This session dedicated towards Payment Application Providers, highlights the strategic direction gpi is heading towards and emphasises how we can extend our collaboration to have you and your clients benefits even further from the future of payments.
By now, more than 75 financial institutions have gone live with SWIFT gpi. Some of the early adopters did this more than a year ago – so what have they learned? Has there been a first mover advantage? This insightful and candid session will see a representative from one of the first banks to join gpi, share their unique insights and their experience to date.
Are you curious about SWIFT gpi but not sure where to begin?
To find out how to join and what it can offer your business, drop in on this Knowledge Bar session to meet an expert in a relaxed and informal setting and ask any questions you may have.
Join this hands-on session to view the brand new gpi Observer Analytics solution and hear from peers who piloted the tool. Discover the unique insights that can be gained about your gpi correspondent network, payment routes, speed of end-to-end gpi transactions and durations, benchmarking, market practices and global gpi adoption.
A large scale transformation is underway across the cross-border payments ecosystem. Gone are the days where the historically opaque and inconsistent cross-border payments process was seen as acceptable by end users or sustainable by the industry. Fundamental shifts in client expectations and available technology, coupled with a proliferation of new payment intermediaries and infrastructures, are catalysts for this transformation, as are developments taking place in the correspondent banking network itself.
For some years now DLT has been positioned as the technology that will have the same effect on our society as the introduction of the Internet itself. Numerous proofs of concept, prototypes and impact analysis later, do we still believe in the disruptive nature of DLT?
SWIFT gpi has rapidly reduced frictions and transformed the customer experience in cross-border payments. Yet new challenges appear as market needs continue to evolve. To help you stay ahead of the curve, the gpi community is exploring several new initiatives that leverage the gpi platform. But where would you put your money first: A new payment pre-validation service? A payment investigation resolution service? A cross-border payment collection service? Real-time cross-border payments? Or maybe you have an idea that you’d like to pitch?
With more and more banks embedding gpi ‘track & trace’ capabilities in their banking portals, the transformation of cross-border payments has already brought significant benefits to corporate treasury operations on the buyer side. Yet this leaves corporates on the supplier side watching these gpi developments with envy as they continue to struggle with cross-border payment challenges in reconciliation, international collections and liquidity management. So what exactly are the needs of corporate sellers? And how can we leverage the gpi platform and tracker to respond to them?
Stimulated by technological growth and new entrants, the world of international payments is experiencing considerable pressure for change. Transactions across borders have to be faster and simpler. Platforms to send transactions have to be more open, compliant and secure than ever. Even the market providers themselves are no longer bank dominated, with FinTechs and players from outside of the financial sector creating disruption both good and bad.
gpi’s aim is to ensure corporates experience fast, transparent and traceable cross-border payments across all their trading corridors and currencies – a ‘new norm’ responding to the expectations of corporates operating in an increasingly digitally interconnected world. Whilst gpi has witnessed fast bank adoption, universal roll-out of gpi across all SWIFT members is essential to deliver on the true end-to-end gpi journey across all countries and corridors.