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

International CBDC Aims to Unify Fragmented Digital Currency Landscape
International CBDC Aims to Unify Fragmented Digital Currency Landscape
April 11, 2023  |  Payment Methods

The central bank digital currency (CBDC) field has become crowded, global in scope, and yet in many cases, fragmented. Generally speaking, in concept, the CBDC...

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Swift Picks JPMorgan’s Graeme Munro as New Chair
Swift Picks JPMorgan’s Graeme Munro as New Chair
March 30, 2023  |  Personnel

Financial messaging system Swift has chosen a new leader for its board. Graeme Munro, a 30-year veteran of J.P. Morgan Chase, has been elected non-executive...

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UK to Modernize Its Real-Time Payment Architecture
UK to Modernize Its Real-Time Payment Architecture
January 05, 2023  |  emea

The U.K. is upgrading its instant payment system to incorporate a modern ISO 20022-compliant architecture. Known as the New Payment Architecture (NPA), the initial plan...

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The Clearing House Names Swift’s David Watson as CEO
The Clearing House Names Swift’s David Watson as CEO
January 03, 2023  |  Personnel

The Clearing House (TCH) has a new president and CEO. The payments network announced Tuesday (Jan. 3) that David Watson would take up that position...

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Swift Names Mastercard Vet Stephen Grainger as Americas/UK Chief
Swift Names Mastercard Vet Stephen Grainger as Americas/UK Chief
January 03, 2023  |  Personnel

Swift has appointed Mastercard veteran Stephen Grainger to oversee operations in the Americas and U.K. Grainger had worked for Swift in senior business development roles,...

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Swift Board’s Chair Retires; Deputy Takes Interim Leadership Role
Swift Board’s Chair Retires; Deputy Takes Interim Leadership Role
December 16, 2022  |  Personnel

The Swift board of directors that leads the financial transactions facilitator has a new chair.  Swift Chair Yawar Shah has retired from the board after 16 years...

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Swift Sees Sign-Ups for Cross-Border Service Triple
Swift Sees Sign-Ups for Cross-Border Service Triple
November 29, 2022  |  Cross Border Commerce

Swift says sign-ups for its cross-border payments service have tripled since its 2021 launch. Swift Go, “which brings speed, transparency, and certainty” to payments of...

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Swift Delays ISO 20022 Implementation Until March
Swift Delays ISO 20022 Implementation Until March
October 28, 2022  |  Banking

Swift, which operates the global financial messaging service by the same name, on Thursday (Oct. 27) announced its decision to delay the migration to a new...

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US-Euro Real-Time Payments Launch Expected Before Year-End
US-Euro Real-Time Payments Launch Expected Before Year-End
October 12, 2022  |  Cross-border Payments

Cross-border B2B transactions — done in real time — are on the cusp of being as simple as domestic real-time payments (RTP). Russ Waterhouse, executive...

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