A new era in global payments

According to Wim Raymaekers, global head, banking market at SWIFT, the same factors that are driving the roll out of domestic instant payments schemes - customer expectations of a better experience and advances in technology - apply to cross-border payments as well. Corporate treasury departments ar...

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Bibliographic Details
Published in:The Banker 2019-06, p.48
Format: Article
Language:English
Subjects:
Automation
Banking
Banking industry
Beneficiaries
Collaboration
Cross border transactions
Customer services
Financial institutions
Innovations
Payment systems
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Summary:According to Wim Raymaekers, global head, banking market at SWIFT, the same factors that are driving the roll out of domestic instant payments schemes - customer expectations of a better experience and advances in technology - apply to cross-border payments as well. Corporate treasury departments are able to integrate gpi into their enterprise resource planning or treasury management systems. According to Mr Chilosi, in developing gpi, SWIFT is "laying the foundation for today's payments systems and future-proofing the payments systems of tomorrow.
ISSN:0005-5395