TechFlow news — The Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced today that it will restructure cross-border infrastructure over the next two years and beyond, fundamentally transforming the way payments and securities transactions are processed, enabling global financial institutions to conduct instant, frictionless end-to-end transactions.
SWIFT's new platform will coordinate interactions among financial institutions and other participants, minimizing friction and optimizing speed to enable transparent and predictable end-to-end account-to-account transactions globally. This initiative could enable instant, frictionless transactions across at least 4 billion accounts served by financial institutions on the SWIFT network. (Shanghai Securities News)
