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

Nium Launches SWIFT Brokerage Payment Alternative
Nium Launches SWIFT Brokerage Payment Alternative
March 16, 2022  |  Payment Methods

Global payments firm Nium debuted a brokerage payment tool Wednesday (March 16) that’s designed to serve as a faster and cheaper alternative to the SWIFT...

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EMEA Daily: Meta Faces Fines in South Africa; CloudPay, Visa Partner on Payroll Payments; UK Crime Agency Eyes Crypto Mixers
EMEA Daily: Meta Faces Fines in South Africa; CloudPay, Visa Partner on Payroll Payments; UK...
March 15, 2022  |  International

In today’s top Europe, Middle East and Africa news, South Africa’s competition regulator is seeking to prosecute Facebook for abusing its dominance in the social...

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Banks Worry Russia Will Target SWIFT System
Banks Worry Russia Will Target SWIFT System
March 15, 2022  |  International

Financial executives are expressing fears of Russian cyber attacks on SWIFT after several of the country’s biggest banks were removed from the payments messaging system....

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Report: EU Considers SWIFT Ban for Belarus Banks
Report: EU Considers SWIFT Ban for Belarus Banks
March 03, 2022  |  International

Days after several Russian banks were reportedly barred from SWIFT, the international messaging system used to process payments, the European Union is considering adding banks...

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EU Mulls Blocking Russian Banks From SWIFT, but Big Name FIs Are Missing
EU Mulls Blocking Russian Banks From SWIFT, but Big Name FIs Are Missing
March 02, 2022  |  International

The European Union might trim seven Russian banks from SWIFT, the international messaging system used to process payments, according to documents seen by POLITICO Tuesday...

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Global Banks Rush to Comply With Russian Sanctions
Global Banks Rush to Comply With Russian Sanctions
February 27, 2022  |  Banking

Senior management and compliance teams at major banks have been working vigilantly to understand the new sanctions imposed on Russia, Reuters reported Sunday (Feb. 27)....

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Russians Hoard Cash in Wake of Bank Sanctions
Russians Hoard Cash in Wake of Bank Sanctions
February 27, 2022  |  International

In Moscow and other Russian cities, people are trying to get cash, both in rubles and dollars, due to fears of a fiscal crash following...

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US Allies Escalate Financial War Against Putin, Freeze Russian Central Bank Foreign Reserves
US Allies Escalate Financial War Against Putin, Freeze Russian Central Bank Foreign Reserves
February 26, 2022  |  International

As reports of military action and casualties mount following Russia’s invasion of Ukraine, a parallel ‘financial war’ is also escalating that is aimed at isolating Moscow through a growing...

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EMEA Daily: Ukraine Revokes Licenses of Russian Banks Sberbank, VEB; European Parliament Indefinitely Delays Crypto Reg Vote
EMEA Daily: Ukraine Revokes Licenses of Russian Banks Sberbank, VEB; European Parliament Indefinitely Delays Crypto...
February 25, 2022  |  International

In today’s top Europe, Middle East and Africa (EMEA) news, Russia’s financial services were further handicapped when the National Bank of Ukraine revoked the licenses...

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