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

UK PM Boris Johnson Wants Russia Booted From SWIFT

UK PM Boris Johnson Wants Russia Booted From SWIFT
UK PM Boris Johnson Wants Russia Booted From SWIFT
February 24, 2022  |  Cross-border Payments

U.K. Prime Minister Boris Johnson on Thursday (Feb. 24) pushed “very hard” to remove Russia from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) international...

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US, Europe Levy Russia Sanctions, But All-out SWIFT Ban Not Likely Yet
US, Europe Levy Russia Sanctions, But All-out SWIFT Ban Not Likely Yet
February 22, 2022  |  Cross-border Payments

In times of war — or of armed conflicts that are wars in all but name — payments can be weaponized (after a fashion). Get...

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Boris Johnson, US Discuss Banning Russia from SWIFT
Boris Johnson, US Discuss Banning Russia from SWIFT
January 25, 2022  |  Cross-border Payments

British Prime Minister Boris Johnson is considering banning Russia from the SWIFT global payments system, and is in discussions with the U.S. about the matter,...

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Bank Chief Says Russia Anticipates Staying Connected to SWIFT
Bank Chief Says Russia Anticipates Staying Connected to SWIFT
December 19, 2021  |  Cross-border Payments

The Russian financial system could survive even if disconnected from the global SWIFT interbank payment system, according to the head of the country’s VTB Bank,...

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SWIFT Outlines Strategies for Global Adoption of Frictionless Transactions in 2022
SWIFT Outlines Strategies for Global Adoption of Frictionless Transactions in 2022
December 14, 2021  |  Cross-border Payments

Global banking network SWIFT is closing 2021 by highlighting its progress toward enabling cross-border frictionless transactions and looking ahead to 2022 as it sets the...

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SWIFT Go Signs 100 Banks Since July’s Launch
SWIFT Go Signs 100 Banks Since July’s Launch
October 14, 2021  |  Cross-border Payments

Since launching the offering in July, SWIFT has signed 100 banks to use its SWIFT Go money transfer product. Ten financial institutions have already gone...

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Bottomline Unveils Bank Payments Tracking Service via Swift API
Bottomline Unveils Bank Payments Tracking Service via Swift API
October 12, 2021  |  Banking

Bottomline, which provides financial technology to simplify business payments, has announced a new application programming interface (API)-based payments tracking service, according to a press release....

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EBA, SWIFT, TCH, Collaborate To Make Cross-Border Payments Faster
EBA, SWIFT, TCH, Collaborate To Make Cross-Border Payments Faster
October 11, 2021  |  Cross-border Payments

EBA CLEARING, SWIFT and The Clearing House (TCH) are collaborating on a new initiative, Immediate Cross-Border Payments (IXB), to speed up cross-border money transfers and...

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