Latest Sibos News: Finextra Research

Corporates begin trials of multi-bank payments tracking across Swift gpi

Financial messaging network Swift has begun pilot trials of a multi-bank payments tracking service with 12 member institutions and 10 multi-national corporates.

25 July 2018

News/Sibos

Commerzbank outsources all Sepa transactions to equensWorldline

Commerzbank is preparing for the arrival of instant payments across Europe by outsourcing all of its payments processing in the Single Euro Payments Area (Sepa) to equensWordline.

23 July 2018

Company update/Sibos

Bank of Asia to become the first client of NSD's Swift Bureau in Kyrgyzstan

National Settlement Depository (NSD), Russia’s central securities depository, has signed an agreement to connect Kyrgyzstan’s Bank of Asia to SWIFT via NSD’s service bureau.

17 July 2018

Company update/Sibos

Citi leverages Swift gpi to launch Payments Insights

Citi has launched Citi Payment Insights, a new service providing institutional clients with real-time payments visibility, and ability to action payments on-demand via its electronic banking platform, CitiDirect BE.

16 July 2018

Company update/Sibos

Funds processing automation rates reach new highs

The European Fund and Asset Management Association (EFAMA), in collaboration with SWIFT, today publishes a new report on the evolution of automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland in 2017.

13 July 2018

News/Sibos

Swift moves to universal adoption of gpi

Banking co-operative Swift is to extend its global payments innovation (gpi) scheme to all 10,000 member banks on the network as it faces up to competition from the likes of Ripple and a growing disenchantment with old-school correspondent banking models.

25 June 2018

News/Sibos

Live: EBAday2018, day two

Payments professionals from across Europe are gathering in Munich this week for EBAday 2018, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

13 June 2018

News/Sibos

Live: EBAday2018, day one

Payments professionals from across Europe are gathering in Munich this week for EBAday 2018, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

12 June 2018

News/Sibos

Banco de Chile lost $10 million while battling virus infection

Hackers infiltrated the IT systems of Banco de Chile with disk-wiping malware, causing chaos and distracting from the theft of $10 million via the international Swift network.

11 June 2018

News/Sibos

Italian banks test blockchain for interbank reconciliations

The Italian Banking Association (ABI) has opened a pilot project on blockchain-based interbank reconciliations to a first group of 14 lenders.

06 June 2018

News/Sibos

BofE leads consultation on UK's switch to ISO 20022

The UK's switch to ISO 20022 is closing in, with the Bank of England leading a six week consultation on adoption of the global payments messaging standard.

06 June 2018

Company update/Sibos

Banco Bradesco joins Swift gpi

SWIFT announces that Banco Bradesco, one of the largest banks in Brazil, has joined SWIFT’s global payment innovation (gpi) service to enhance its customer experience, and increase the speed, transparency and traceability of cross-border payments.

06 June 2018

News/Sibos

European payments chiefs to gather in Munich for EBAday2018

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 thirteenth annual EBAday, taking place this year in Munich between the 12th and 13th June.

25 May 2018

Company update/Sibos

Swift: A quarter of all cross-border payments now over gpi

SWIFT announces today that just 15 months after the service launched, 25% of all SWIFT cross border payment traffic is being sent over the global payments innovation (gpi). SWIFT gpi, the most transformational change in cross-border payments in 30 years, dramatically enhances the customer experience by increasing the speed, transparency and end-to-end tracking capability of payments.

24 May 2018

Company update/Sibos

African banks embracing Swift gpi

15 African banks have signed up to SWIFT’s global payments innovation (gpi) service, the new standard for cross-border payments. Of these, four are already live – Standard Bank of South Africa, FirstRand Bank, ABSA Bank and Nedbank - and many others are preparing to go live on the service in 2018.

22 May 2018

Company update/Sibos

Efis turns to Swift for instant payments

SWIFT announced today that EFiS, the longest serving SWIFT Service Bureau in the EU, has selected SWIFT to provide connectivity to the Eurosystem’s TIPS and EBA Clearing’s RT1 for instant payments within the euro-area.

22 May 2018

News/Sibos

Fed governor: Digital tokens for financial settlement hold promise for central banks

Federal Reserve governor Lael Brainard believes special-purpose digital tokens for wholesale payments and some aspects of distributed ledger technology may hold promise for strengthening traditional financial instruments and markets.

16 May 2018

Company update/Sibos

Central banks urge industry wide take-up of strategy to improve wholesale payments security

The Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing, settlement and related arrangements, urges stakeholders to pursue a common strategy to improve the security of wholesale payments that involve banks, financial market infrastructures and other financial institutions.

08 May 2018

News/Sibos

Brexit, cyber-resilience, Open Banking to the fore at Swift London forum

The Swift Business Forum London recently took place at the city's Tobacco Dock. With a record 1,300 registrations, the key themes of the day included innovation in financial services, community collaboration, and cyber resilience. And of course, being hosted in the UK, Brexit and its potential impacts also came up in discussion

02 May 2018

Company update/Sibos

Mansion House Consulting hires Jitu Parmar from Swift to advisory role

Mansion House Consulting (MHC), an award-winning IT and technology consultancy specialising in the Financial Services sector, today announced the hiring of Jitu Parmar as a Strategic Advisor.

30 April 2018