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 Reveals Success, Future Challenges Of Blockchain PoC
SWIFT Reveals Success, Future Challenges Of Blockchain PoC
March 09, 2018  |  B2B Payments

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation...

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City Union Bank Says Hackers Transferred $2M
City Union Bank Says Hackers Transferred $2M
February 19, 2018  |  Fraud Attack

City Union Bank, the Indian bank, disclosed this past weekend that it was hacked — with bad guys transferring close to $2 million. According to...

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Russian Central Bank Says $6M Hack Linked To SWIFT
Russian Central Bank Says $6M Hack Linked To SWIFT
February 16, 2018  |  Security & Fraud

The Central Bank of the Russian Federation is reporting a SWIFT hack last year that saw hackers made 339.5 million rubles ($6 million) disappear.  The disclosure...

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Aussie’s New Payments Platform (Called New Payments Platform) Goes Live   
Aussie’s New Payments Platform (Called New Payments Platform) Goes Live   
February 13, 2018  |  Faster Payments

The Reserve Bank of Australia and its Payments System Board announced on Tuesday (Feb. 13) the launch of a new payments infrastructure – called the New...

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Why B2B Payments Innovation Is Key To China’s Global Standing
Why B2B Payments Innovation Is Key To China’s Global Standing
February 08, 2018  |  B2B Payments

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. China’s...

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The Collaborators – And Rivals – Of Blockchain
The Collaborators – And Rivals – Of Blockchain
January 17, 2018  |  B2B Payments

With the blockchain industry expected to exceed a $7.6 billion valuation by 2022, it’s no wonder companies large and small, old and new are scrambling...

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Hackers Targeted Russian Bank Globex’s SWIFT System
Hackers Targeted Russian Bank Globex’s SWIFT System
December 22, 2017  |  Security & Fraud

Russian bank Globex revealed that hackers attempted to steal 55 million rubles ($940,000) using the SWIFT international payments messaging system, in the latest attempted cyber...

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PSD2 And The US, Too
PSD2 And The US, Too
December 22, 2017  |  Bank Regulation

More innovation. Less smoke and mirrors. Those are the goals of Europe’s second Payment Services Directive (PSD2), which goes into effect in 2018. In short,...

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NY Fed Ponders Legal Action Over $81M Bangladeshi Heist
NY Fed Ponders Legal Action Over $81M Bangladeshi Heist
December 08, 2017  |  Security & Fraud

In what may be a legal salvo over a monumental bank heist perpetrated by cyber thieves, the central bank of Bangladesh has asked the New...

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