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 Debunks Ripple Integration Rumor
SWIFT Debunks Ripple Integration Rumor
November 07, 2018  |  Cryptocurrency

SWIFT threw cold water on a rumor Wednesday (Nov. 7) that it helped drive the price of XRP, the cryptocurrency associated with Ripple, ahead of...

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SWIFT Kicks Iranian Banks Off Messaging System Due To Sanctions
SWIFT Kicks Iranian Banks Off Messaging System Due To Sanctions
November 06, 2018  |  International

SWIFT, the messaging system that connects over 11,000 financial institutions as they transfer money around the globe, has ended its relationship with Iranian banks, succumbing...

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Faster Payments, Real-Time Payments And A Few Glitches
Faster Payments, Real-Time Payments And A Few Glitches
November 01, 2018  |  Faster Payments

Speed matters in payments, and as B2B moves away from checks, some recent infrastructure initiatives and announcements show traction in Europe and Asia.  However, as...

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SWIFT X-Border Payments Test ‘Instant’ Success?
SWIFT X-Border Payments Test ‘Instant’ Success?
October 25, 2018  |  Payments Innovation

SWIFT says its global payments innovation (gpi) payments test across borders has been a success. Elsewhere, payments system improvement initiatives are underway, notably in the...

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Treasurers Begin Exploring New Open Banking Opportunities (And Risks)
Treasurers Begin Exploring New Open Banking Opportunities (And Risks)
October 23, 2018  |  B2B Payments

Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept...

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SWIFT Weighs In On State Of APIs For FIs In Global Economy
SWIFT Weighs In On State Of APIs For FIs In Global Economy
October 22, 2018  |  B2B Payments

In a recent white paper, SWIFT weighs in on how FIs are catching up in the API arena — and how a consistent experience is...

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SWIFT Launches Payment Controls To Beef Up Protections
SWIFT Launches Payment Controls To Beef Up Protections
October 22, 2018  |  Security & Fraud

SWIFT announced Monday (October 22) the launch of Payment Controls, a new in-network solution to combat fraudulent payments and to help strengthen customers’ existing security....

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SWIFT Successfully Tests Instant X-Border Payments
SWIFT Successfully Tests Instant X-Border Payments
October 22, 2018  |  Cross Border Commerce

SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia....

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Citi, HSBC Join Bank Group In Global Trade Finance Effort
Citi, HSBC Join Bank Group In Global Trade Finance Effort
October 19, 2018  |  B2B Payments

Citi, HSBC and Banco Santander are among seven major global banks that are banding together to form a cross-border trade finance network, Reuters reported Thursday (Oct....

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