SWIFT message services are used by over 11,000 financial institutions in more than 200 countries. SWIFT was interested what insights could be drawn from the “Big Data” that it collects when transmitting messages between financial institutions.
Analyse the payment networks created by flows of SWIFT MT103 messages to draw insights about macroeconomic, geo-political and compliance topics.
Analysis of the SWIFT payment networks revealed a number of insights, including the phenomena of de-risking, payment country blocks relevant for sanctions analysis and how geopolitics shape them, and estimated the cost of the financial crisis at $5 Trillion. The outcome of the research was presented at Sibos 2014 by SWIFT CEO Gottfried Leibbrandt.
- SWIFT Institute Research Paper: The global network of payment flows
- Research Paper: The Impact of Anti-Money Laundering Regulation on Payment Flows