Deutsche Bank’s Paula Roels makes the case for implementing SWIFT gpi, in FX-MM

SWIFT’s global payments innovation (SWIFT gpi) – an industry-wide initiative that connects every party in payment chain via a cloud solution – is tipped to become the new payment standard for correspondent banking. Before it can, however, a critical mass of banks must go live with the initiative’s operational mode.

Writing for FX-MM, Paul Roels, Head of Market Infrastructure & Industry Initiatives, Cash Management, sets out the case for SWIF T gpi’s adoption and offers practical guidance for those banks yet to embark on an implementation strategy.

Roels writes: “For the banking community to benefit fully from SWIFT gpi’s zero-sum gains, as many institutions as possible should accelerate towards live operational mode. Once this happens, we hope that the transformative capabilities of the payment standard should become increasingly apparent.”

Read the full article here.

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