Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

INTL FCStone joins Swift gpi

INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division ("GPD" or "the Company") has joined the SWIFT global payments innovation (gpi) initiative.

07 June 2017

Company update/Financial messaging

BofA Merrill Lynch joins Neptune fixed income network

Neptune, the Fixed Income network for real-time “axe” indications, today announced the addition of Bank of America Merrill Lynch (“BAML”) to its network. With BAML, Neptune now has 22 banks signed to participate on the network with 19 live.

16 May 2017

News/Financial messaging

After trashing Swift gpi, Ripple hires its biz director

Ripple has stepped up its rivalry with Swift, poaching Marjan Delatinne, who had been business director at the messaging network's new gpi programme - an offering Ripple has loudly trashed.

13 April 2017

News/Financial messaging

Swift introduces tool to help banks spot fraudulent messages

Swift has unveiled a real-time payment controls service designed to help banks spot fraudulent messages and avoid a repeat of the infamous Bangladesh Bank attack.

12 April 2017

News/Financial messaging

ISO rolls out new standards for mobile banking

International standards body ISO has rolled out a new set of specifications for mobile banking aimed at promoting financial inclusion.

06 April 2017

News/Financial messaging

Switzerland prepares for mass-market migration to ISO 20022 standard

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

News/Financial messaging

Fedwire and Chips to align with Swift gpi

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

Company update/Financial messaging

EBA Clearing to introduce EBICS as additional connectivity option for instant payment system

EBA CLEARING announced today that the future participants in its panEuropean instant payment infrastructure service will be able to use, in addition to SIANet, the Electronic Banking Internet Communication Standard (EBICS) for the exchange of transaction messages with the platform.

09 March 2017

Company update/Financial messaging

Corporates want banks to deliver payment standardisation

A new Nordea report focusing on the future of the corporate and business-to-business payments landscape, including the changing role of banks and the impact of new technology, has shown that a lack of industry standardisation is a key concern among businesses.

08 March 2017

Company update/Financial messaging

Ullink adds full MiFID II support to FIX engine

Ullink, a global provider of electronic trading and connectivity solutions to the financial community, today announced a new release of its leading FIX engine, UL APPIA.

02 March 2017

Company update/Financial messaging

Raiffeisen Bank Romania implements Allevo tech for corporate Sepa compliance

Raiffeisen Bank Romania, in its continuous efforts to be one step ahead of competition and offer world class services to their business clientele, chose to offer its corporate customers a plug and play solution for ensure compliance to SEPA regulations.

01 March 2017

Company update/Financial messaging

Pelican introduces PelicanFast for real-time payments processing and compliance

Pelican, a global provider of payments and compliance systems for banks and corporates, today launched PelicanFast, a real-time payments and compliance solution for organisations participating in the pan-European Instant Payments scheme of the European Payments Council.

23 February 2017

Company update/Financial messaging

Bank of Cyprus taps Dovetail to build payment hub

Dovetail, the provider of best-in-class payments and liquidity management solutions, has today announced that Bank of Cyprus has selected the Dovetail Payment Solution to equip the bank with payment hub functionality covering SWIFT, Target2, SEPA Credit Transfer and Direct Debits.

15 February 2017

Company update/Financial messaging

Swift introduces Daily Validation reports to help combat fraudulent messages

Combatting fraud is a challenge for the entire financial industry, as cyber-attacks grow in frequency and sophistication.

06 February 2017

News/Financial messaging

Swift goes deeper into the blockchain

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

News/Financial messaging

Faster Payments maps way to ISO 20022 standard

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

Company update/Financial messaging

XBRL US forms blockchain working group

XBRL US and ConsenSys, a blockchain technology company, have issued a call for participation to accountants, technologists and financial professionals to contribute to a new Working Group for developing standards for the tokenisation of assets on the blockchain.

16 December 2016

News/Financial messaging

Turkey's Akbank facing $4m liability after hack

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

Company update/Financial messaging

Efama talks up automation rates of fund orders

The European Fund and Asset Management Association (Efama), in cooperation with Swift, published a new report about the evolution of automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland during the first half of 2016.

15 December 2016

Company update/Financial messaging

Caribbean CSDs sign Swift’s ISO 20022 Harmonisation Charter

SWIFT announces today that the Barbados Central Securities Depository Inc. (BCSDI) and the Jamaican Central Securities Depository (JCSD) have signed up to the SWIFT ‘ISO 20022 Harmonisation Charter’, a framework of principles for the harmonised adoption of the ISO 20022 messaging standard.

08 December 2016