By addressing speed, transparency, and cost challenges through coordinated modernisation efforts and technologies like ISO 20022 and Swift GPI, institutions can transform cross-border payments into a seamless, customer-centric experience.
15%
of financial institutions cite speed of arrival as the greatest pain point
75%
of cross-border payments must credit the beneficiary within an hour by 2027, according to the G20 target
89%
of Swift transactions now reach recipients within an hour, reflecting improvements in speed and transparency
Delays in processing, trapped liquidity, and inconsistent data quality remain major obstacles in cross-border payments. To meet rising customer expectations, institutions must address these inefficiencies by optimising nostro accounts, implementing Swift GPI for enhanced tracking and transparency, and adopting structured data standards for improved accuracy.
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Payments Connectivity & Compliance
Securely communicate financial transactions within and between businesses, globally and locally, while easily managing payment compliance and mitigating risk.
