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

US-Euro Real-Time Payments Launch Expected Before Year-End
US-Euro Real-Time Payments Launch Expected Before Year-End
October 12, 2022  |  Cross-border Payments

Cross-border B2B transactions — done in real time — are on the cusp of being as simple as domestic real-time payments (RTP). Russ Waterhouse, executive...

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EMEA Daily: Euro, Dollar Clearing Agencies Prep for Real-Time Transatlantic Payments
EMEA Daily: Euro, Dollar Clearing Agencies Prep for Real-Time Transatlantic Payments
October 06, 2022  |  International

Today in Europe, the Middle East and Africa (EMEA) news, The Clearing House (TCH), EBA CLEARING, and SWIFT are on track to begin piloting their...

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Euro, Dollar Clearing Agencies Prep for Real-Time Transatlantic Payments
Euro, Dollar Clearing Agencies Prep for Real-Time Transatlantic Payments
October 06, 2022  |  Cross-border Payments

The Clearing House (TCH), EBA CLEARING and SWIFT are on track to begin piloting their transatlantic instant payment system known as Immediate Cross-Border Payments (IXB),...

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SWIFT Claims Cross-Border CBDC Success; ECB Wants Settlement Control
SWIFT Claims Cross-Border CBDC Success; ECB Wants Settlement Control
October 06, 2022  |  CBDC

Financial messaging system SWIFT said that it has solved one of the thorniest problems central bank digital currency (CBDC) developers have been wrestling with: How...

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Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
October 05, 2022  |  Cross-border Payments

In a pair of papers today, financial messaging service SWIFT claimed that it has solved two of the thorniest problems digital assets must overcome if...

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SWIFT Shapes Global CBDC Framework Following 8-Month Study
SWIFT Shapes Global CBDC Framework Following 8-Month Study
October 05, 2022  |  CBDC

A study analyzing the international use of central bank digital currencies (CBDCs) and the underlying distributed ledger technologies (DLTs) shows promise for cross-border interoperability among...

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Today in B2B Payments: 3 Companies Roll out New Products
Today in B2B Payments: 3 Companies Roll out New Products
October 03, 2022  |  B2B Payments

Today in B2B payments, the African Export-Import Bank (Afreximbank) launches a payment service, Nipendo expands access to automated invoicing and WEX adds a digital wallet...

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SWIFT Plots Real-Time Role for Next 50 Years of Cross-Border Payments
SWIFT Plots Real-Time Role for Next 50 Years of Cross-Border Payments
October 03, 2022  |  Cross-border Payments

This article is the first in a new series dedicated to organizations that are the biggest changemakers in the cross-border payments industry, where consumers have...

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Chainlink, SWIFT Team on Blockchain Services
Chainlink, SWIFT Team on Blockchain Services
September 28, 2022  |  Blockchain

Chainlink and SWIFT have rolled out a partnership for a new service to help finance institutions operate in blockchain environments, a press release said. The...

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