Sibos - Announcements, News, Articles & Research: Finextra

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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Swift reports surge in support for gpi as payment times shrink to minutes

SWIFT announces today that more than USD 100 billion in SWIFT gpi messages are being sent every day, enabling payments to be credited to end beneficiaries within minutes - many within seconds.

28 February 2018

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Volante announces support for Swift 2018 standards

Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments and financial messages, today announced support for the latest SWIFT Standards Release 2018.

26 February 2018

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BIS: Choice and diversity are the key to quicker, cheaper cross-border retail payments

There is room to improve the infrastructure for payments made by individuals and businesses that cross borders, according to a new report by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services.

16 February 2018

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Gleif and Swift debut open source BIC-to-LEI mapping

The Global Legal Entity Identifier Foundation (GLEIF) has published the first monthly relationship file that matches a Business Identifier Code (BIC) assigned to an organization against its Legal Entity Identifier (LEI).

08 February 2018

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Swift report reveals RMB’s struggle to strengthen position in 2017

SWIFT’s latest RMB Tracker reveals a mixed year for the Chinese currency’s growth in 2017 and identifies some of the critical factors for success in 2018.

01 February 2018

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Growth in payments drives Swift annual traffic to exceed 7 billion message mark

SWIFT’s FIN traffic rose to an all-time high of 7.1 billion messages in 2017, fuelled by double-digit growth in global payments.

29 January 2018

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89% of Swift member banks meet security deadline

Following the introduction of SWIFT’s Customer Security Controls Framework in April 2017, we are pleased to report that 89% of all SWIFT customers attested their level of compliance with the mandatory security controls by the 31 December 2017 deadline.

26 January 2018

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JSC. Bank for Investment and Development of Vietnam joins Swift gpi

SWIFT announces today that JSC. Bank for Investment and Development of Vietnam (BIDV) signed up for its global payments innovation initiative, SWIFT gpi, confirming its digital banking strategy.

02 January 2018

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