BNY Mellon’s Monika Aminiova discusses SWIFT gpi adoption in Finance Digest

Writing for Finance Digest, BNY Mellon’s Monika Aminiova, EMEA Cash Management Business Development Manager, Treasury Services, takes an in-depth look at how the payments sector could be transformed by SWIFT gpi, and how banks can help the initiative take root.

Although still being rolled out, SWIFT gpi’s impact on both the speed and transparency of cross-border transactions is already visible, and with more developments in the pipeline – such as the ability to stop and recall payments, and attach invoices to transactions – there is a real opportunity for banks to enhance their offering and provide a traceable, efficient and modern global payments experience for their clients.

“Undoubtedly, SWIFT gpi is an initiative that has the potential to revolutionise global payments”, says Aminiova, “But it is only through co-creation, cooperation and active engagement that banks can expect to access and harness the full potential of SWIFT gpi – and most importantly, render the cross-border transaction process more transparent, efficient and intuitive for clients.”

To read the full article, please click here.

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