Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have all confirmed they’re making preparations to adopt the platform.
Swift has recently rolled out a new roadmap for the platform, claiming it will allow banks “to enable new services, improve efficiency and reduce costs”.
It will look to enhance Swift’s current cross-border payments flows with new features including upfront validation of beneficiary details, central management of exceptions, an extension of SWIFT’s high-speed GPI rails to lower-value payments and new rich data services based on the ISO 20022 standard.