Correspondent banking steps into a new era

Using blockchain to revamp cross-border payments

Is blockchain living up to its potential in revolutionising the cross-border payments space? Joy Macknight investigates how far the technology has come.

KYC – why not come together?

With the cost of know-your-customer compliance increasing, sharing client information to a standard everyone trusts makes absolute sense. Katja Zschieschang, Deutsche Bank’s resident KYC expert, looks at the benefits of a collaborative approach to data collection to help reduce the costs of compliance.

Swift gpi chief ticks off the milestones

Swift, together with 45 member banks, launched the global payments innovation (gpi) initiative in early 2016, to increase the speed, transparency and predictability of cross-border payments. More than 180 banks have signed up to the service, with over 60 banks now live. As of May 24, 25% of all Swift cross-border payments traffic is now being sent as gpi. Joy Macknight talks to Wim Raymaekers, Swift’s gpi programme director, about the latest developments. 

Bringing market infrastructures up to speed

As global market infrastructures modernise across the world, Deutsche Bank’s head of market infrastructure and industry initiatives, cash management, Paula Roels, examines where the global banking industry stands in implementing the landmark ISO 20022 standard, the different approaches to its implementation and the critical factors for success.