Latest Sibos News: Finextra Research

Company update/Sibos

Swift admitted to next phase of tender for connectivity to Target services

SWIFT announces today that it has been admitted to the next phase of the tender process to provide connectivity services to all Eurosystem market infrastructures (also known as TARGET services).

11 April 2019

News/security

Swift says cyber threats evolving

Cybersecurity attackers in the large value payments chain are adjusting their modus operandi, lowering the value of transactions and running fraudulent instructions during normal operating hours in an attempt to blend in with regular payment flows and avoid detection, according to a new report from banking co-operative Swift.

10 April 2019

Company update/payments

NAB switches on end-to-end payments tracking with Swift gpi

NAB business customers can now track their international payments by the click of a button and view where their money is, anywhere in the world.

09 April 2019

News/payments

RBA consults on ISO 20022 migration plan

The Reserve Bank of Australia is canvassing bank views on plans to migrate the nation's payments networks to the ISO 200022 messaging standard.

09 April 2019

Company update/Sibos

Identitii partners with Trace Financial for Swift ISO20022 overlay

Identitii Limited (Identitii, Company) (ASX: ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, has partnered with leading message transformation software provider Trace Financial Limited (Trace Financial).

08 April 2019

News/payments

Swift convenes ISO 20022 harmonisation group

Interbank messaging network Swift has convened a working group of payments experts to formulate common guidelines for the implementation of ISO 20022 for cross-border payments.

04 April 2019

News/Sibos

DLT ready to drive widespread disruption in cross-border payments

The cross-border payments industry is "ripe for disruption", with distributed ledger technologies leading the charge, according to a blog post published by the World Bank.

02 April 2019

News/Sibos

Swift Business Forum Nordics 2019 - live blog

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

News/Sibos

North Korea using bank cyberattacks to evade sanctions - UN report

North Korea has been using cyberattacks on banks and cryptocurrency exchanges to steal money and evade financial sanctions, says a new United Nations report.

20 March 2019

Company update/payments

SocGen extends Swift gpi coverage to nine new countries

Societe Generale today launched SWIFT gpi in nine new countries: Germany, Belgium, Spain, Italy, Netherlands, United Kingdom and Switzerland in Europe, as well as Hong Kong and Singapore in Asia.

19 March 2019

Company update/startups

Swift makes space for 100 startups at Sibos 2019

Applications for fintechs to exhibit in the Discover Zone at Sibos 2019 London are now open. This year the Discover Zone will be the largest ever, with space for 100 leading fintechs operating in areas such as regtech, cyber security, AI, machine learning, big data and blockchain, along with those involved in cash management and supply chain management.

13 March 2019

Company update/Sibos

National Settlement Depository first CSD to sign up for SWIFT gpi

National Settlement Depository (NSD), Russia’s central securities depository (CSD) has become the first CSD to sign up for SWIFT’s gpi service – a rapid cross-border payments service that provides real-time payments tracking and transparency on bank fees and foreign exchange rates.

07 March 2019

News/regulation

RBI fines Indian banks over Swift compliance failures

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

News/Sibos

Swift combines with Asia Pacific institutions on DLT for proxy voting

Interbank payments network Swift is to run proof-of-concept trials of the use of distributed ledger technology for proxy voting in the Asia Pacific region.

06 March 2019

Company update/payments

Scotiabank switches on wire-tracking via Swift gpi

Scotiabank is the first Canadian-based bank to leverage SWIFT's Global Payments Initiative (SWIFT gpi) to enable its business customers to track their wire payments in real time through ScotiaConnect, the Bank's digital business banking channel.

01 March 2019

News/payments

European payments chiefs to gather in Stockholm for EBAday2019

A host of board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the fourteenth annual EBAday, taking place this year in Stockholm between the 18th and 19th June.

01 March 2019

News/Sibos

Standard Bank gears up for go live of payments blockchain

Standard Bank of South Africa is preparing for the go-live of a private permissioned blockchain payment system for conducting overseas foreign exchange trades on behalf of corporate clients.

28 February 2019

Company update/Sibos

CBA meets demanding Swift changeover schedule

Norwegian software vendor Commercial Banking Applications (CBA), today announced that the latest release of its IBAS GTF – Global Trade Finance Factory – went live at all CBA’s user banks in November 2018, in full compliance with SWIFT Release 2018.

28 February 2019

News/payments

Swift gpi hits 50% tipping point on two-year anniversary

Swift's global payments innovation (gpi) initiative has reached a critical tipping point, accounting for over 50% of messaging traffic across the interbank network.

28 February 2019

Company update/Sibos

Volante switches on support for latest Swift standards

Volante Technologies Inc., the global provider of software to accelerate digital transformation and modernization, today announced support for the latest SWIFT Standards Release 2019.

25 February 2019