There are many different payment initiatives being carried out across Europe, and SWIFT is aiming to be a part of that to best achieve real-time payment, according to Isabelle Olivier, head of securities initiatives and payment market infrastructure, SWIFT.
Matthieu De Heering, head of Central and Eastern Europe at SWIFT, explains the many factors that are causing market infrastructures to renew their technology stacks.
Regulatory requirements, new payment initiatives, and new demands from Millennials have sparked a new evolution in global banking, according to HSBC's Diane Reyes, head of global liquidity and cash management.
Banks are utilising technology in a number of ways, but legacy technology will also remain prevelant, says Saskia Devolder, head of Western and Central Europe, SWIFT.
New initiative should facilitate regulatory collaboration.