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

Iran Central Bank Deputy Chief Arrested In Fraud Crackdown

Iran Central Bank Deputy Chief Arrested In Fraud Crackdown
Iran Central Bank Deputy Chief Arrested In Fraud Crackdown
August 06, 2018  |  Security & Fraud

The deputy chief of Iran’s central bank was dismissed from the position and arrested as part of the government’s crackdown on financial fraud, according to...

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SWIFT To Start Testing Enhanced Multi-Bank Standard For Cross-Border Payments
SWIFT To Start Testing Enhanced Multi-Bank Standard For Cross-Border Payments
July 25, 2018  |  Banking

Financial messaging company SWIFT, along with a number of corporates and banks, announced Wednesday (July 25) plans to begin testing a multi-bank standard to further...

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Latin America Tries To Tackle Its Digital Security Problem
Latin America Tries To Tackle Its Digital Security Problem
June 28, 2018  |  Fraud Prevention

One of the recent cyberattacks against Latin American financial institutions, this one targeting Mexico’s central bank, resulted in the theft of a reported $15.2 million....

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Russia Prepares For SWIFT Exit With Blockchain
Russia Prepares For SWIFT Exit With Blockchain
June 16, 2018  |  B2B Payments

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Get the Full Story...

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SWIFT Signs Up More Chinese Banks For GPI
SWIFT Signs Up More Chinese Banks For GPI
June 15, 2018  |  Cross Border Commerce

A new deal involving SWIFT and 10 Chinese banks represents the latest move in the global competition to facilitate cross-border payments. Get the Full Story...

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Amex Inadvertently Confirms Ripple Blockchain Platform Plans
Amex Inadvertently Confirms Ripple Blockchain Platform Plans
June 13, 2018  |  B2B Payments

It’s not entirely clear yet how — or if — blockchain will transform the financial services market, but that hasn’t stopped industry players from scrambling...

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Ripple, SWIFT Vie For Top Cross-Border Payments Spot
Ripple, SWIFT Vie For Top Cross-Border Payments Spot
June 07, 2018  |  B2B Payments

Competition in the cross-border payments market is on the rise as blockchain firm Ripple and payments messaging company SWIFT vie for market leadership. Get the...

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SWIFT Caught Up In The Squeeze Over The Iran Deal
SWIFT Caught Up In The Squeeze Over The Iran Deal
June 06, 2018  |  Europe

SWIFT, as an organization, bills itself as a neutral player in the global economic system. That’s why the recent international flare-up over U.S. President Donald...

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Ripple Partners With Kuwait Finance House For Cross-Border Payments
Ripple Partners With Kuwait Finance House For Cross-Border Payments
May 31, 2018  |  Blockchain

Adopting Ripple’s system for international remittance payments, The Kuwait Finance House (KFH) has joined Ripple Net. The institution is reportedly the first bank in Kuwait...

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