The Fintech Times

JANUARY 17, 2025

Founded in 2017 and headquartered in London, Guavapay says it enjoyed a significant increase in its overall customer base with annual revenue growth of 71 per cent in 2024 compared to the previous year, while nearly tripling the size of its London office team in response to the growing global demand for accessible financial options.

Innovation 59

Innovation Technology Payment APIs and Integration Multi-Currency 59

The Payments Association

JULY 18, 2025

The interim rules are designed to reinforce existing obligations under the Payment Services Regulations 2017 (PSRs) and Electronic Money Regulations 2011 (EMRs), with a strong focus on daily reconciliation, enhanced reporting, and audit transparency. Firms should act swiftly to meet the new standards.

Regulations 88

Regulations Payments Payment APIs and Integration Legal 88

Finextra

JULY 13, 2025

Monzo obtained a UK banking license with restrictions in 2016 and, after rigorous testing, had those restrictions lifted in April 2017 – officially becoming “a fully authorised, unrestricted bank”. Regulatory milestones came quickly.

Payment APIs and Integration 52

Payment APIs and Integration Debit Card Origination Credit Cards 52

The Fintech Times

NOVEMBER 7, 2024

Also, two-thirds of the population in 2017 made or received a digital payment in the past year. In terms of mobile subscriptions, the country has an 136 per cent rate. This development promises to reshape the way transactions are conducted in the country.

FinTech 59

FinTech PayPal Financial Inclusion Financial Literacy 59

VISTA InfoSec

DECEMBER 19, 2024

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides secure and reliable communication networks for over 11500 connected financial institutions to facilitate cross-border payments and securities transactions. What is SWIFT CSP, and why it was introduced?

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

VISTA InfoSec

DECEMBER 19, 2024

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides secure and reliable communication networks for over 11500 connected financial institutions to facilitate cross-border payments and securities transactions. What is SWIFT CSP, and why it was introduced?

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

PYMNTS

SEPTEMBER 9, 2019

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release. He has also been a member of TCH’s Company Board since 2017.

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SWIFT Cross-Border Payments Cross-Border API 71

FICO

DECEMBER 19, 2016

From the Bank of Bangladesh/SWIFT heist in February to the Dyn DDoS attack a few weeks ago, the year’s wild attacks have one thing in common: They were proof that hacker innovation is on a growth trajectory. In 2017, consumer demand will emerge around wanting to understand more about the security of the organizations they do business with.

Office of the Comptroller of the Currency 82

Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

PYMNTS

OCTOBER 21, 2018

SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. The linkage was achieved by participant banks like National Australia Bank processing incoming SWIFT gpi payments onward as NPP instant payments.”.

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT Real Time Payments 64

PYMNTS

SEPTEMBER 17, 2018

The fraudsters who hacked their way into the Bangladesh central bank two years ago got there by getting into software tied to the SWIFT financial platform. Upon success with the phishing, the hackers “moved through the bank’s network” to access computers that victimized banks used to send and receive messages over SWIFT systems.

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SWIFT Phishing Ransomware Central Bank 75

Payments Source

DECEMBER 19, 2016

Facing security challenges at its member banks and competition from other tech providers, the Society for Worldwide Interbank Financial Telecommunication [Swift] plans to put its best foot forward in 2017.

SWIFT 60

SWIFT Addressing Security Cross-Border Payments 60

PYMNTS

JANUARY 24, 2019

Payments messaging company SWIFT is expanding its gpi for Corporates (g4C) initiative, adding treasury management technology company BELLIN to its roster of early adopters of the tool. ” Payment tracking is a key focus for SWIFT, which has been gradually expanding this functionality for FIs via its gpi Tracker tool, launched in 2017.

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SWIFT Treasury Management Payment Message Cross-Border 57

PYMNTS

JANUARY 24, 2019

News from SWIFT on Wednesday (Jan. Per an announcement, SWIFT said that through 2018, it facilitated an average of 31 million messages daily — which, on an annual basis, was up 11 percent from 2017, and represents a 56 percent increase through the past five years. SWIFT has, in recent months, claimed a 99.9

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SWIFT Volume Cross-Border Cross-Border Payments 62

The Finance Weekly

APRIL 25, 2022

The 2017 NotPetya attack, believed to have been launched by Russia, hit Ukraine in 2017 before spreading to other countries and companies around the world. Cybersecurity: The lack of known cyber attacks by Russia against Ukraine and other targets since the invasion began should impress upon organizations a false sense of security.

