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

Visa and Swift Streamline Cross-Border Payments With B2B Connect
Visa and Swift Streamline Cross-Border Payments With B2B Connect
September 19, 2023  |  B2B Payments

Visa and Swift have announced a collaboration aimed at streamlining international B2B payments. The joint effort will provide financial institutions and their customers with more choice, speed and...

READ MORE >
IBM and Swift Partner to Deliver Payments-as-a-Service to Financial Institutions
IBM and Swift Partner to Deliver Payments-as-a-Service to Financial Institutions
September 18, 2023  |  Partnerships

IBM Payments Center has joined the Swift Partner Programme, creating new collaboration opportunities with Swift members. The partnership between IBM and Swift brings together IBM’s expertise and Swift’s global reach to...

READ MORE >
Swift and Wise Team to Offer FIs More Cross-Border Options
Swift and Wise Team to Offer FIs More Cross-Border Options
September 18, 2023  |  Partnerships

Money transfer firm Wise and global messaging platform Swift have launched a cross-border payment partnership. The collaboration, announced Monday (Sept. 18), is designed to provide financial institutions and their customers with...

READ MORE >
Swift Testing Interlinking CBDC Solutions With Three Central Banks
Swift Testing Interlinking CBDC Solutions With Three Central Banks
September 13, 2023  |  CBDC

Global messaging platform Swift says three central banks are testing its solution for interlinking CBDCs. In the meantime, another 30 financial institutions are experimenting with...

READ MORE >
SWIFT’s Headway on Faster Cross-Border Payments Is Just the Beginning
SWIFT’s Headway on Faster Cross-Border Payments Is Just the Beginning
August 22, 2023  |  Faster Payments

One overarching theme in payments — no matter whether commercial or retail transactions — is that of speed.   Faster payments tend to translate into greater...

READ MORE >
Ripple Joins BIS Task Force for Cross-Border Payments
Ripple Joins BIS Task Force for Cross-Border Payments
August 11, 2023  |  Payment Methods

Enterprise blockchain and crypto solutions provider Ripple is among the members of a cross-border payments task force recently formed by the Bank for International Settlements (BIS). As part of the cross-border...

READ MORE >
Ripple Optimistic About US Banks Adopting XRP
Ripple Optimistic About US Banks Adopting XRP
July 17, 2023  |  Cryptocurrency

Ripple is reportedly optimistic about the prospect of financial institutions being interested in using its On-Demand Liquidity (ODL) product, which utilizes XRP for money transfers, in...

READ MORE >
What All Banks Can Learn From Bank of England’s June 2023 ISO 20022 Migration
What All Banks Can Learn From Bank of England’s June 2023 ISO 20022 Migration
July 17, 2023  |  Faster Payments

When it comes to embracing new ways of doing things in payments — adopting standards, fostering new use cases — boring is good. Boring implies...

READ MORE >
Swift Testing Use of Its Infrastructure for Cross-Border Transfers Over Blockchains
Swift Testing Use of Its Infrastructure for Cross-Border Transfers Over Blockchains
June 06, 2023  |  Blockchain

Swift is testing the use of its existing infrastructure to transfer tokenized value over blockchain networks. The provider of financial messaging services is working with...

READ MORE >