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27th April 2012

SWIFT launches financial research institute

SWIFT has launched a new finance research body, the SWIFT Institute, described as "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 Institute is based at SWIFT's Brussels HQ. It is to 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.


The first research grants to be issued by the Institute will cover three topical areas:
- RMB internationalisation
- Financial supply chain management
- Banking inclusion


More generally SWIFT say it will fund research into
- Payments Clearing / Settlement
- Cash Management
- Trade Finance
- Trust and Securities


SWIFT has formed an advisory council including central bank officials, senior bankers and academics to oversee the institute.


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."