10/22/2026
"What I did almost 40 years ago when I started my career is largely the same as what many banks do today."
While cross-border payments now move in minutes with Swift gpi tracking and rich ISO 20022 data, investigations still take an average of 8 days. Speaking at Sibos 2026, Andy Elliott, Vice President, Product Strategy at EvonSys, addressed why payment exceptions remain stuck in the past.
During the session "From Exception to Opportunity: How Case Management Can Further Accelerate Payments," Andy identified 4 core structural barriers slowing down operations:
Outdated Messaging: Over-reliance on unstandardized MT199 free-text messages and manual emails requiring constant human intervention.
Chain-Based Routing: Investigations sequentially trail the multi-hop payment path, compounding latency at every step.
No Shared Taxonomy: Disparate definitions of status and 'done' across institutions, forcing manual interpretation between banks.
Missing Service Level Agreements: Absence of binding resolution timelines between intermediary banking partners.
Watch the full panel discussion featuring experts from Swift, Absa Group, and HSBC: https://www.evonsys.com/blog/the-case-for-rethinking-payment-investigations