Latest Sibos News: Finextra Research

Kaspersky Labs links North Korea to Bangladesh Bank heist

Security outfit Kaspersky Labs has become the latest voice to raise the possibility that North Korea was involved in last year's $81 million Bangladesh Bank cyberattack.

04 April 2017

Company update/Sibos

Dominican Republic's central bank adopts Swift's Sanctions Screening

SWIFT announces today that the Central Bank of Dominican Republic has adopted its Sanctions Screening solution to enhance transparency and combat financial crime.

29 March 2017

News/Sibos

Germany's KfW Bank explains $5.4 billion funds transfer lash up

Germany's KfW Bank says a system error led to the unintentional transfer of $5.4 billion to four counterparty banks in an automated cycle of repeat transactions.

27 March 2017

News/Sibos

Swift Business Forum, Canada - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in Toronto. This year’s conference, on the theme 'building the future', will investigate how the financial industry is adapting in a fast-changing, digital world where new fintech entrants pose an opportunity and a threat, and cyber-crime is a growing problem.

22 March 2017

News/Sibos

Can banks really win in the payments business of the future? – new Finextra report

New research from Finextra finds that banks must re-evaluate their role in the payments industry due to growing demand from digitally driven customers, new regulation, pioneering technology and the need to prioritise innovation over legacy.

20 March 2017

News/Sibos

Swift outlines ‘compliance utility’ ambitions; plans for next stage of gpi project

Banking cooperative Swift has unveiled a number of initiatives designed to address the compliance challenges facing banks and corporates.

16 March 2017

News/Sibos

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/Sibos

London Institute of Banking launches new Swift Institute-endorsed qualification for payments pros

The London Institute of Banking & Finance has today introduced a new qualification for those working in the global payments industry.

10 March 2017

News/Sibos

Fintech Pavillion to host Europe's top startups at EBAday 2017

Finextra and the Euro Banking Association are inviting some of Europe's most promising early-stage startups to present their ideas to banking delegates attending EBAday 2017, Europe's leading payments and transaction banking event.

10 March 2017

News/Sibos

Brexit to drive corporate banking shake up

Saxo Payments says the UK's exit from the European Union could have a devastating impact of bank-to-corporate relationships, with one-third of companiess surveyed by the bank considering moving their operations out of Britain when Article 50 is triggered.

09 March 2017

Company update/Sibos

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/Sibos

Raiffeisen chooses iGTB to provide digital trade finance platform

iGTB, the Global Transaction Banking division of Intellect Design Arena Ltd, five Austrian Raiffeisen Regional Banks (Raiffeisenlandesbank Niederösterreich-Wien AG, Raiffeisen-Landesbank Steiermark AG, Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, Raiffeisen-Landesbank Tirol AG and Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband regristrierte Genossenschaft mit beschränkter Haftung) and Raiffeisen Bank International (RBI), Vienna, a leading banking group in Austria and Central and Eastern Europe, have agreed a contract to implement a comprehensive digital trade finance platform.

08 March 2017

Company update/Sibos

Swift signs Turkmenistan and Uzbekistan communities to KYC Registry

SWIFT announces today that the financial community in Turkmenistan has signed up to use its Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of information about correspondent banks, funds distributors and custodians required for due diligence processes.

21 February 2017

News/Sibos

Registration opens for EBAday 2017

Registration has opened for EBAday 2017, Europe's pre-eminent payments conference and exhibition, which will be staged this year in Dublin.

17 February 2017

Company update/Sibos

Global transaction banks live on Swift gpi

SWIFT announces today that global transaction banks are actively using SWIFT’s new global payments innovation (gpi) service, which opened for live payments in January 2017.

16 February 2017

Company update/Sibos

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

News/Sibos

Bank of Canada DLT experiment raises PFMI questions

The Bank of Canada's experimental effort to build a wholesale payment system using a DLT-based settlement asset has thrown up concerns about whether the technology can meet international standards for systemically important payments infrastructure.

13 February 2017

Company update/Sibos

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

Company update/Sibos

Pelican applies AI to fight Swift and wire transfer fraud

Pelican, a global provider of payments and compliance solutions for banks and corporates, today unveiled its PelicanSecure Fraud Prevention solution.

01 February 2017

News/Sibos

Swift takes Startup Challenge to Africa and Russia

Swift innovation unit Innotribe is inviting young fintech firms in Russia and Africa to apply for participation in two distinct Startup Challenge programmes.

31 January 2017