Swift Eyes Industry Standard with Open KYC Registry
Financial messaging provider opens up Know Your Customer registry in bid to become standardized central utility.
Swift’s KYC Registry launched in 2014 and prior to September of this year, only Swift-affiliated institutions were eligible to register. Paul Taylor, head of product marketing for Swift’s financial crime compliance division, says the decision to open the registry is the answer to a direct request from correspondent banking users.
“An initial working group consisting of 12 global banks has now expanded, with nearly 4,100 banks in over 200 countries registered and using the Registry as of mid
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