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)

The Multibillion-Dollar Problem Of B2B Payments Friction
The Multibillion-Dollar Problem Of B2B Payments Friction
May 01, 2018  |  B2B Payments

B2B payments is at the center of efforts to innovate by FinTechs, banks and others, but corporates’ business-to-business payment processes remain complex, erroneous and a...

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DBS Enables Real-Time Payments Tracking For SMBs
DBS Enables Real-Time Payments Tracking For SMBs
April 23, 2018  |  B2B Payments

Singapore bank DBS is introducing the ability for small businesses and larger corporates to track their cross-border payments in real time. Reports in Singapore Business...

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SWIFT To Introduce Real-Time Payments To APAC
SWIFT To Introduce Real-Time Payments To APAC
April 23, 2018  |  B2B Payments

Payments messaging company SWIFT is hoping to launch real-time payments services in the Asia Pacific region, according to Verdict reports on Friday (April 20). The...

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Wells Fargo Settles With Ecuadorian Bank Over 2015 Cyber Heist Case
Wells Fargo Settles With Ecuadorian Bank Over 2015 Cyber Heist Case
April 17, 2018  |  Legal

Ecuador’s Banco del Austro and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, and that suit could have an impact on...

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ICICI Bank Rolls Out SWIFT gpi
ICICI Bank Rolls Out SWIFT gpi
April 09, 2018  |  B2B Payments

SWIFT’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first...

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Philippine Central Bank Issues Alert After Cyberattack On Malaysian Bank
Philippine Central Bank Issues Alert After Cyberattack On Malaysian Bank
April 02, 2018  |  Safety and Security

The Philippine central bank is warning local financial institutions to be on the lookout for cyberattacks after the Malaysian central bank was hacked. According to...

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Malaysia Central Bank Says It Stopped Hack Via SWIFT
Malaysia Central Bank Says It Stopped Hack Via SWIFT
March 30, 2018  |  Security & Fraud

Malaysia’s central bank announced Thursday (March 29) that it was the subject of a cyber attack in which hackers aimed to steal money via fraudulent...

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SWIFT, SAP Streamline Corporates’ Multi-Bank Relations
SWIFT, SAP Streamline Corporates’ Multi-Bank Relations
March 28, 2018  |  B2B Payments

SWIFT and SAP are collaborating to facilitate corporate-to-bank connectivity into the SWIFT network, the companies recently announced. The payments messaging firm and the enterprise software...

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SWIFT Broadens Real-Time Payment Tracking Capabilites
SWIFT Broadens Real-Time Payment Tracking Capabilites
March 26, 2018  |  B2B Payments

SWIFT’s gpi initiative is broadening payment tracking capabilities, according to a press release from the payments messaging organization. An announcement Friday (March 23) said SWIFT...

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