538 articles tagged with this keyword
News/Financial messaging
Welcome to Finextra's coverage of the Swift Business Forum Nordics 2019, live from Copenhagen. This event has a focus on accelerating digital transformation, and will look at how the financial community in the region is harnessing technological change to deliver a digital customer experience.
28 March 2019
Russian authorities are promoting the international use of an alternative financial messaging system to the global Swift network in order to mitigate the risk of sanctions.
22 March 2019
Company update/payments
Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, has integrated Swift global payments innovation (gpi) for its corporate clients and is now on-boarding users.
21 March 2019
Six Spanish banks, accounting for 85% of Spain’s cross-border payments, have adopted the Swift global payments innovation (Swift gpi), the new standard for cross-border payments.
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
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
Company update/wholesale
IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced a new service that administers FIX connectivity for asset managers.
27 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.
Company update/Sibos
SWIFT gpi has been rapidly adopted since its launch last year, and is now being used to send more than a million payments every day with a combined value of well over $100 billion.
23 October 2018
During Sibos 2018, Sberbank and SWIFT signed a memorandum of understanding that extends the cooperation on the Alliance Messaging Hub (AMH), a financial messaging platform created by SWIFT.
22 October 2018
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.
Company update/Financial messaging
Standard Chartered went live with its Swift Global Payments Innovation (gpi) services to extend its offering to customers making cross-border payments in euro or other major currencies from its Germany booking centre.
16 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.
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
As part of the Russian national payment system’s (NPS) migration to ISO 20022 international standard, the Bank of Russia has approved the standard setting forth the rules for financial message exchange during funds transfer operations at the payer’s initiative.
01 October 2018
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