SWIFT has launched a new body dedicated to fostering research and disseminating knowledge and information about the financial services industry, with a particular focus on transaction banking.
The Brussels-based SWIFT Institute will fund and publish independent research and bring together academics and practitioners to inform, debate and learn from each other. The research will be conducted by academics and senior industry professionals and will be funded by SWIFT.
Yawar Shah, SWIFT Board Chairman and COO, explained, SWIFT is stepping up to the requests of the banking industry, especially from the leaders of the global transaction banking businesses, to foster research in this important area to assist with thought leadership on key strategic matters. It is a limited but important initiative for SWIFT in its role as a global, neutral, trusted third party.
The research will cover various aspects of transaction banking, including payments, clearing / settlement, cash management, trade finance and trust and securities.
The first research grants to be issued by the Institute will cover three topical areas: RMB internationalization; financial supply chain management; and banking inclusion
Full details of these grants, including the grant recipients, will be available soon on the SWIFT Institutes web site, which went live today: www.swiftinstitute.org.
(JDC)