Financial messaging

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/Financial messaging

Swift to profile correspondent banks for KYC data sharing

SWIFT announces the development of the SWIFT Profile, a unique report that provides a global overview of an institution’s correspondent banking activities, which banks can share at their own discretion.

/Financial messaging

Swift bemoans pressure to cut off Russia and Israel from network

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.

/Financial messaging

Central Bank of Nigeria advocates Swift sanctions screening to country's banks

SWIFT announces today at Sibos that the Central Bank of Nigeria is implementing its Sanctions Screening service and is mandating use of the hosted service by the country's banking community in order to strengthen the Nigerian financial market and ensure it meets global best practices for financial crime compliance.

/Financial messaging

Swift extends Alliance Lite2 to business applications

SWIFT announces today at Sibos it has extended its cloud-based connectivity solution, Alliance Lite2, to business applications.

/Financial messaging

Latvian banks to connect to EBA Clearing Step2 platform

Latvijas Banka, the central bank of Latvia, is scheduled to connect to the euro retail payment system STEP2 as a direct participant on 8th December 2014.

/Financial messaging

Swift comes good on discount pricing plan

SWIFT announces today at Sibos that it has delivered early on its commitment to reduce its messaging prices by 30-50 percent between 2010 and 2015, a goal the company set as part of its SWIFT2015 strategy in 2010.

/Financial messaging

Swift offers one year free access to KYC Registry

Swift will give free access to its new KYC Registry throughout 2015 to banks that contribute their own data to the service.

/Financial messaging

Worldline to use MyBank Mandates for Sepa compliance

Worldline [Euronext:WLN], European leader in the payments and transactional services industry, introduces electronic mandate services for SEPA Direct Debits (SDD) supporting MyBank, an Online Banking ePayment (OBeP) solution for e/m/commerce.

/Financial messaging

Swift to launch new business intelligence service for securities markets

SWIFT announces today at Sibos the introduction of Watch for Securities, a new business intelligence solution that will help securities market participants to monitor and gain valuable business insights from their network traffic.

/Financial messaging

Royal Bank of Canada joins Ibos network

Royal Bank of Canada (RBC) has joined the IBOS international banking network to access the wide range of cross-border and local banking services, in support of its Canadian client base who are expanding their business globally.

/Financial messaging

SmartStream ships TLM Exception Management Version 2.0

SmartStream Technologies, the leader in Transaction Lifecycle Management, today announced the release of Version 2 of their TLM® Exception Management product.

/Financial messaging

Swift baulks at EU resolution on Russian expulsion

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.

/Financial messaging

Earthport eyes Asian opportunity on £26.6 million placing

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.

/Financial messaging

Hong Kong signs for Swift RTGS backup system

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.

/Financial messaging

UK to press for Russian expulsion from Swift

The British government is urging EU nations to expel Russian banks from the Swift financial messaging network, as tensions grow over the escalating crisis in Ukraine.

/Financial messaging

Swift signs more banks to KYC Registry

Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.

/Financial messaging

Swift launches tool to help banks manage financial crime risk

Swift continues to build up its compliance unit through the launch of a business intelligence tool that lets banks comb through their own Swift traffic data in search of financial crime risks.

/Financial messaging

Swift Business Forum - London 2014 - Live Blog

Welcome to Finextra's live blog from the Swift Business Forum, London 2014, which was held Monday at the Brewery venue in the City of London, UK. This fourth instalment of the financial services Forum in the UK capital is entitled 'Doing good business in an era of re-regulation'.

/Financial messaging

East African banks create cross-border payment system

The central banks of Kenya, Tanzania and Uganda have connected their real-time gross settlement systems in an effort to bolster intra-regional trade in East African economies.

/Financial messaging

EU to maintain bank data sharing deal with US government following assurances

The European Union says it has received written assurances from the US government that NSA spies did not tap into financial messaging data transmitted over the interbank Swift network.