Finance 269

Finance Cybersecurity Risk Treasury 269

PYMNTS

DECEMBER 18, 2018

SWIFT said Tuesday (December 18) that its SWIFT gpi payment service is being used for more than half of SWIFT’s cross-border traffic. The pace of its adoption since its launch in early 2017 is particularly impressive; less than two years since its launch, gpi is rapidly becoming the cross-border standard.

Cross-Border 55

Cross-Border SWIFT Cross-Border Payments Correspondent Bank 55

PYMNTS

JANUARY 23, 2019

SWIFT, a leader in secure financial messaging services, said that it facilitated an average of 31 million messages a day in 2018, an increase of 11 percent over 2017, and 56 percent over the last five years, according to a press release. SWIFT gpi was introduced two years ago. Also, the service’s annual traffic reached 7.8

SWIFT 49

SWIFT Cross-Border Payments Cross-Border Financial Crimes 49

PYMNTS

NOVEMBER 24, 2020

At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. Bitcoin continued its price climb today (Nov. 24), rising above $19,000 in the morning, CNBC reported.

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Bitcoin Digital Currency Cryptocurrency NOV 135

Fintech News

SEPTEMBER 3, 2024

He later moved to Visa in Singapore in 2011 and eventually led Visa Latin America’s digital product and money movement initiatives from Miami in 2017. TerraPay has been expanding its capabilities, particularly in the wallet space, through partnerships like the one with Swift, which enables international account-to-wallet payments.

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Product Interoperability SWIFT Innovation 111

PYMNTS

AUGUST 8, 2018

Payments messaging service SWIFT has received clearance to provide access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) payment scheme, the company said Tuesday (Aug. In an announcement on its website, SWIFT said that, beginning Nov. In an announcement on its website, SWIFT said that, beginning Nov.

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SWIFT Instant Payments Real Time Payments Settlement 40

PYMNTS

JUNE 15, 2018

A new deal involving SWIFT and 10 Chinese banks represents the latest move in the global competition to facilitate cross-border payments. In a statement , the payments messaging company said the financial institutions (FIs) “have gone live” with the SWIFT Global Payments Innovation (GPI) initiative. Dollars,” according to SWIFT.

SWIFT 40

SWIFT Cross-Border Payments Cross-Border Blockchain 40

PYMNTS

DECEMBER 4, 2018

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. 21 of 2017. Implementation began last Friday, Nov.

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

PYMNTS

JULY 25, 2018

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 improve the cross-border payments experience for multi-banked corporates. According to SWIFT , more than $100 billion in SWIFT gpi messages are sent each day.

Cross-Border Payments 41

Cross-Border Payments Cross-Border SWIFT ISO 20022 41

PYMNTS

NOVEMBER 2, 2016

Last September, Ripple publicly questioned the effectiveness of the Global Payments Innovation initiative of payments technology firm SWIFT. GPII, Ripple stated, is “an iteration of exactly what SWIFT provides today with a marginal increase in speed for availability of funds.” Reports Tuesday (Nov. ”

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SWIFT Blockchain NOV Global Payments 75

PYMNTS

JULY 17, 2018

In the pop music world, Taylor Swift’s recent and ongoing Reputation Stadium Tour provides an example of that, one that might remain little known outside music industry circles. The chances of landing better seats were reportedly boosted if fans also bought Taylor Swift merchandise at the same time. Digital Success.

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SWIFT Bots PayPal Consumer 40

PYMNTS

NOVEMBER 16, 2018

16) that the practice still fell in popularity in 2017. percent in 2017 per the flow of SWIFT interbank payment messages. percent cumulatively from the beginning of 2011 to the conclusion of 2017. Even with efforts to stem the decline in correspondent banking, The Financial Stability Board (FSB) noted on Friday (Nov.

