Webinar: Swift gpi is a chance for payments modernisation
Cross-border payments could arguably be the final frontier for globalised business operating at scale.
While banks, businesses and corporates have found more efficient ways of moving capital within their own jurisdictions, that can sometimes come unstuck when moving money between countries and continents.
Swift introduced its global payments initiative (gpi) in January 2017, and has since claimed to have improved the cross-border payments experience across more than 1,400 corridors.
More than $300 billion is sent daily with Swift gpi, which enables participants to make payments through a central location, rather than having to rely on a network of correspondent banks all charging for their services.
To take advantage of the potential of Swift gpi, banks are having to modernise their payments capabilities, and time is of the essence as the deadline for the confirmation of payee mandate is fast approaching.
But there’s more to it than an onerous compliance exercise, and banks will find that keeping pace with the evolution of cross-border payments has wide-ranging benefits for financial institutions as well as their clients.
Join FinTech Futures, Volante, and Deutsche Bank for a webinar on 14 May at 3pm BST that drills down into the process facing banks and corporates: “Modernising Your Payments Business with Swift gpi”.
Topic set to be explored include:
- The benefits of gpi and latest information on the network
- The pros and cons of different approaches to meeting the compliance date and connecting to Swift gpi
- Real world examples of banks that have connected to the network and their experience with gpi
