Central Banking

Large global banks sign up to new Swift platform

swift-sign

The payments consortium Swift announced six large global banks have signed up to use its new transaction management platform when it launches in 2022.

In a statement today (June 24), Bank of China, Bank of New York Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered announced they were preparing for the system.

Swift first announced the upgrade in September 2020. At the time, the consortium said the new platform would enable “seamless transactions from one account to another

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.