SINGAPORE, March 2021 - The BIS Innovation Hub and SWIFT today announced the winners of the ISO 20022 hackathon, which invited teams to build and showcase solutions that enhance cross-border payments, using the ISO 20022 standard for payments messages and application programming interfaces (APIs).
The winners were chosen by a panel including experts from the Bank of England, the Committee on Payments and Market Infrastructures, DBS Bank (Singapore), European Central Bank, Federal Reserve System, Innovate Finance (UK), New Payments Platform (Australia), Payments Canada, SWIFT, and Swish (Sweden).
Atomic Wire won for its highly scalable stream processing solution that performs real-time atomic settlement of FX transactions, eliminating settlement risk and removing barriers to adopting payment-versus-payment for cross-border payments.