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 to Test CBDC Ability to Facilitate Cross-Border Payments
SWIFT to Test CBDC Ability to Facilitate Cross-Border Payments
May 22, 2022  |  CBDC

SWIFT, the global provider of financial messaging services, is looking at tests to link various central bank digital currency (CBDC) networks for cross-border transactions, a...

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Today in FinTech: Meeting of the Cross-Border Payment Minds; Elevating Security with Behavioral Analytics
Today in FinTech: Meeting of the Cross-Border Payment Minds; Elevating Security with Behavioral Analytics
April 28, 2022  |  International

In Thursday’s (April 28) FinTech news, a pilot program for immediate cross-border (IXB) payments is being launched by three of the industry’s most influential payments...

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Cross-Border Real-Time Payments Pilot Launched by EBA, SWIFT, TCH
Cross-Border Real-Time Payments Pilot Launched by EBA, SWIFT, TCH
April 28, 2022  |  Faster Payments

A pilot program for immediate cross-border (IXB) payments is being launched by EBA CLEARING, SWIFT and The Clearing House (TCH), garnering banking support from the...

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Arab Monetary Fund Offers Alternatives to CBDCs, Including FinTech Wise, SWIFT, Revolut and RippleNet
Arab Monetary Fund Offers Alternatives to CBDCs, Including FinTech Wise, SWIFT, Revolut and RippleNet
March 20, 2022  |  CBDC

The Arab Monetary Fund (AMF) has named RippleNet as a potential alternative to adopting central bank digital currencies (CBDCs), a report said Sunday (March 20)....

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Nium Launches SWIFT Brokerage Payment Alternative
Nium Launches SWIFT Brokerage Payment Alternative
March 16, 2022  |  Payment Methods

Global payments firm Nium debuted a brokerage payment tool Wednesday (March 16) that’s designed to serve as a faster and cheaper alternative to the SWIFT...

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EMEA Daily: Meta Faces Fines in South Africa; CloudPay, Visa Partner on Payroll Payments; UK Crime Agency Eyes Crypto Mixers
EMEA Daily: Meta Faces Fines in South Africa; CloudPay, Visa Partner on Payroll Payments; UK...
March 15, 2022  |  International

In today’s top Europe, Middle East and Africa news, South Africa’s competition regulator is seeking to prosecute Facebook for abusing its dominance in the social...

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Banks Worry Russia Will Target SWIFT System
Banks Worry Russia Will Target SWIFT System
March 15, 2022  |  International

Financial executives are expressing fears of Russian cyber attacks on SWIFT after several of the country’s biggest banks were removed from the payments messaging system....

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Report: EU Considers SWIFT Ban for Belarus Banks
Report: EU Considers SWIFT Ban for Belarus Banks
March 03, 2022  |  International

Days after several Russian banks were reportedly barred from SWIFT, the international messaging system used to process payments, the European Union is considering adding banks...

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EU Mulls Blocking Russian Banks From SWIFT, but Big Name FIs Are Missing
EU Mulls Blocking Russian Banks From SWIFT, but Big Name FIs Are Missing
March 02, 2022  |  International

The European Union might trim seven Russian banks from SWIFT, the international messaging system used to process payments, according to documents seen by POLITICO Tuesday...

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