SWIFT Press Releases

Swift AI Innovation Blueprint Enhances Fraud Detection Through Collaboration

Swift, in collaboration with 13 international banks, has developed an AI innovation blueprint that doubles real-time fraud detection capabilities. The initiative utilizes privacy-enhancing technologies to allow secure cross-border data sharing, aiming to significantly reduce industry fraud costs.

Swift Introduces New Rules for Faster, Predictable Retail Cross-Border Payments

SWIFT is introducing new network rules to ensure faster and more predictable cross-border retail payments. Over 30 banks have committed to this framework, which aims for upfront transparency on costs, guaranteed full value transfers, and instant settlement where possible, building on recent improvements that have accelerated 75% of payments to reach beneficiary banks within 10 minutes.

SWIFT to add blockchain-based ledger for digital finance

SWIFT announced it will add a blockchain-based shared ledger to its infrastructure to support real-time, 24/7 cross-border payments. The initiative, developed with over 30 financial institutions and Consensys, aims to facilitate the movement of regulated tokenized value across digital ecosystems.

Global Payments Switch to ISO 20022 Standard Complete

SWIFT announced the successful completion of the global switch to the ISO 20022 standard for cross-border payments on November 22, 2025. This transition marks the end of coexistence with the MT message format and aims to enhance payment speed, efficiency, and innovation.

SWIFT Framework Transforms Consumer Payments

SWIFT and over 25 banks are rolling out a new framework for cross-border retail payments, aiming to improve speed, price, and delivery certainty. The framework will initially benefit five major remittance markets, with more to be added by year-end, aligning with G20 targets for consumer payments.