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

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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SWIFT Reveals Success, Future Challenges Of Blockchain PoC
SWIFT Reveals Success, Future Challenges Of Blockchain PoC
March 09, 2018  |  B2B Payments

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation...

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City Union Bank Says Hackers Transferred $2M
City Union Bank Says Hackers Transferred $2M
February 19, 2018  |  Fraud Attack

City Union Bank, the Indian bank, disclosed this past weekend that it was hacked — with bad guys transferring close to $2 million. According to...

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Russian Central Bank Says $6M Hack Linked To SWIFT
Russian Central Bank Says $6M Hack Linked To SWIFT
February 16, 2018  |  Security & Fraud

The Central Bank of the Russian Federation is reporting a SWIFT hack last year that saw hackers made 339.5 million rubles ($6 million) disappear.  The disclosure...

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Aussie’s New Payments Platform (Called New Payments Platform) Goes Live   
Aussie’s New Payments Platform (Called New Payments Platform) Goes Live   
February 13, 2018  |  Faster Payments

The Reserve Bank of Australia and its Payments System Board announced on Tuesday (Feb. 13) the launch of a new payments infrastructure – called the New...

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