Banking Strategy, Digital and Transformation

Don’t delay: now’s the time to migrate your IT systems to a SaaS-based model

23 Jun 2022

Although we’ve seen increased appetite from banks globally to accelerate the pace of digital transformation over the last two years, many players have focused solely on updating customer-facing systems at the front-end and have put off the more complex need to update their core infrastructure. As a result, many established banks remain encumbered ...

Ready for the ISO 20022 cross-border payments transition?

24 Feb 2021

The new ISO 20022 global payments standard will change the way banks send cross-border payment instructions. It’s clear that banks and vendors have different degrees of readiness for its arrival. Some banks are already quite advanced in their preparations. Others remain behind the curve. At the same time, banks must also prepare to switch to using...

SWIFT Matters

Trade Finance updates for 2021, no more delays please

03 Dec 2020

I shared my thoughts this time last year about the upcoming SWIFT Releases originally scheduled for 2020 and the importance of early preparation. Earlier this year, the planned SWIFT changes for Trade Finance Category 7 for Guarantees and Standby Letters of Credit were pushed back to November 2021. This delay comes on top of an earlier postponeme...

SWIFT Matters

Ready for SWIFT Releases 2020 and 2021?

05 Dec 2019

Following the relatively straightforward implementation of SWIFT Release 2019 this November, are you ready for the more complex requirements of SWIFT Releases 2020 and 2021? Here I’ll summarise what’s in store across both Trade Finance and Payments for 2020 and beyond. It’s worth noting that the impact of the changes planned for November 2021 are...