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
February 24, 2022  |  International

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  |  International

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

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Boris Johnson, US Discuss Banning Russia from SWIFT
Boris Johnson, US Discuss Banning Russia from SWIFT
January 25, 2022  |  International

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  |  International

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  |  Digital-First 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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UniCredit Teams With JPMorgan on SWIFT Go for Cross-Border Payments
UniCredit Teams With JPMorgan on SWIFT Go for Cross-Border Payments
October 08, 2021  |  Payment Methods

UniCredit and J.P. Morgan are teaming up to advance the SWIFT Go project that gives individuals and businesses the ability to make cross-border payments with...

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