Financial messaging

547 articles tagged with this keyword

/predictions

Deutsche Bank report warns of fallout from Russia's Swift ban

Facing criticism for its reluctance to pull out of Russia, Deutsche Bank has published a research report warning that banning the pariah state from Swift will "complicate trade and amplify jitters".

/payments

INA taps IntellectEU for payment tracking

INA, Plc. signs with IntellectEU for use of innovative payment tracking solution payLOCATOR.

/payments

VTB and Rostelecom test new financial messaging service

VTB was the first among Russian banks to start testing a new product, the SPFS Service Bureau, which is aimed at exchanging financial documents with users of the Bank of Russia Financial Messaging System (SPFS) without a direct connection to it.

/payments

ABA backs Fed's plan for single-day Fedwire ISO 20022 migration in 2023

The American Bankers Association is supporting the Federal Reserve's plan to migrate the Fedwire Funds Services to the ISO 20022 message standard in a single day - but says it has "serious concerns" about a lack of detail on testing strategy and requirements for the move.

/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.

/cloud

Wells Fargo invests in Volante

Wells Fargo is the latest Wall Street giant to back Volante Technologies, investing $10 million in the cloud payments and financial messaging firm.

/payments

UniCredit and JP Morgan employ Swift Go for payments between Europe and US

Utilising the banking cooperative’s low value remittance solution, UniCredit and JP Morgan have partnered to allow small businesses and consumers send fast and secure near real-time cross border payments at a competitive price with Swift Go.

/payments

Fed invites comments on shift to ISO 20022

The Federal Reserve Board on Monday announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service.

/payments

DBS introduces real-time digital cross-border incoming payment tracking

DBS has launched real-time online tracking for cross-border collections for businesses in India in partnership with SWIFT Global Payments Innovation (gpi).

/people

Swift hires JPMorgan Chase's Hunter to lead Americas and UK business

Swift has appointed John Hunter, the former boss of JPMorgan Chase's global clearing services, as its chief executive of the Americas and UK region.

/markets

Profile Software updates Axia Custody

Profile Software, an international financial solutions provider, announced today the new release of Axia Custody the advanced automated custody platform that delivers streamlined operations, globally.

/payments

Swift goes live with payment pre-validation service

SWIFT today announced the go-live of a service that will enable banks to verify payee account details before an international payment is sent, removing a key point of friction in cross-border transactions.

/wholesale

IntellectEU payment tracking product gets Swift gpi for corporates label

IntellectEU is pleased to announce that payLOCATOR, an innovative payment tracking solution enabling direct access to payment information for bank's clients and their counterparties, has recently received a SWIFT gpi for Corporates label.

/payments

Mizrahi-Tehafot Bank goes live with Finastra

Finastra today announced that Mizrahi-Tehafot Bank, the third largest bank in Israel, has chosen its pre-packaged payments solution, Fusion Payments To Go. The solution, aimed at small and medium-sized banks looking to implement domestic and cross-border payment services, will enable the bank to offer its customers frictionless and immediate payments, with reduced, fixed implementation cost. With a modern and agile solution in place, the bank will be able to better serve its customers, and in turn to grow its business, whilst being prepared for changing regulations such as ISO 20022.

/people

Symphony CEO David Gurlé steps down

Symphony Communication Services has announced today David Gurlé will step down on May 31, 2021 and has appointed Brad Levy, current president and chief commercial officer of the company, as chief executive officer as of June 1, 2021.

/payments

Federal Reserve announces ISO 20022 specifications for initial launch of FedNow

The Federal Reserve has released message specifications for the initial launch of its FedNow Service for instant payments based on the standard set by the International Organization for Standardization, or ISO.

/payments

FedNow outlines approach to ISO 20022 specifications

The new year is off to a fast start for the FedNow Service.