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

Iran Central Bank Deputy Chief Arrested In Fraud Crackdown
Iran Central Bank Deputy Chief Arrested In Fraud Crackdown
August 06, 2018  |  Security & Fraud

The deputy chief of Iran’s central bank was dismissed from the position and arrested as part of the government’s crackdown on financial fraud, according to...

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SWIFT To Start Testing Enhanced Multi-Bank Standard For Cross-Border Payments
SWIFT To Start Testing Enhanced Multi-Bank Standard For Cross-Border Payments
July 25, 2018  |  Banking

Financial messaging company SWIFT, along with a number of corporates and banks, announced Wednesday (July 25) plans to begin testing a multi-bank standard to further...

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Latin America Tries To Tackle Its Digital Security Problem
Latin America Tries To Tackle Its Digital Security Problem
June 28, 2018  |  Fraud Prevention

One of the recent cyberattacks against Latin American financial institutions, this one targeting Mexico’s central bank, resulted in the theft of a reported $15.2 million....

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Russia Prepares For SWIFT Exit With Blockchain
Russia Prepares For SWIFT Exit With Blockchain
June 16, 2018  |  B2B Payments

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). The Russian Association of...

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SWIFT Signs Up More Chinese Banks For GPI
SWIFT Signs Up More Chinese Banks For GPI
June 15, 2018  |  Cross Border Commerce

A new deal involving SWIFT and 10 Chinese banks represents the latest move in the global competition to facilitate cross-border payments. In a statement, the...

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Amex Inadvertently Confirms Ripple Blockchain Platform Plans
Amex Inadvertently Confirms Ripple Blockchain Platform Plans
June 13, 2018  |  B2B Payments

It’s not entirely clear yet how — or if — blockchain will transform the financial services market, but that hasn’t stopped industry players from scrambling...

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Ripple, SWIFT Vie For Top Cross-Border Payments Spot
Ripple, SWIFT Vie For Top Cross-Border Payments Spot
June 07, 2018  |  B2B Payments

Competition in the cross-border payments market is on the rise as blockchain firm Ripple and payments messaging company SWIFT vie for market leadership. Reports in...

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SWIFT Caught Up In The Squeeze Over The Iran Deal
SWIFT Caught Up In The Squeeze Over The Iran Deal
June 06, 2018  |  Europe

SWIFT, as an organization, bills itself as a neutral player in the global economic system. That’s why the recent international flare-up over U.S. President Donald...

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Ripple Partners With Kuwait Finance House For Cross-Border Payments
Ripple Partners With Kuwait Finance House For Cross-Border Payments
May 31, 2018  |  Blockchain

Adopting Ripple’s system for international remittance payments, The Kuwait Finance House (KFH) has joined Ripple Net. The institution is reportedly the first bank in Kuwait...

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