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SWIFT’s gpi goes live
Forum Administrator
#1 Posted : 23 February 2017 13:28:06
Rank: Administration



Joined: 2009-11-30
Posts: 247
This discussion refers to the article:

SWIFT’s gpi goes live

With SWIFT’s global payments innovation (gpi) initiative officially launched last week, Treasury Today finds out what it means for corporate treasurers.
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Romaldini
#2 Posted : 23 February 2017 13:28:06
Rank: New member



Joined: 2016-12-07
Posts: 1
This is overdue and Swift has developed this to stretch its virtual monopoly for bank's international transfer that is being threatened by the development of blockchain tech. In order to stay relevant Swift needs to be in the forefront of this new tech.
aunterste
#3 Posted : 05 April 2017 14:31:04
Rank: New member



Joined: 2011-02-25
Posts: 2
I applaud this initiative to improve the transparency and feature set of international payments. Corporate Treasuries have waited for the "DHL of payments" since Heidi Miller of (then) JPMorgan made that analogy for the first time at SIBOS 2004 (!) in Atlanta. The initiative however fall short in including the instructing parties and beneficiaries in the development and roadmap. Despite the success claimed, Corporate customers still have to see the first payment that they could actually trace and or where the speed of execution was actually improved. It is not a DHL experience if only DHL knows where the package is at any time and the same is true here. The pressure from emerging technologies is big and until concrete implementations and customer consultations take place, it remains a facelift to an antiquated payments model.
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