Infrastructure

Honesty called for in ISO 20022 migration efforts

It is of the “utmost importance” that banks are honest in their response to the European Central Bank (ECB) as they report their readiness for the “big bang” introduction of ISO 20022 in November 2021, said Fiona van Echelpoel, deputy director general, directorate general market infrastructure and payments at the ECB.

Global, cross-border instant payments a step closer

 The first fruits of the SWIFT gpi and TARGET Instant Payments Settlement (TIPS) trial were announced yesterday at Sibos. Isabelle Olivier, head of Securities and Payments Initiatives, EMEA, SWIFT and Ignacio Terol, deputy head of division, Division Market Infrastructure Development at the European Central Bank, talk about the highlights of the trial and what comes next.

Getting ready for Europe’s new payments architecture

Payments market infrastructures globally are transforming, modernising their systems to align with an increasingly digital financial services environment. The Club talks to Saskia Devolder, Managing Director, Head of Western and Central Europe at SWIFT, about the impact of the changes under way at the EU’s market infrastructures, their migration to ISO 20022 and SWIFT’s strategy.