Duygu Kaya, Swift's Capital Markets Strategy Director, has announced that the organization is making significant strides in advancing its projects, including Project CALM, which aims to streamline corporate actions using artificial intelligence (AI) and blockchain technology. The primary objective of this initiative is to address long-standing issues that have plagued the industry, such as data fragmentation and manual processing. By leveraging the power of AI and blockchain, Swift hopes to create a more efficient, secure, and transparent system for corporate actions. The use of blockchain technology is expected to play a crucial role in this endeavor, as it will enable the creation of a decentralized and immutable ledger that can facilitate the secure and efficient exchange of data. This, in turn, will help to reduce the risk of errors and discrepancies, while also increasing the speed and accuracy of corporate actions. Furthermore, the implementation of AI will enable the automation of many manual processes, freeing up resources and allowing for more strategic and high-value tasks to be undertaken. The advancement of Project CALM and other initiatives is a significant step forward for Swift, as it demonstrates the organization's commitment to innovation and its desire to stay at the forefront of the rapidly evolving financial landscape. As the financial industry continues to undergo significant transformation, it is essential for organizations like Swift to invest in cutting-edge technologies like AI and blockchain. By doing so, they can ensure that they remain competitive and are well-positioned to meet the changing needs of their customers and the wider market. With its focus on innovation and customer satisfaction, Swift is poised to make a significant impact in the financial sector.
