290 articles tagged with this keyword
News/Financial messaging
Canada's impending adoption of the ISO20022 standard and Extended Remittance Information (ERI) will boost the use of digitised commercial payments, bringing huge benefits to the country, claims a new paper.
07 March 2016
Four years after taking the unprecedented step of barring Iranian banks from the Swift network, the Belgian-based co-operative is preparing to welcome the country's banks back into the fold following verification of a political agreement reached with Western powers over Iran's nuclear ambitions.
18 January 2016
In the wake of the Paris attacks, France's finance minister, Michel Sapin, says that European authorities need better access to Swift data in the fight against terrorism.
24 November 2015
The FIX Trading Community is opening its technical standards process to software developers throughout the financial industry using GitHub, with several high performance projects already published to the repository.
23 November 2015
The Canadian Payments Association estimates that the cost benefits to businesses of a move to the ISO20022 standard could be as high as $4.5 billion over five years simply from the elimination of cheques
18 November 2015
A group of financial market infrastructures have endorsed a Swift-driven Charter to jointly implement a global framework for ISO 20022 harmonisation across the industry.
12 October 2015
An international project to develop a set of harmonised standards for cross-border real-time payments has published a first draft of ISO 20022 messages for review.
10 August 2015
Iran's banks are to be allowed to reconnect to the Swift financial messaging network as part of a deal that sees the country limit its nuclear activity in exchange for an end to economic sanctions.
14 July 2015
A group of 11 industry associations have called on regulatory bodies to address the problems of poor data quality in derivatives reporting.
15 June 2015
Financial messaging network Swift is working with a host of market infrastructure providers and banks to develop a framework for harmonisation of the ISO20022 standard, amid concerns that a proliferation of different flavours of the protocol will lead to fragmentation.
20 May 2015
Europe's premier payments conference, EBAday, is taking on an increasingly global flavour as the quest for instant funds transfers brings representatives from the Federal Reserve, The Clearing House and Ripple to the podium.
24 April 2015
Financial messaging network Swift has introduced an automated data look-up service that identifies and validates payments reference data in real-time, reducing the time spent by bank back offices in correcting errors resulting from manual repairs and investigations.
20 April 2015
The main theme for the Swift Regional Conference in Copenhagen this year is disruption. The programme will explore the different challenges arising from newcomers, technology and regulation. It will look at how the financial industry can cope and turn these challenges into opportunities.
04 March 2015
The UK Payments Council has contracted with interbank messaging network Swift to provide a BIC-to-IBAN data platform, enabling the nation's banks to conform to new EU regulations on cross-border payments in the euro zone.
10 February 2015
Several Russian banks, including some subject to Western sanctions, will next week begin testing the country's new card payments system, designed to take on Visa and MasterCard.
09 December 2014
Swift says that it "regrets" the political pressure it has come under in recent months to cut off institutions and whole countries from its network, stressing that it does not have the authority to decide on sanctions.
06 October 2014
Swift will give free access to its new KYC Registry throughout 2015 to banks that contribute their own data to the service.
29 September 2014
Swift has given a strongly worded response to a European Parliament resolution calling on the EU to consider expelling Russia from the financial messaging network.
19 September 2014
Cross-border payments network Earthport has raised £26.6 million through the placing of 65 million shares with a mix of new and existing institutional investors.
18 September 2014
Hong Kong Interbank Clearing Limited (HKICL) has signed up to deploy Swift's new Market Infrastructure Resiliency Service (MIRS), which provides a backup to the territory's real time gross settlement (RTGS) system in the event of a catastrophic breakdown.
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