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)

Swift Eases X-Border Friction By Letting FIs Check Recipient Info
Swift Eases X-Border Friction By Letting FIs Check Recipient Info
July 08, 2021  |  B2B Payments

In a move that takes away a point of friction in cross-border transactions, Swift rolled out a service that will let banks check a beneficiary’s...

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FinTechs Enhance Existing Rails To Digitize B2B Payments
FinTechs Enhance Existing Rails To Digitize B2B Payments
July 01, 2021  |  B2B Payments

To help their corporate clients digitize payments, FinTechs and other technology providers are incorporating existing rails into their offerings. Here is a look into how...

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Today In Digital-First Banking: Big Banks Endorse SWIFT’s New Transaction Platform; USALLIANCE To Modernize Cards With FIS System
Today In Digital-First Banking: Big Banks Endorse SWIFT’s New Transaction Platform; USALLIANCE To Modernize Cards...
June 24, 2021  |  Digital-First Banking

In today’s top news in digital-first banking, SWIFT’s new transaction management system received an endorsement from six global financial institutions (FIs), while USALLIANCE Financial has...

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Big Banks Endorse SWIFT’s Global Transaction Management Platform
Big Banks Endorse SWIFT’s Global Transaction Management Platform
June 24, 2021  |  International

SWIFT’s new transaction management platform received an endorsement from six international banks, which are getting ready to harness the system’s new functionalities to allow for...

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Today In B2B: Western Union Boosts Business FX; Barclays Launches SMB Banking Package
Today In B2B: Western Union Boosts Business FX; Barclays Launches SMB Banking Package
February 25, 2021  |  B2B Payments

Today in B2B payments, Western Union Business Solutions integrates SWIFT gpi, and Barclays launches a small business banking package. Plus, Mastercard teams with Deutsche Bank...

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Businesses Drive Up Demand For Settlement Speed
Businesses Drive Up Demand For Settlement Speed
February 18, 2021  |  B2B Payments

A forward-thinking corporation’s massive bet on bitcoin may not be the boon that blockchain had hoped for as it continues to entice treasurers as a...

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Today In B2B: Zomato Collabs On Restaurant Financing; Clothing Suppliers Face Mounting Challenges
Today In B2B: Zomato Collabs On Restaurant Financing; Clothing Suppliers Face Mounting Challenges
December 29, 2020  |  B2B Payments

Today in B2B payments, Zomato partners for restaurant financing, while Bangladesh clothing suppliers struggle through canceled orders and late payments. Plus, Wolters Kluwer bolsters its...

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Central Bank Of Russia: Electronic Money Could Render SWIFT Obsolete
Central Bank Of Russia: Electronic Money Could Render SWIFT Obsolete
December 28, 2020  |  Cryptocurrency

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of...

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Real-Time Innovators Bring Data To Corporates
Real-Time Innovators Bring Data To Corporates
December 15, 2020  |  B2B Payments

Real-time rails continue to gain traction as solution providers debut new tools wielding existing instant payment infrastructure to enhance their offerings to business customers. Increasingly,...

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