SWIFT

The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.

Source: en.wikipedia.org

How Wallets Are Changing Cross-Border Payments
How Wallets Are Changing Cross-Border Payments
January 27, 2025  |  Opinion

Digital wallets have altered money movement, especially cross-border payments, TerraPay Co-Founder and Chief Business Officer Ani Sane writes in a new PYMNTS eBook, “The Innovation...

READ MORE >
How Payments Investigations Can Cement Customers’ Relationships With Banks
How Payments Investigations Can Cement Customers’ Relationships With Banks
January 14, 2025  |  Banking

Untold millions of payments representing trillions of dollars wind their way across the globe each and every day. And for the most part, the funds...

READ MORE >
Citi Says Developer Portal Is Bank’s Innovation Accelerator
Citi Says Developer Portal Is Bank’s Innovation Accelerator
January 13, 2025  |  Banking

As platforms, corporates and financial institutions scale and bring personalized financial products and solutions to their end customers, application programming interfaces (APIs) are proving to...

READ MORE >
More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
December 13, 2024  |  Bank Regulation

The benefits of standardized data formats and exchanges in financial services are myriad. Banks are moving toward the ISO 20022 financial messaging standard, tied to...

READ MORE >
Google Cloud and Swift Partner on AI Model Training
Google Cloud and Swift Partner on AI Model Training
December 10, 2024  |  artificial intelligence

Google Cloud and Swift are working together to develop a secure, privacy-preserving solution for financial institutions that use federated learning techniques. Federated learning enables collaborative artificial...

READ MORE >
Banks Fight Back: How Cross-Border Technology Is Challenging FinTech Disruptors
Banks Fight Back: How Cross-Border Technology Is Challenging FinTech Disruptors
December 09, 2024  |  Cross-border Payments

Global financial messaging network Swift said earlier this year that it was working with 25 financial institutions (FIs) and application providers on a “proof of...

READ MORE >
Swift: 1 Million ISO 20022-Formatted Messages Being Sent Daily
Swift: 1 Million ISO 20022-Formatted Messages Being Sent Daily
December 06, 2024  |  Payment Methods

With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted...

READ MORE >
Citi and Bank of Shanghai Team on International Travel Payments
Citi and Bank of Shanghai Team on International Travel Payments
November 13, 2024  |  Travel Payments

Citi and the Bank of Shanghai have teamed to streamline payments for visitors to China. The payments solution announced by the two banks Wednesday (Nov. 13) is designed for the...

READ MORE >
Swift Settles Tokenized Fund Subscriptions and Redemptions on Its Network
Swift Settles Tokenized Fund Subscriptions and Redemptions on Its Network
November 05, 2024  |  Payment Methods

Swift has completed a successful pilot for tokenized fund subscriptions and redemptions using its network. The project — completed in partnership with UBS Asset Management...

READ MORE >