Brind.
  1. Major financial institutions, including Standard Chartered and DBS, discussed ongoing challenges within the cross-border payment industry.
  2. Major banks, including Citi, HSBC, and Standard Chartered, began using SWIFT's digital ledger for cross-border payments.

ACI Worldwide integrates hub with SWIFT blockchain ledger for cross-border payments

1 report, 1 independent Updated Sep 22
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

ACI Worldwide expanded its cloud-native payments hub, ACI Connetic, to support transactions processed through SWIFT's blockchain-based ledger alongside conventional payment flows. This integration allows banks to manage tokenized deposit payments and traditional transactions within a single operating model. The ledger, which is ready for initial use, enables the transfer of tokenized deposits across borders.

From yahoo.com

Why it matters

Some supportBrind's analysis of the reports

The integration allows financial institutions to introduce digital asset payment capabilities without replacing their existing processing infrastructure. By combining traditional and digital payments, the system enables banks to manage payment speed, transaction costs, and service availability across different payment types.

Major banks, including Citigroup, HSBC, and Standard Chartered, have begun utilizing SWIFT's digital ledger for cross-border payments.

From yahoo.com

Who's involved

  • ACI WorldwideIntegrated its payments hub with the SWIFT blockchain ledger.
  • SWIFTProvides the blockchain-based ledger infrastructure for cross-border payments.
  • CitigroupUtilizes SWIFT's ledger infrastructure for processing cross-border payments.
  • Standard CharteredIs a major bank utilizing SWIFT's digital ledger for cross-border payments.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • HSBCSpeculative

    HSBC could streamline tokenized and traditional payments, potentially lowering transaction costs.

Keep exploring

Part of

Major banks, including Citi, HSBC, and Standard Chartered, began using SWIFT's digital ledger for cross-border payments. All 1 developments

Within Major financial institutions, including Standard Chartered and DBS, discussed ongoing challenges within the cross-border payment industry.

The entities involved

Related events

Coverage

Newest first; wire copies grouped