290 articles tagged with this keyword
News/Financial messaging
Switzerland has started the countdown to a mass-market switch to the ISO 20022 standard for payments harmonisation across all consumer, corporate and bank payments, an initiative billed as the country's biggest financial infrastructure project in 390 years.
30 March 2017
Swift has taken a big step to realising one of the primary goals of its global payment initiative (gpi) by announcing an agreement with the Federal Reserve Banks and The Clearing House to support end-to-end payments tracking across their respective wire services.
13 March 2017
Interbank payments network Swift is stepping up its exploration of the blockchain, launching a new proof of concept test to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.
12 January 2017
The UK's Faster Payments scheme has released a mapping tool to enable developers to convert its existing ISO 8583 message protocol to the internationally recognised ISO 20022 standard.
10 January 2017
One of Turkey's largest banks could be liable for up to £4 million after suffering a cyber attack on the SWIFT global money transfer system, according to Reuters.
16 December 2016
Payments professionals from across Europe, Middle East and Africa have been gathering in Berlin for Swift's Operations Forum Europe conference to learn first hand how the interbank co-operative is dealing with ongoing security issues and new technology innovations in banking and finance.
23 November 2016
Wells Fargo has failed to convince a judge to dismiss a lawsuit brought against it by an Ecuadorian bank in connection with a $12 million theft made over the Swift network.
19 October 2016
Several banks have been attacked by a group using a new Trojan and tools that can manipulate Swift customers' transfer logs, warns security outfit Symantec.
11 October 2016
Wells Fargo and Australia's ANZ have built a shared distributed ledger platform prototype for correspondent banking payment reconciliation and settlement.
10 October 2016
In the wake of the $81 million Bangladesh Bank hack, Swift is prepping a new tool designed to help banks pick up on fraudulent transfers by sending them daily reports of their payment message flows.
20 September 2016
Interbank co-operative Swift is facing an uphill battle to convince its membership of the urgency of upgrading security after revealing a further spate of hacks against users of the financial messaging network.
31 August 2016
Swift is to push the gospel of global interoperability for the ISO 20022 messaging standard to the very top of the payments food chain with the formation of a High Value Payment taskforce comprised of global banks and major market infrastructure providers.
18 August 2016
The Payment Systems Regulator (PSR) has called for an overhaul of the UK's payments infrastructure to generate more competition and meet consumers' needs.
28 July 2016
A US congressional committee is to investigate the Federal Reserve's cyber security practices, according to Reuters which recently reported that there have been more than 50 cyber breaches at the central bank between 2011 and 2015.
06 June 2016
Swift chief executive Gottfried Leibbrandt says that member banks with weak cyber security could face the ultimate sanction - exclusion from the global interbank messaging network.
03 June 2016
The fallout from the $81 million Bangladesh Bank hack continues, with up to a dozen banks getting in touch with investigators to flag similar possible network breaches, according to Bloomberg.
26 May 2016
In the wake of the $81 million Bangladesh Bank hack, Swift is calling on clients to be more forthcoming in reporting attacks on its system. The request comes as Reuters reports that three banks involved in a $12 million attack last year failed to inform the messaging network.
20 May 2016
The president of Philippines-based Rizal Commercial Banking Corp (RCBC) has resigned despite being cleared by an internal investigation into the bank's connection with the $81 million Bangladesh Bank hacking scandal.
09 May 2016
As the hype surrounding distributed ledger technology continues to build, Swift is acknowledging the inevitable and promising to evolve its platform to enable DLT-based services - but only when a series of "critical factors" have been addressed.
20 April 2016
Switzerland has pressed the button on a new interbank payment system (SIC), using the ISO 20022 messaging standard to provide a host of new services to bank and corporate users.
18 April 2016
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.