SWIFT’s latest product launch signals its continued efforts to accelerate and boost transparency in global B2B payments. But it’s also a reflection of the importance of industry collaboration between banks and FinTech innovators, with traditional financial institutions (FIs) often an important vehicle to test and quickly roll out the newest disruptive solutions.
BBVA Hops Onto SWIFT’s New X-Border Payments Tool
SWIFT announced the launch of its SWIFT Go solution this week, an accelerated cross-border payments service for low-value transactions. Designed to move and settle funds in seconds with enhanced transparency, SWIFT Go was built for consumers and small businesses for a variety of use cases, including SMBs’ global supplier payment needs.