Latest Sibos News: Finextra Research

Sibos 2022: Uncovering value for banks in the Metaverse

As Sibos edges ever closer, Finextra has reached out to a clutch of the conference’s expert speakers to share their thoughts on leading industry trends and what they expect to take from Sibos 2022.

04 October 2022

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Swift builds proof-of-concept for blockchain interoperability

Interbank co-operative Swift is working on a pilot project with Chainlink to provide network interoperability across multiple blockchain platforms.

30 September 2022

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Swift runs blockchain pilot for corporate actions data

Interbank co-operative Swift is working with Symbiont and seven securities players to trial a blockchain-based corporate actions system.

14 September 2022

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Swift mines data flows to flag up incorrect payments

Bank-to-bank messaging network Swift has moved to eliminate payments friction by introducing a new capability to flag upfront when a payment may stall because of incorrect payee details,

31 August 2022

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Swift and CapGemini work on CBDC gateway to existing payment networks

Interbank messaging network Swift is working with Capgemini to explore ways to interlink the multiple domestic-based CBDC networks emerging worldwide with existing payment infrastructures for seamless cross-border payments.

25 May 2022

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Financial coalition to trial faster cross-border payments between Europe and the US

EBA Clearing, Swift and The Clearing House (TCH) are to run a pilot service for immediate cross-border payments (IXB) with the support of banks from both sides of the Atlantic.

28 April 2022

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Russian banks to be cut off from Swift

A select group of Russian banks are to be excluded from the Swift financial messaging system as part of a package of new financial sanctions agreed by Western allies.

28 February 2022

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UK pushes Europe to cut Russia off from Swift

As Russia moves further into Ukraine and sanctions have isolated Russian banks from the rest of the global financial system, depriving the country of vital technology, UK foreign secretary Liz Truss has revealed that the “UK is working with allies to exclude Russia from the Swift financial system.”

25 February 2022

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Paysera shuts down payments to Russia; Swift exclusion remains off the table

Baltic fintech Paysera is to halt transfers to and from Russia and close accounts of Russian clients in a show of solidarity with Ukraine as it comes under siege from Russian armed forces.

24 February 2022

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West steps back from imposing Swift ban on Russia

Western governments are no longer considering cutting Russian banks off from the Swift network, Germany's Handelsblatt newspaper reported, citing German government sources.

18 January 2022

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Sibos 2021: How can banks take meaningful action on climate change?

With COP26 fast approaching, and the financial industry facing additional costs to comply with government actions on climate change, it needs to start asking itself some tough questions, namely: Are we acting responsibly for the future? Are we driving carbon neutrality in the businesses we finance? Are we acting as an enabler for investments to lower the cost and increase the deployment of low-carbon technologies?

14 October 2021

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Sibos 2021: Collaboration and discipline is required for digital asset and CBDC success

Day three of Sibos started with a future facing perspective in the form of two morning sessions covering developing and upcoming digital technologies, including as CBDCs, DeFi, and NFTs, reiterating that these areas of innovation remain hot topics of interest.

14 October 2021

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