International Clearing and Settlement - Noyes 2013

How do banks process international payments?

[mali]

I worked in international payments industry. This video helped me get the big picture. Thanks

[marcotizzano]

Amazing explanation. I've been working in the payment card industry as a Software Developer for one year. I still have loads of things to study and understand. This video really clarifies what this part of the process is all about. Thanks a lot

[alaataktokani]

GREAT I have been trying to understand this operational matter of swift and settlement and your video explained alot very well

[nat.serrano]

Is the route chosen randomly?
Why not all banks have relationship with swift? Do they need to certify or soemthing?

[stefaniepitts]

Has the SWIFT changed in the new system?

[YanivMeoded]

Dear Tom! At about 07:50 in the video it says that 35% of all payments sent by banks result in Payment Routing Errors. You got me curious about error statistics related to international payment systems (routing errors or otherwise).

I googled quite a bit and failed to find such stats... Any direction / resource will be appreciated! Thanks in advance! :) (just followed you on Twitter as well)

[spartan]

How does bank to bank sett happens after remittances

[GP-iieg]

What about if I am in the UK and I'm sending USD to Australia for example?

[yizhang]

didn't explained how the physical money goes?

[nonesurvives]

Does China have its own payment messaging system now?

[ricardo]

why is the USA sending out payments in pound sterling in your example around 7:02? Also Bitcoin has already made this outdated system obselete

[luckywidsoni]

Thank you so much for the depth and clear processing knowledge sharing with us. It really gonna help at least to me itself the uses of SWIFT and importance of Route. Once again thank you sir! Keep share such ideas.

[arjunreddy]

finally how long take swift to India by receive payment

[tiktokjohnnysaint]

nice how millions are transfers from country to country

[InglesallYou]

would u give me private class 1 to 1 by skype ?

[vaultofideas]

Animation goes so fast and doesn't allow to read all at once, topic to be study.