Correspondent Bank 76

Correspondent Bank Correspondent Regulations Money Laundering 76

PYMNTS

APRIL 1, 2019

percent: The growth in payments volume via the ACH network between 2017 and 2018. $40 40 trillion: Value of payments transferred through SWIFT in 2018. percent: Projected CAGR of the real-time payments market from 2018 to 2023. 67 percent: Share of Australians slated to use real-time payments by 2023.

Instant Payments 72

Instant Payments ACH Network Real Time Payments ACH 72

PYMNTS

OCTOBER 20, 2017

Venmo has processed about $30 billion in total payment volume in 2017 so far. PayPal has already acquired Swift Financial, Xoom and TIO Networks in 2017. Venmo accounted for $9 billion in mobile payments volume in Q3, nearly doubling volume from this time last year. Total payments volume rose 31 percent to $114 billion.

PayPal 47

PayPal Venmo Caps Volume 47

PYMNTS

AUGUST 9, 2018

To that end, the payments messaging service known as SWIFT has gotten the go-ahead to offer up access to the TARGET Instant Payment Settlement scheme to be offered by the Eurosystem. That latter solution lets users access multiple instant payment systems across Europe via single access point, leveraging existing SWIFT infrastructure.

Cross-Border 40

Cross-Border SWIFT Blockchain Cross-Border Payments 40

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. The European bank offshoot in Paris properly blocked this SWIFT transaction with our Siron solution. This is changing, and 2017 should be the year when compliance breaks through the “cloud ceiling.”

Compliance 45

Compliance Financial Crimes Crime Money Laundering 45

Fintech Finance

AUGUST 15, 2024

Instant payments use the FedNow service, developed and launched by the Federal Reserve in July 2023, and the RTP® network, launched in 2017 by The Clearing House. So far, over 1,000 banks and credit unions have signed on with either the RTP or FedNow networks, or both, and instant payment volume continues to grow.

Instant Payments 105

Instant Payments Treasury RFP RTP 105

Fintech Finance

NOVEMBER 18, 2024

The new regulatory framework is designed to ensure customer money is safe at all times while held by payment providers, and that customers will be given a swift refund in the event of a company collapse. The proposed changes follow problems and delays in providing customer refunds after the collapse of several large payment providers.

Consulting 97

Consulting Payments Regulations Procedures 97

PYMNTS

AUGUST 16, 2019

In 2017, the European Payments Council launched the pan-European Single Euro Payments Area ( SEPA ) Instant Credit Transfer System, and Southeast Asian countries Indonesia, Malaysia, Singapore, Thailand and Vietnam agreed to establish a real-time cross-border payments network. Global Developments. and Australia’s NPP.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

OCTOBER 3, 2019

Beyond those company-specific announcements, The Moscow Times reported that eight foreign banks have signed on to what is billed as the “Russian version” of the SWIFT payments messaging service.

API 76

API Finance SWIFT Blockchain 76

PYMNTS

FEBRUARY 13, 2019

Payments messaging firm SWIFT announced on Tuesday (Feb. SWIFT noted that these cases present KYC challenges because data exchanged between all these parties is often incomplete or out of date. SWIFT’s KYC Registry offers entities a unified platform through which they can upload and share standardized KYC data. ”

Money Laundering 64

Money Laundering AML Economy SWIFT 64

The Paypers

FEBRUARY 16, 2017

(The Paypers) SWIFT has announced that global transaction banks are actively using SWIFT’s new global payments innovation (gpi) service, which opened for live payments in January 2017.

SWIFT 28

SWIFT Cross-Border Payments Cross-Border Payments 28

PYMNTS

SEPTEMBER 17, 2018

Park and those organizations allegedly were behind the malware used in the 2017 WannaCry 2.0 The fraudulent SWIFT messages sent from Bangladesh Bank’s computer systems included the (fake) names and (real) account numbers of the specific accounts that had been created in May 2015,” said the U.S.

SWIFT 63

SWIFT Bitcoin Database Payments 63

PYMNTS

JULY 4, 2017

According to the latest findings of the European Ecommerce Report 2017 , it is a good time to be selling online in Europe — especially since online retail growth has been “exponential” over the last several years. During 2016 alone, eCommerce activity increased by 15 percent to €530 ($602 billion U.S., Developed Versus Developing.

Cross-Border 71

Cross-Border SWIFT Transactions Consumer 71