Swift
Swift is a global member-owned cooperative and the world’s leading provider of secure financial messaging services.
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Financial fragmentation threatens bank profits and lending
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.
Commentary
Navigating the Future: Banking Supervision and Risk Management in Asia in 2025
Fighting Back: How the Philippines is Addressing the Surge in Fraud