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/Sibos
Financial messaging body Swift has pledged to improve the sanctions screening process designed to stop the flow of illegal money transfers by launching an outsourcing service for small banks.
27 October 2010
Bottomline Technologies has acquired London-based Swift Service Bureau provider. SMA Financial, for an undisclosed sum.
Swift has developed a proof of concept for a central utility for routing and validating electronic bank account management (eBAM) messages, a new non-financial standard from the cooperative that was released to market in April.
26 October 2010
Financial messaging body Swift has launched a single-sign-on digital identity key aimed at simplifying the authentication process for corporates linking to multiple bank treasury systems.
Bank of America is to create a global Swift Service Bureau to provide its corporate clients with outsourced access to the Swift financial messaging network.
A project run by central banks of the 15-member Southern African Development Community aims to complete a pilot project harmonising the payment infrastructures of the four Rand Monetary Area countries within two years.
Stephen Hester, chief executive of Royal Bank of Scotland (RBS), has highlighted the important role of technology in the bank's recovery plan.
25 October 2010
The Federal Reserve Banks and Equens have processed the first transatlantic automated clearinghouse payments using a new jointly developed channel.
The European Central Bank has published its latest pricing proposal for the Target 2 Securities initiative, which sets a tariff for a delivery versus payment (DvP) instruction at 15 cents.
Brown Brothers Harriman (BBH) has agreed to participate in a new ISO 20022 corporate actions messaging pilot programme run by the Depository Trust & Clearing Corporation (DTCC) and financial messaging network Swift.
Software developer Misys has announced a strategic alliance with Microsoft that will enable it to deliver new banking and capital markets applications through the Windows Azure cloud platform. The launch of the initiative comes as leading banks at the Sibos conference in Amsterdam discuss the disruptive potential of cloud computing on the banking technology market.
Swift CEO Lázaro Campos has launched the banking co-operative's annual Sibos conference by calling for more innovation from bankers and technologists.
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