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

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.

19 September 2014

News/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.

18 September 2014

News/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.

18 September 2014

News/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.

01 September 2014

News/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.

22 July 2014

News/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.

29 April 2014

News/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'.

29 April 2014

News/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.

12 December 2013

News/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.

27 November 2013

News/Financial messaging

MEPs vote in favour of suspending Swift data sharing deal; call for on-site investigation

European parliamentarians have voted in favour of suspending the EU/US bank data sharing deal in response to the US National Security Agency's alleged tapping of messages transmitted over the Swift banking network.

24 October 2013

News/Financial messaging

CameronTec agrees Greenline acquisition

Sweden's CameronTec has signed a definitive agreement to buy US FIX and electronic trading tech specialist Greenline Financial Technologies from MarketAxess. Financial terms were not disclosed.

02 October 2013

News/Financial messaging

MEPS to debate NSA tapping of Swift data

European politicians are to debate the purported tapping by the US National Security Agency of bank-to-bank payments messages sent over the Swift network.

23 September 2013

News/Financial messaging

Swift bids to carve out space in regulatory compliance

Financial messaging network Swift is looking to extend its remit to the emerging regulatory landscape, pitching its shared market infrastructure as a cost-effective means for financial institutions to ease the compliance burden.

17 September 2013

News/Financial messaging

SIX Securities Services chooses Swift for T2S connectivity

SIX Securities Services, the CSD group for Switzerland, has signed up to Swift's Value Added Network (VAN) to connect to Target2Securities.

16 September 2013

News/Financial messaging

Bottomline buys Sterci and Simplex

Bottomline Technologies is increasing its presence in the financial messaging arena with the acquisitions of Swiss outfit Sterci and London-based Simplex. Financial terms have not yet been disclosed.

21 August 2013

News/Financial messaging

Fidessa opens FIX Post-trade Confirmation Hub

Fidessa has opened a Post-trade Confirmation Hub which allows buy-side and sell-side firms to confirm trades between themselves via the open source messaging protocol FIX.

01 August 2013

News/Financial messaging

Back office costs for T2S to run as high as EUR27 million

European banks and broker-dealers are lagging in their understanding of the impact of the European Central Bank's plans for harmonising settlement under the Target2Securities platform, with migration costs for back offices estimated at anywhere between seven million euros and EUR27 million.

06 March 2013

News/Financial messaging

Citi implements corporate-to-bank Swift standard for trade

Citi has rolled out the corporate-to-bank Swift Message Type (MT) 798, in a move that the US giant says will support its multinational clients in their trade flows.

13 February 2013

News/Financial messaging

Swift's bid to move into domestic markets comes good in India

Swift is moving into the domestic Indian market, thanks to a joint venture that will see six partner banks build a financial messaging system for the country.

30 October 2012

News/Financial messaging

Banks announce support for SAP corporate cloud messaging network

Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ, Citi, Deutsche Bank, Nordea, Royal Bank of Scotland and Standard Chartered Bank have announced their involvement in the development of the SAP Financial Services Network (FSN), a cloud-based corporate-to-bank connectivity platform.

29 October 2012