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

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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US Mulls Banning Visa, Mastercard From Processing In Venezuela
US Mulls Banning Visa, Mastercard From Processing In Venezuela
March 15, 2019  |  Latin America

The U.S. might prohibit Visa, Mastercard and other financial institutions (FIs), such as SWIFT, from processing transactions in Venezuela. Citing a senior Trump administration official, Reuters...

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SWIFT Signals Further Openness To Blockchain?
SWIFT Signals Further Openness To Blockchain?
March 14, 2019  |  B2B Payments

The movement to bring blockchain to cross-border payments proceeds apace. Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger...

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RBI Fines 19 Lenders For SWIFT Non-Compliance
RBI Fines 19 Lenders For SWIFT Non-Compliance
March 05, 2019  |  Regulation

The Reserve Bank of India (RBI), the country’s central banking institution, has fined almost 20 lenders, including the State Bank of India and ICICI Bank,...

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ONPEX Links Wirexend To SWIFT Cross-Border Payments
ONPEX Links Wirexend To SWIFT Cross-Border Payments
March 05, 2019  |  B2B Payments

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. In a press release sent to...

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