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’s Headway on Faster Cross-Border Payments Is Just the Beginning
SWIFT’s Headway on Faster Cross-Border Payments Is Just the Beginning
August 22, 2023  |  Faster Payments

One overarching theme in payments — no matter whether commercial or retail transactions — is that of speed.   Faster payments tend to translate into greater...

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Ripple Joins BIS Task Force for Cross-Border Payments
Ripple Joins BIS Task Force for Cross-Border Payments
August 11, 2023  |  Payment Methods

Enterprise blockchain and crypto solutions provider Ripple is among the members of a cross-border payments task force recently formed by the Bank for International Settlements (BIS). As part of the cross-border...

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Ripple Optimistic About US Banks Adopting XRP
Ripple Optimistic About US Banks Adopting XRP
July 17, 2023  |  Cryptocurrency

Ripple is reportedly optimistic about the prospect of financial institutions being interested in using its On-Demand Liquidity (ODL) product, which utilizes XRP for money transfers, in...

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What All Banks Can Learn From Bank of England’s June 2023 ISO 20022 Migration
What All Banks Can Learn From Bank of England’s June 2023 ISO 20022 Migration
July 17, 2023  |  Faster Payments

When it comes to embracing new ways of doing things in payments — adopting standards, fostering new use cases — boring is good. Boring implies...

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Swift Testing Use of Its Infrastructure for Cross-Border Transfers Over Blockchains
Swift Testing Use of Its Infrastructure for Cross-Border Transfers Over Blockchains
June 06, 2023  |  Blockchain

Swift is testing the use of its existing infrastructure to transfer tokenized value over blockchain networks. The provider of financial messaging services is working with...

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ACI Worldwide Launches New Solution for Low-Value Cross-Border Payments
ACI Worldwide Launches New Solution for Low-Value Cross-Border Payments
May 22, 2023  |  Cross-border Payments

ACI Worldwide has launched a new solution for sending low-value cross-border, real-time payments. The provider of real-time payments software has added Swift Go to its cross-border payments offering,...

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International CBDC Aims to Unify Fragmented Digital Currency Landscape
International CBDC Aims to Unify Fragmented Digital Currency Landscape
April 11, 2023  |  Payment Methods

The central bank digital currency (CBDC) field has become crowded, global in scope, and yet in many cases, fragmented. Generally speaking, in concept, the CBDC...

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Swift Picks JPMorgan’s Graeme Munro as New Chair
Swift Picks JPMorgan’s Graeme Munro as New Chair
March 30, 2023  |  Personnel

Financial messaging system Swift has chosen a new leader for its board. Graeme Munro, a 30-year veteran of J.P. Morgan Chase, has been elected non-executive...

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UK to Modernize Its Real-Time Payment Architecture
UK to Modernize Its Real-Time Payment Architecture
January 05, 2023  |  emea

The U.K. is upgrading its instant payment system to incorporate a modern ISO 20022-compliant architecture. Known as the New Payment Architecture (NPA), the initial plan...

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