290 articles tagged with this keyword
News/regulation
The Reserve Bank of India (RBI) has fined at least 19 banks, including ICICI, State Bank of India and Yes Bank, for failing to comply with rules on using the Swift network.
06 March 2019
Interbank messaging network Swift is to open its KYC Registry to corporates, providing a central hub for document exchange with multiple banking partners and eliminating duplication and ineffeciency.
12 February 2019
News/Financial messaging
Greater use of electronic trading and market volatility saw a record surge in trading data reported by the US capital markets watchdog in 2018, raising questions about regulators' ability to successfully and safely monitor markets.
05 February 2019
Swift has signed 14 major banks - including Bank of China, Citi and Deutsche Bank - to a pilot using APIs to pre-validate gpi payments, speeding up identification and cutting out errors and omissions in messages.
05 December 2018
News/payments
A Bank of England-led consultation on adoption of ISO 20022 has found widespread backing for the introduction of a Common Credit Message (CCM), which aims to harmonise messaging across the UK’s main interbank payment systems.
30 November 2018
News/Sibos
Innovation in financial services and the application of new technologies dominated conversation on day 1 of the Swift Operations Forum Europe (SOFE) 2018.
29 November 2018
EBA Clearing is working with Swift to move the large value payments system Euro1 to the ISO 20022 messaging standard, in line with the November 2021 deadline set for the migration of the Eurosystem’s Target2 platform.
24 October 2018
Litecoin’s Charlie Lee contradicted popular belief on day three of Money 20/20 by stating that cryptocurrency encourages free movement of money and blockchain advocates should expect a positive change in privacy protocol, as fungibility is the only missing component for widespread adoption.
Swift CEO Gottfried Leibbrandt used his opening remarks at this year's Sibos in Sydney to talk up the adoption of Swift’s gpi, better information sharing and visibility around breaches reducing cyber risk, and Swift’s efforts to remain neutral in the face of volatile geopolitical situations.
22 October 2018
Financial messaging platform Swift has published a blueprint for common API standards in collaboration with European banking standards bodies Stet and the Berlin Group.
16 October 2018
News/security
A North Korean hacking group has used the Swift network to try to steal more than $1.1 billion dollars from at least 16 financial institutions around the world since 2014, according to security specialist FireEye, which warns that he crooks are still operating.
05 October 2018
Welcome to Finextra's live coverage of the Swift Business Forum New York 2018. This event will focus on important issues affecting the financial industry, exploring how far and how fast the transformation of financial services will take place in the US and how firms can win in a digital-first world.
12 September 2018
UK-based Ebury has become the first fintech to be a full and active participant on gpi, Swift's cross-border payments scheme.
30 August 2018
Financial messaging network Swift is to undertake pilot tests of gpi-enabled real-time cross border payment inflows into Australia, plugging in to the country's domestic New Payments Platform.
23 August 2018
German Chancellor Angela Merkel has poured cold water on her foreign minister's suggestion that Europe should build its own alternative to Swift as a way of salvaging the Iran nuclear deal.
22 August 2018
Cambodia has become the latest country to launch a national body designed to foster more fintech collaboration with the launch of the Cambodia Fintech Association (CFA).
17 August 2018
Financial messaging network Swift has begun pilot trials of a multi-bank payments tracking service with 12 member institutions and 10 multi-national corporates.
25 July 2018
Banking co-operative Swift is to extend its global payments innovation (gpi) scheme to all 10,000 member banks on the network as it faces up to competition from the likes of Ripple and a growing disenchantment with old-school correspondent banking models.
25 June 2018
A lack of scalability and privacy issues are preventing banks from using distributed ledger technology (DLT) to process cross-border payments, says a senior executive at one of the most prominent startups in the DLT space.
14 June 2018
The UK's switch to ISO 20022 is closing in, with the Bank of England leading a six week consultation on adoption of the global payments messaging standard.
06 June 2018
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