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

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