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Seven university student teams to pitch for Swift Institute Challenge prize

SWIFT Institute announces today that it has selected seven university student teams to compete in the inaugural SWIFT Institute Challenge at the SWIFT Business Forum London on 20 April at Tobacco Docks.

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21 banks joins Swift payments innovation pilot

SWIFT announces today that 21 banks have started the pilot for its global payments innovation initiative, intended to improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments.

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Swift delivers Iban to BIC conversion service to Payments UK

SWIFTRef, SWIFT’s global reference data utility, has successfully designed, built and delivered the IBAN/BIC reference platform for the UK community under the guidance of Payments UK.

Ripple opens London office to serve European demand

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Ripple opens London office to serve European demand

With European banks showing huge interest in the potential of distributed ledger technology, San Francisco-based startup Ripple has opened a new office in London to serve the region, and hired former Swift exec Patricia Pittomvils as director of sales.

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Ukraine endorses Swift's ISO20022 harminsation initiative

The Ukrainian National Securities and Stock Market Commission (NSSMC), the financial authority in the Ukraine, has formally endorsed the ‘ISO 20022 Harmonisation Charter’.

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Bank of Philippine Islands awarded Swift’s bank-readiness certificate

Swift announces that Bank of Philippine Islands (BPI) has recently been awarded the bank-readiness certification from Swift.

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Cross-industry initiative establishes standard definitions for supply chain finance

A new set of definitions launched today will help address the global need for a common understanding of terminology, nomenclature and techniques related to supply chain finance.

Canadian Payments Association touts ISO20022 benefits

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Canadian Payments Association touts ISO20022 benefits

Canada's impending adoption of the ISO20022 standard and Extended Remittance Information (ERI) will boost the use of digitised commercial payments, bringing huge benefits to the country, claims a new paper.

Registration opens for EBAday 2016

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Registration opens for EBAday 2016

Registration has opened for EBAday 2016, Europe's pre-eminent payments conference and exhibition, which will be staged this year in Milan.

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Swift India goes live

SWIFT India Domestic Services Pvt Ltd (“SWIFT India”) celebrates today its go-live ceremony.

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Volante Technologies supports Swift Standards Release 2016

Volante Technologies Inc., a global leader in the provision of software for the integration, processing and orchestration of financial messages, today announced support for the latest SWIFT Standards 2016 update.

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HSBC Germany chooses Swift to connect to Target2-Securities

Swift announces today that HSBC in Germany will use Swift’s Value Added Network (VAN) solution to connect to Target2-Securities (T2S).

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Iranian banks re-connect to Swift

Following the historic event of implementation of Joint Comprehensive Plan of Action (JCPOA) agreed by the 5+1 countries on January 16th 2016, the Central Bank of the I.R. of Iran started the plan of SWIFT rejoining process for all Iranian banks whose sanctions were lifted on that day.

Swift role in Target2 up for grabs; ECB ponders blockchain prospects

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Swift role in Target2 up for grabs; ECB ponders blockchain prospects

Interbank payments network Swift may lose its status as the sole network supplier to the European Central Bank's Target2 real-time gross settlement (RTGS) platform as the Eurosystem enters consultation on the future for payments and settlement across the eurozone.

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Invoice discounting gaining ground in corporate treasury

The majority (71%) of corporate treasurers believe invoice discounting can act as a means for the Treasury to provide tangible value add, according to research from C2FO, the world’s market for working capital.

SIA signs letter of intent for EBA Clearing instant payments platform

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SIA signs letter of intent for EBA Clearing instant payments platform

EBA Clearing has signed a letter of intent with Italian ACH SIA to develop a pan-European real-time payment system by the fourth quarter of 2017.

BNP Paribas completes blockchain for transaction banking hackathon

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BNP Paribas completes blockchain for transaction banking hackathon

BNP Paribas has confirmed its commitment to the distributed ledger movement in finance after completing its first 'Blockchain Bizhackathon' in the transaction banking arena.

‘From disruption to real world change’

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‘From disruption to real world change’

Erica Åhman, Head of Nordics, SWIFT, speaks about the value of this year’s SWIFT Nordics Regional Conference in Oslo for the Norwegian and Nordic communities, and what important global payments topics will be discussed, alongside securities and an Innotribe session.

Swift challenges UK universities to unblock remittance flows

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Swift challenges UK universities to unblock remittance flows

Bank-to-bank payment network Swift is to tap the brainpower of UK university students in an effort to find new ways for banks to more cost-effectively serve the global remittance market.

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Innotribe opens applications for Africa startup challenge

SWIFT announces today that the Innotribe Startup Challenge for Africa is open for applications.

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