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

Swift consults on ISO 20022 migration

Swift has launched what it calls a "full-scale community consultation" as it steps up efforts to push for a migration of cross-border services to the ISO 20022 standard.

26 April 2018

Company update/Financial messaging

HSBC goes live with Swift gpi

HSBC, one of the world’s largest banks, has joined SWIFT’s global payments innovation (gpi) service.

24 April 2018

News/Financial messaging

Swift Business Forum London - live blog

Welcome to Finextra's live coverage of the Swift Business Forum London 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 UK and beyond.

24 April 2018

News/Financial messaging

Innovation and risk under the spotlight in Canada

Rapid technological advancement was to the fore at the recent Swift Business Forum Canada, Toronto, where over 340 financial services professionals gathered to discuss the opportunities and threats that the financial services community faces

20 April 2018

Company update/Financial messaging

Swift and SAP join forces for seamless corporate processing

SWIFT is joining forces with SAP SE (NYSE: SAP) to offer treasurers a comprehensive, out-of-the-box integration with financial institutions, connecting to the SWIFT network of more than 11,000 financial institutions worldwide.

26 March 2018

News/Financial messaging

Swift Business Forum Canada - live blog

Welcome to Finextra's live coverage of the Swift Business Forum Canada 2018 in Toronto. 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 Canada and beyond.

21 March 2018

Company update/Financial messaging

Swift reports surge in support for gpi as payment times shrink to minutes

SWIFT announces today that more than USD 100 billion in SWIFT gpi messages are being sent every day, enabling payments to be credited to end beneficiaries within minutes - many within seconds.

28 February 2018

News/Financial messaging

Indian bank hack bears hallmarks of Bangladesh Bank heist

Two years after the infamous Bangladesh Bank hack, an Indian bank says that cybercrooks compromised the bank's connection to the Swift messaging system to make three fraudulent transfers worth nearly $2 million.

20 February 2018

News/Financial messaging

Saudi central bank provides sandbox for banks to try out Ripple tech

Ripple has signed an agreement with the Saudi Arabian Monetary Authority (SAMA) to create a pilot programme in support of KSA banks who choose to use xCurrent to instantly settle cross-border payments.

14 February 2018

Company update/Financial messaging

Growth in payments drives Swift annual traffic to exceed 7 billion message mark

SWIFT’s FIN traffic rose to an all-time high of 7.1 billion messages in 2017, fuelled by double-digit growth in global payments.

29 January 2018

News/Financial messaging

Swift recruits CSDs for DLT post trade plans

Banking cooperative Swift has signed an MoU with seven central securities depositaries (CSDs) to explore how distributed ledger technology (DLT) can be used to improve post-trade processes such as corporate actions, proxy voting and trade processing.

16 January 2018

Company update/Financial messaging

ACI Worldwide certified for Swift gpi

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that it is the first provider globally to receive SWIFT gpi certification for the Universal Payments (UP) Real-Time Payments solution—the industry’s only solution that allows financial institutions (FIs) to address their Real Time Gross Settlement (RTGS), SWIFT messaging and real-time payments needs with a single, universal offering.

13 December 2017

Company update/Financial messaging

Industry automation rates for cross-border fund orders rise to 87%

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 distribution centres of Luxembourg and Ireland during the first half of 2017.

07 December 2017

Company update/Financial messaging

Ascent connects with Afex FX layer

AFEX, one of the world's largest non-bank providers of global payment and risk management solutions, has partnered with Ascent Software, to enhance its award-winning straight-through processing pre-payment and post-payment software, Trident Connect.

07 December 2017

Company update/Financial messaging

Swiss banks finish migration to ISO 20022

208 banks have completed the migration to the new ISO 20022 technology standard on schedule.

06 December 2017

Company update/Financial messaging

Finastra provides connectivity to European instant payments infrastructure

Finastra has successfully completed connectivity testing with SIA, the European leader in payment infrastructure and services, to provide connectivity to the European instant payments infrastructure systems via SIAnet.

01 December 2017

News/Financial messaging

Swift Operations Forum Europe 2017, Amsterdam - Day 1 report

The future of money, how we use data and the dizzying advances in digital technologies dominated the opening discussions at the annual Swift Operations Forum Europe (SOFE) convention in Amsterdam.

30 November 2017

News/Financial messaging

Iberpay gears up for Sepa instant payments with EBA Clearing

Iberpay in Spain is ready to connect Spanish banks to the EBA Clearing system for their cross-border euro real-time payments in time for next week's launch of the pan-European SCT Inst Scheme.

14 November 2017

Company update/Financial messaging

Swift to support instant payments in Hong Kong

As banks face growing challenges due to evolving payment systems and the global shift to real-time payments, SWIFT is providing the Hong Kong financial community with an enterprise messaging and gateway solution to the Hong Kong Faster Payments System (FPS) that aims to go live in September 2018.

06 November 2017

Company update/Financial messaging

China Construction Bank deploys swift Alliance Messaging Hub for corporate banking

China Construction Bank (CCB) is China’s first bank to deploy Alliance Messaging Hub (AMH) for a corporate banking offering that is tailored towards their multinational clients, innovating global cash management by enabling comprehensive and enriched global cash management services.

03 November 2017