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 Successfully Tests Instant X-Border Payments

SWIFT Successfully Tests Instant X-Border Payments
SWIFT Successfully Tests Instant X-Border Payments
October 22, 2018  |  Cross-border Payments

SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia....

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Citi, HSBC Join Bank Group In Global Trade Finance Effort
Citi, HSBC Join Bank Group In Global Trade Finance Effort
October 19, 2018  |  B2B Payments

Citi, HSBC and Banco Santander are among seven major global banks that are banding together to form a cross-border trade finance network, Reuters reported Thursday (Oct....

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SWIFT Exit For Iran As Sanctions Loom?
SWIFT Exit For Iran As Sanctions Loom?
October 18, 2018  |  B2B Payments

SWIFT controversy over the messaging system’s place on the world stage continues, and U.S. sanctions toward Iran loom. Elsewhere, digital payments are on the rise, and...

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Australia’s New Payments Platform Invites Startups Via API
Australia’s New Payments Platform Invites Startups Via API
October 17, 2018  |  B2B Payments

New Payments Platform (NPP) Australia, the nation’s real-time payments service that went live earlier this year, is now seeking collaboration from FinTech firms and developers...

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How An HSBC Teller Stopped A $500 Million Bank Heist
How An HSBC Teller Stopped A $500 Million Bank Heist
October 04, 2018  |  Fraud Prevention

What did you do for your employer and/or coworkers today? Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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N. Korea Cyber Group Using SWIFT To Steal From Banks: Report
N. Korea Cyber Group Using SWIFT To Steal From Banks: Report
October 04, 2018  |  B2B Payments

A new report from cybersecurity experts at FireEye claims a North Korea-led cyber campaign has swindled banks of hundreds of millions of dollars since 2014,...

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SWIFT gpi Makes Inroads Into Malaysia
SWIFT gpi Makes Inroads Into Malaysia
September 27, 2018  |  B2B Payments

On the heels of the uptake of its global payments innovation initiative, SWIFT has said it is working with Malaysian banks. Elsewhere in the payments infrastructure...

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