Latest Sibos News: Finextra Research

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

News/Sibos

Italian banks move into pre-production for DLT-based reconciliation project

The Italian Banking Association (ABI) is moving into the 'pre-production phase' for its blockchain-based interbank reconciliation project.

13 February 2019

News/regulation

Swift to open KYC Registry to corporates

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

News/security

New York Fed to help Bangladesh Bank in $81 million cybercrime suit

The New York Federal Reserve is to assist Bangladesh Bank in a legal challenge to recoup $81 million stolen in a massive cyber heist in 2016.

04 February 2019

Company update/Sibos

Commerzbank: Bank Payment Obligation can act as a gateway for further trade finance technologies

In the face of slow market adoption for the Bank Payment Obligation (BPO), which serves as a legally binding undertaking to execute payment for goods or services, Commerzbank has launched a new whitepaper, “Leading the path of digital evolution”, which explores how to boost BPO adoption among banks and – crucially – their corporate customers.

31 January 2019

News/Sibos

Swift to open gpi gateway to R3 blockchain

Interbank co-operative Swift is to conduct a proof-of-concept trial to link its gpi network to the Corda platform of enterprise blockchain consortium R3.

30 January 2019

Company update/Sibos

Bellin becomes early adopter of Swift gpi for Corporates

BELLIN, a global leader in providing web-based treasury software and services for multinational corporations, is once again working directly with SWIFT to develop a pioneering new service.

23 January 2019

Company update/payments

Swift reports double-digit growth in message volumes

SWIFT’s figures show an average of 31.31 million messages a day in 2018 as its annual traffic rose to an all-time high of over 7.8 billion.

23 January 2019

News/Sibos

Swift introduces Pay Later API for instant loan financing

Interbank payment network Swift is pushing an API standard which will enable banks to provide instant loan approvals for customers at the point-of-sale.

16 January 2019

Finextra TV/Sibos

Trends of the foreign exchange today

Angus Scott, Head of Product, CLS, speaks at Sibos about the major trends around foreign exchange settlement today, what initiatives CLS are taking to attract more users and volumes over the CLS Settlement service and how the increasing adoption of new technology is impacting the services CLS provides today.

08 January 2019

Company update/payments

National Bank of Kuwait moves to Swift gpi with ACI Worldwide

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that National Bank of Kuwait (NBK) has successfully launched SWIFT Global Payments Innovation (gpi) services for its customers, utilising the built-in gpi capabilities that are integrated into ACI’s flexible, global payments engine.

02 January 2019

Company update/payments

Natixis launches real-time tracking service for international payments

Natixis announces the launch of My Tracked Transfer, a new digital international transaction tracking service developed by Natixis using SWIFT gpi technology to enable large companies to monitor their international payments in real time and optimize their treasury management.

19 December 2018

Company update/payments

Swift gpi crosses 50% threshold

During 2018, SWIFT’s gpi payments service continued to radically transform correspondent banking. With the support of hundreds of financial institutions, including the world’s 60 biggest banks, it is now being used to send hundreds of billions in payments every day – more than half (55%) of SWIFT’s cross-border traffic.

18 December 2018

News/Sibos

Swift CEO Leibbrandt quits

Swift CEO Gottfried Leibbrandt is to step down after seven years at the helm of the bank-backed international payments network.

12 December 2018

Company update/Sibos

Former Swift Asia head Alexandre Kech names CEO of Onchcain Custodian

Onchain Custodian, a provider of digital asset custody solutions, announced today the appointment of its executive committee.

12 December 2018

Company update/Sibos

Metro Bank makes Swift work of cross-border mobile payments

Metro Bank, the revolution in British banking, has enhanced its award-winning mobile app by launching international payments for its personal and business customers.

07 December 2018

News/Sibos

Swift pilots API-based pre-validation service to cut payment errors

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

Finextra TV/Sibos

Enterprise blockchain and the successful use cases

David Rutter, CEO, R3, speaks at Sibos 2018 in Sydney, about R3’s Corda platform as a success story for enterprise blockchain, what’s different about it and why banks are being attracted to it, and whether we should be cynical about blockchain anymore.

05 December 2018

Finextra TV/Sibos

Anti Financial Crime and the launch of HotScan

Jan Macek, Vice President Financial Sector & Global Leader, CGI Anti Financial Crime solutions, speaks at Sibos 2018 in Sydney about why Anti Financial Crime should be on the priority list of todays financial industry, where the biggest challenges in fighting against financial crime are and the launch of the new version CGI HotScan.

05 December 2018