Innovation in Payments

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Innovation in Payments

February 3, 2021

When it comes to the future of payments, the destination is clear: a world where all have the expectation and ability to move money instantaneously, 24/7/365 and with full transparency. As the industry moves forward on this journey, an array of new industry initiatives and emerging technologies are transforming payments.

While the destination seems fixed, there is no single, fixed path that will take us there. In fact, there are multiple paths. Real-time payments, SWIFT gpi, SWIFT’s transaction manager, artificial intelligence, blockchain and digital currencies—to name just a few—are each providing banks with opportunities to make domestic and cross-border transactions faster, more frictionless, efficient, transparent and cost-effective.


As banks look to navigate the evolving landscape, they should invest in a suite of payment solutions, from legacy rails to the latest technologies, to ensure they are able to cater to the individual and varied needs of their clients, both now and in the future.


Discover more in our series

Innovation in Payments: Multiple Paths, One Destination


Part 1 looks at the industry initiatives and new technologies that will drive change to global payments in the coming years.


Innovation in Payments: Spotlight on Digital Currencies


Part 2 offers a deep dive on cryptocurrencies, central bank digital currencies and stablecoins – including how they might offer benefits in cross-currency FX swaps, securities settlement and, if the model proves successful, even cross-border payments.


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