swish payment method,” said Kirstine Nilsson, Swedbank’s head of business infrastructure, consumer payments and cash management. “We ISO 20022 has the potential to promote efficiency in the correspondent banking community and modernize cross-border transactions.

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