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 Software Likely Compromised By Bangladesh Bank Hackers
SWIFT Software Likely Compromised By Bangladesh Bank Hackers
April 25, 2016  |  Security & Fraud

Bad news this morning for SWIFT — the rather centrally important global financial platform. According to Reuters, cybercriminals who managed to lift $81 million from the...

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SWIFT Likes Distributed Ledgers, Sort Of
SWIFT Likes Distributed Ledgers, Sort Of
April 20, 2016  |  Payment Methods

SWIFT has found gaps in the promise and the delivery of distributed ledger technologies when it comes to payments. But it still thinks it has...

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SWIFT Loops Into Treasury Management
SWIFT Loops Into Treasury Management
April 20, 2016  |  B2B Payments

Treasury management firm Reval, which provides cloud-based cash management solutions, is now linking its corporates into the SWIFT network. An announcement on Tuesday (April 19) said...

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Did Bangladesh Make It Easy For Hackers To Crack Its Central Bank?
Did Bangladesh Make It Easy For Hackers To Crack Its Central Bank?
March 23, 2016  |  Security & Fraud

While it might be something of an exaggeration to say that Bangladesh left its central bank’s “global banking computer” open to the public, emerging evidence...

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Bangladeshi Hack Prompts SWIFT To Speak Up
Bangladeshi Hack Prompts SWIFT To Speak Up
March 21, 2016  |  Security & Fraud

As details are emerging about the hack of Bangladeshi funds out of an account held at the New York Fed last week, SWIFT is gearing...

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The Canadian Case For ISO 20022
The Canadian Case For ISO 20022
March 16, 2016  |  B2B Payments

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in...

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