As platforms, corporates and financial institutions scale and bring personalized financial products and solutions to their end customers, application programming interfaces (APIs) are proving to be a critical lifeline. They connect third-party applications, data and developers to shorten the time to market for those innovations...
The benefits of standardized data formats and exchanges in financial services are myriad. Banks are moving toward the ISO 20022 financial messaging standard, tied to Swift, which noted that the open standard can be used for all types of financial transactions, including cross-border fund flows....
Google Cloud and Swift are working together to develop a secure, privacy-preserving solution for financial institutions that use federated learning techniques. Federated learning enables collaborative artificial intelligence (AI) model training without compromising privacy and confidentiality, Google Cloud said in a Tuesday (Dec. 10) blog post. Swift plans...
Global financial messaging network Swift said earlier this year that it was working with 25 financial institutions (FIs) and application providers on a “proof of value” initiative focused on improving front-end interactions, where the lower-end value transactions (defined as payments below the $100,000 threshold) is...
January 14, 2025
Untold millions of payments representing trillions of dollars wind their way across the globe each and every day. And for the most part, the funds flow seamlessly — where as many as 98% of transactions get where they’re supposed to be. Andy Elliott, vice president of strategy at EvonSys, said the other 2% need to […]
January 13, 2025
As platforms, corporates and financial institutions scale and bring personalized financial products and solutions to their end customers, application programming interfaces (APIs) are proving to be a critical lifeline. They...
December 13, 2024
The benefits of standardized data formats and exchanges in financial services are myriad. Banks are moving toward the ISO 20022 financial messaging standard, tied to Swift, which noted that the...
December 09, 2024
Global financial messaging network Swift said earlier this year that it was working with 25 financial institutions (FIs) and application providers on a “proof of value” initiative focused on improving...
December 10, 2024
Google Cloud and Swift are working together to develop a secure, privacy-preserving solution for financial institutions that use federated learning techniques. Federated learning enables collaborative artificial intelligence (AI) model training without compromising privacy and confidentiality, Google Cloud said in a Tuesday (Dec. 10) blog post. Swift plans to roll out a sandbox with synthetic data in the […]
December 06, 2024
With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted messages are already being sent...
November 13, 2024
Citi and the Bank of Shanghai have teamed to streamline payments for visitors to China. The payments solution announced by the two banks Wednesday (Nov. 13) is designed for the Bank of Shanghai’s TourCard —...
November 05, 2024
Swift has completed a successful pilot for tokenized fund subscriptions and redemptions using its network. The project — completed in partnership with UBS Asset Management and Chainlink — would allow...
