Swift
Swift is a global member-owned cooperative and the world’s leading provider of secure financial messaging services.
See below for the Latest Swift News, Analysis, Profit Results, Share Price Information, and Commentary.
SWIFT cites high cost of splintered financial world
SWIFT cites high cost of splintered financial world
Many digital payment platforms remain disconnected from each other.
Financial fragmentation threatens bank profits and lending
Globally, it can lead to nearly 280 million fewer jobs by 2030.
Financial crimes to continue to squeeze bank profits
More sophisticated crooks and stricter rules are expected to increase compliance costs.
Asia struggles with G20 payment targets
The ultimate goal is for cross-border payments to achieve “the speed of the internet.”
90% of cross-border payments reach banks within an hour
But transparency remains a challenge for cross-border payment systems.
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1. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 2. Japan’s SMBC invests in biotechnology fund 3. Hong Kong, China launch Payment Connect for faster cross-border payments 4. Metrobank names Renato De Borja, Jr. as head of financial & control sector 5. PBCOM appoints new treasury trading team headResource Center
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He emphasised that balancing innovation with sustainability is now key to fintech’s growth trajectory.
