Sibos - Announcements, News, Articles & Research: Finextra

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

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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

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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

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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

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Swift explores Asia Pacific cross-border real-time payments

SWIFT has joined forces with a group of SWIFT gpi banks from Australia, China, Singapore and Thailand to develop a unique cross-border real-time payments service in the Asia Pacific region.

30 April 2018

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DBS launches real-time cross-border payment tracking for all corporate and SME clients

More than 200,000 of DBS’ corporate and SME clients will now be able to benefit from better cashflow visibility through real-time cross-border payment tracking.

27 April 2018

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HSBC goes live with Swift gpi

HSBC, one of the world’s largest banks, has joined SWIFT’s global payments innovation (gpi) service.

24 April 2018

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Swift and SAP join forces for seamless corporate processing

SWIFT is joining forces with SAP SE (NYSE: SAP) to offer treasurers a comprehensive, out-of-the-box integration with financial institutions, connecting to the SWIFT network of more than 11,000 financial institutions worldwide.

26 March 2018

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FSB publishes report on decline in correspondent banking; makes remittance recommendations

The Financial Stability Board (FSB) today published two reports as part of its work to assess and address the decline in correspondent banking relationships (1) a progress report on the FSB action plan to assess and address the decline in correspondent banking and (2) a stocktake on remittance service providers’ access to banking services, including recommendations to improve accessibility.

16 March 2018

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Isabel Group and norbloc bring blockchain KYC initiative to pilot

Last year, B-Hive, a European innovative collaboration platform connecting fintech startups and established financial service organizations, announced the launch of TrustHive.

15 March 2018

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Financial authorities set out action plan to arrest corbanking decline

The Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI), the Financial Action Task Force (FATF) and the Financial Stability Board (FSB) welcome the Correspondent Banking Due Diligence Questionnairerecently published by the Wolfsberg Group, as one of the industry initiatives that will help to address the decline in the number of correspondent banking relationships by facilitating due diligence processes.

06 March 2018

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FSB expresses concern over decline in correspondent banking relationships

The Financial Stability Board (FSB) today published updated data on correspondent banking relationships using data provided by SWIFT.

06 March 2018

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