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)

EU Parliament Eyes New Rules On Cross-Border Payment Fees
EU Parliament Eyes New Rules On Cross-Border Payment Fees
February 21, 2019  |  B2B Payments

This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone....

READ MORE >
Cross-Border Payment Efforts Grab Funding
Cross-Border Payment Efforts Grab Funding
February 14, 2019  |  B2B Payments

Amid the battle heating up between Ripple and SWIFT over payments infrastructure, SendFriend, a Ripple partner, gets funding for its cross-border payments efforts. Elsewhere, MUFG...

READ MORE >
Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
February 13, 2019  |  B2B Payments

Payments messaging firm SWIFT announced on Tuesday (Feb. 12) that it will now allow corporates to join its KYC Registry in an effort to facilitate the...

READ MORE >
SWIFT Expands Its Reach By Adding Corporates To KYC Registry
SWIFT Expands Its Reach By Adding Corporates To KYC Registry
February 12, 2019  |  Banking

SWIFT announced Tuesday (February 12) that it opened its Know Your Customer platform, the KYC Registry, to corporate groups. In a press release, SWIFT said that...

READ MORE >
Deep Dive: Fighting Fraud At The Genetic Level
Deep Dive: Fighting Fraud At The Genetic Level
February 05, 2019  |  Digital Banking

To fight fraud effectively, financial institutions need to clearly understand it, right down to its DNA. The Digital Banking Tracker's includes a Deep Dive on...

READ MORE >
SWIFT To Assist Bangladesh Bank After $81M Hack
SWIFT To Assist Bangladesh Bank After $81M Hack
February 04, 2019  |  Security & Fraud

SWIFT global payments network has agreed to help Bangladesh Bank  rebuild its infrastructure after hackers stole $81 million in 2016. The funds were stolen when cybercriminals...

READ MORE >
Bangladesh To Sue Philippine Bank RCBC In Alleged $81M Cyber Robbery
Bangladesh To Sue Philippine Bank RCBC In Alleged $81M Cyber Robbery
January 30, 2019  |  Legal

The Bangladesh central bank governor said the country is going to file a lawsuit against Philippine bank Rizal Commercial Banking Corp (RCBC) for its alleged...

READ MORE >
SWIFT Ties gpi To eCommerce And DLT
SWIFT Ties gpi To eCommerce And DLT
January 30, 2019  |  Digital Payments

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.” According to...

READ MORE >
Fizzle Of The Week: Munchery And The Suppliers Left Behind
Fizzle Of The Week: Munchery And The Suppliers Left Behind
January 25, 2019  |  Sizzle/Fizzle

Despite raising over $125 million in venture funding from the likes of Greycroft, ACME Ventures (formerly known as Sherpa Capital), Menlo Ventures, e.Ventures, Cota Capital,...

READ MORE >