Swift - News, Articles & Research

UK pushes Europe to cut Russia off from Swift

As Russia moves further into Ukraine and sanctions have isolated Russian banks from the rest of the global financial system, depriving the country of vital technology, UK foreign secretary Liz Truss has revealed that the “UK is working with allies to exclude Russia from the Swift financial system.”

25 February 2022

News/payments

Paysera shuts down payments to Russia; Swift exclusion remains off the table

Baltic fintech Paysera is to halt transfers to and from Russia and close accounts of Russian clients in a show of solidarity with Ukraine as it comes under siege from Russian armed forces.

24 February 2022

News/payments

West steps back from imposing Swift ban on Russia

Western governments are no longer considering cutting Russian banks off from the Swift network, Germany's Handelsblatt newspaper reported, citing German government sources.

18 January 2022

News/crypto

Swift explores expansion of network into the digital asset market

Banking co-operative Swift is to explore how it can support interoperability in the development of the tokenised asset market, working in conjunction with Clearstream, Northern Trust, SETL and other market participants.

23 December 2021

Company announcement/payments

Swift reflects on milestone year

A year after sharing a bold vision to enable instant and frictionless transactions from one account to another anywhere in the world, SWIFT today underlines major progress in realising this vision in 2021.

14 December 2021

Company announcement/payments

Swift launches translation service for cross-border payments

SWIFT today announces the availability of its new In-flow Translation service and confirms that it now offers a full ISO 20022 customer testing environment for cross-border payments.

09 December 2021

News/payments

Deutsche Bank launches Swift Beneficiary Account Verification service

Deutsche Bank has rolled out Swift's new Beneficiary Account Validation (BAV) service, enabling clients to verify payee account details before an international payment instruction is sent.

25 November 2021

Company announcement/Sibos

HSBC becomes first international bank to introduce Swift Payment Pre-validation

HSBC has made two enhancements to minimize the risk of unnecessary payment delays and deliver a smoother, more secure payments experience, including becoming the first bank with a global footprint to introduce SWIFT Payment Pre-validation.

14 October 2021

Company announcement/Sibos

One hundred banks sign up to Swift Go

SWIFT today announces that 100 banks around the world have signed up for SWIFT Go since it went live in July, underscoring strong demand for the service that enables small businesses and consumers to send fast, predictable, highly secure and competitively priced low-value cross-border payments from their bank accounts.

14 October 2021

News/Sibos

Sibos 2021: Swift, Deutsche Bank, Société Générale and C3.AI to collaborate on AI platform

On day two of Sibos 2021, representatives from Swift, Deutsche Bank, Société Générale and C3.AI took to the virtual stage to explore how collaboration and establishing a community between banks can support the deployment of artificial intelligence (AI) at scale.

12 October 2021

Company announcement/Sibos

Bottomline launches payments tracker using Swift APIs

Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced the latest API-based payments tracking service for banks worldwide, integrating SWIFT gpi data.

12 October 2021

News/Sibos

EBA Clearing, Swift and TCH test instant cross-border payments

Banks from both sides of the Atlantic have successfully exchanged real-time cross-border payment messages as part of a proof-of-concept trial conducted with Swift, EBA Clearing and The Clearing House.

11 October 2021