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

Europe Seeks SWIFT Alternative
Europe Seeks SWIFT Alternative
August 27, 2018  |  Europe

To help attain financial independence, Europe has reportedly been working on a money transfer system. It would be separate from the prevailing Society for Worldwide...

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Germany Wants New, Non US Global Payments System
Germany Wants New, Non US Global Payments System
August 22, 2018  |  International

Germany’s Minister of Foreign Affairs Heiko Maas has called for the European Union (EU) to create a new payments system, independent in response to the United...

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India Grabs Headlines; Ripple Makes Waves In X-Border Efforts                             
India Grabs Headlines; Ripple Makes Waves In X-Border Efforts                             
August 16, 2018  |  B2B Payments

India gains some traction with SWIFT's gpi service and cross-border payments, while even despite crypto's freefall, Ripple eyes that country -- and China, too --...

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Cross-Border Grabs Spotlight Amid SWIFT, Blockchain Headlines
Cross-Border Grabs Spotlight Amid SWIFT, Blockchain Headlines
August 09, 2018  |  International

Payments infrastructure news tends to be global in scope, as firms and stakeholders eye efficiency and speed in transacting in new and existing markets far-flung...

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SWIFT Cleared To Link Into TIPS
SWIFT Cleared To Link Into TIPS
August 08, 2018  |  B2B Payments

Payments messaging service SWIFT has received clearance to provide access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) payment scheme, the company said Tuesday (Aug....

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Iran Central Bank Deputy Chief Arrested In Fraud Crackdown
Iran Central Bank Deputy Chief Arrested In Fraud Crackdown
August 06, 2018  |  Security & Fraud

The deputy chief of Iran’s central bank was dismissed from the position and arrested as part of the government’s crackdown on financial fraud, according to...

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SWIFT To Start Testing Enhanced Multi-Bank Standard For Cross-Border Payments
SWIFT To Start Testing Enhanced Multi-Bank Standard For Cross-Border Payments
July 25, 2018  |  Banking

Financial messaging company SWIFT, along with a number of corporates and banks, announced Wednesday (July 25) plans to begin testing a multi-bank standard to further...

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Latin America Tries To Tackle Its Digital Security Problem
Latin America Tries To Tackle Its Digital Security Problem
June 28, 2018  |  Fraud Prevention

One of the recent cyberattacks against Latin American financial institutions, this one targeting Mexico’s central bank, resulted in the theft of a reported $15.2 million....

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Russia Prepares For SWIFT Exit With Blockchain
Russia Prepares For SWIFT Exit With Blockchain
June 16, 2018  |  B2B Payments

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Get the Full Story...

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