Shaping the future of payments and securities through responsible innovation

For more than 40 years, SWIFT has collaborated with its network to identify industry-wide challenges and develop solutions for the benefit of the entire global financial system. Tom Zschach, Swift's chief innovation officer, speaks to Finextra Research about how innovation remains central to the co-operative's new strategy, and how state-of-the-art technologies will help it deliver on its vision. Swift's strategy boldly asserts that it will retool cross-border infrastructure to fundamentally transform payments and securities processing, enabling the world's financial institutions to deliver instant and frictionless end-to-end transactions. Zschach explains that not only is innovation tied to Swift's future success, "it is in fact the key enabler for us to be able to implement our new strategy." A decade from today, Zschach argues that the financial services industry will be intimately entwined with every person's life and it is this ecosystem that Swift must prepare for.