SWIFT

The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.

(source: en.wikipedia.org)

Cybercrooks’ Latest Trick: Steal Less Money
Cybercrooks’ Latest Trick: Steal Less Money
April 10, 2019  |  Security & Fraud

A report by Bloomberg said that after one of the biggest cyber heists in history involving the theft of $100 million from the Bangladeshi central...

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SWIFT Set To Shutter Data Matching Tool TSU
SWIFT Set To Shutter Data Matching Tool TSU
April 09, 2019  |  B2B Payments

Payments messaging company SWIFT is gearing up to close its Trade Services Utility (TSU), a workflow engine aimed at facilitating value-added supply chain services. Reports...

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ACI Worldwide Exec Warns APIs, ISO 20022 ‘Completely Incompatible’
ACI Worldwide Exec Warns APIs, ISO 20022 ‘Completely Incompatible’
April 05, 2019  |  B2B Payments

Payments messaging firm SWIFT announced Thursday (April 4) the establishment of an ISO 20022 working group to promote adoption of the payments messaging standard. But...

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SWIFT, Ripple Support EU Blockchain Group Launch
SWIFT, Ripple Support EU Blockchain Group Launch
April 05, 2019  |  Blockchain

A new blockchain association has been created to promote the adoption of the technology across the European Union. The group — the International Association of Trusted...

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SWIFT Working Group To Create ISO 20022 Standard
SWIFT Working Group To Create ISO 20022 Standard
April 04, 2019  |  Digital Payments

SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border...

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Cross-Border Payment Efforts Look To Blockchain And Beyond
Cross-Border Payment Efforts Look To Blockchain And Beyond
April 03, 2019  |  B2B Payments

Banks and FinTechs have set their sights on cross-border payments, looking toward speeding up consumer and B2B payments while lowering costs. From Thailand to Canada,...

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World Bank Sees DLT Potential For Cross-Border Transactions
World Bank Sees DLT Potential For Cross-Border Transactions
April 01, 2019  |  Payment Methods

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. At heart of the matter, of course, is the place...

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Banco Santander, BBVA, Others Adopt SWIFT gpi
Banco Santander, BBVA, Others Adopt SWIFT gpi
March 28, 2019  |  B2B Payments

SWIFT’s global payments innovation (gpi) has gathered steam in Spain, while separately new APIs are being made available to banks through a network to help...

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Six Spanish Banks Join SWIFT gpi For Cross-Border Payments
Six Spanish Banks Join SWIFT gpi For Cross-Border Payments
March 21, 2019  |  Faster Payments

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation...

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