Latest Sibos News: Finextra Research

Swift plans business continuity service for RTGS systems

Financial messaging network Swift has outlined plans to build a business continuity service that will keep Real Time Gross Settlement (RTGS) systems operating in the event of a major outage.

18 July 2011

/Sibos

EC sets out terrorist financing tracking plan

The European Commission has set out proposals for tracking terrorist financing, providing a counterweight to the controversial system run by the US.

15 July 2011

/Sibos

T2S connectivity licences come up for grabs

Europe's central banks have begun the process of picking network service providers for the Target2Securities (T2S) system, with telecoms firms expected to challenge inter-bank co-operative Swift for the two licenses up for grabs.

15 July 2011

/Sibos

Swift incubator invites pitches for quarterly 'dragon's den'

Inter-bank co-operative Swift is inviting startups and entrepreneurs to pitch their ideas at a quarterly 'dragon's den' style gathering of bankers, consultants and venture capitalists.

13 July 2011

/Sibos

Swift and DTCC score big data management mandates

Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have won two separate industry data management mandates, for the development of a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.

12 July 2011

/Sibos

Swift launches corporate Iban validation kit

Financial information network Swift is marketing a directory and software tool designed to help corporates validate and set-up Iban account codes for customer and supplier payments in time for the Sepa deadline.

08 July 2011

/Sibos

Western Union to acquire Travelex Global Business Payments

Western Union is to acquire the Travelex Global Business Payments (TGBP) division for £606 million in cash.

05 July 2011

/Sibos

European payments industry prepares for record-breaking EBAday 2011

The Euro banking Association and Finextra are preparing for a record turn-out at EBAday 2011, Europe's pre-eminent annual payments event, with a sold-out exhibition floor and conference agenda featuring more than 50 of Europe's leading banks, market operators and industry utilities.

10 June 2011

/Sibos

Legal Entity Identifier standard nears

Plans to create a new legal entity identifier (LEI) system to help regulators and industry participants monitor systemic risk are gathering momentum, with Swift winning a vote to act as the registration authority for the ISO standard and a group of trade associations setting out their framework.

05 May 2011

/Sibos

Swift taps Sword Fircosoft tech for sanctions screening service

Financial messaging body Swift has selected technology from Sword FircoSoft to support a new centralised sanctions screening service aimed at small banks.

04 May 2011

/Sibos

DTCC kicks off corporate actions pilot; legacy formats to be switched off by 2015

The Depository Trust and Clearing Corporation says it will shut off corporate actions processing for all legacy file formats in 2015, as it begins testing of new ISO 20022 announcement messages with five user firms.

13 April 2011

/Sibos

Bolero and Swift agree trade services pact

Internet-based trade finance utility Bolero has brokered an agreement with financial co-operative Swift to use the FileAct network for corporate-to-bank messaging.

29 March 2011

Latest news