The leading international transaction banking association

The BAFT Board of Directors has mutually agreed with the American Bankers Association (ABA) that BAFT will again become an independent association. We are currently targeting Aug. 31, 2025, as the separation date, to coincide with the transition between membership fiscal year cycles.

The BAFT working group on sustainable finance recently released a new white paper, Transaction Banking Sustainable Finance Product and Reporting Matrix. The paper provides guidance on transaction banking sustainable finance products currently being offered to both corporate and financial institution clients.

BAFT released its second white paper in the ISO 20022 series, “BAFT ISO 20022 Migrations: Best Practices and Guidance.” The report provides critical insights, strategies, and recommendations for financial institutions navigating the migration to the ISO 20022 standard for electronic data interchange between financial institutions. for free and to non-members for purchase.

BAFT launched a new initiative, the BAFT Women in Transaction Banking (WTB), with a mission to empower women professionals by providing necessary resources, networking opportunities, and mentorship to thrive in transaction banking roles. By addressing the gender gap in the industry, we aim to foster innovation, drive profitability, attract more talent, and create a more inclusive environment within transaction banking.