Fintech Finance

DECEMBER 11, 2024

To better combat fraud in cross-border payments, Swift, the global provider of secure financial messaging services, is working with Google Cloud to develop anti-fraud technologies that use advanced AI and federated learning. The central server aggregates these learnings to enhance Swifts global model.

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SWIFT AI Cross-Border Payments Privacy 95

Fintech Finance

APRIL 17, 2025

Swift today announced the launch of an enhanced solution for managing payment investigations that could save the financial industry millions and significantly reduce the time it takes to identify and resolve issues when international payments are delayed. Financial institutions spend more than USD 1.6

Cross-Border Payments 52

Cross-Border Payments Cross-Border SWIFT ISO 20022 52

PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. 16) that its cross-border platform will be retooled to enable financial institutions to deliver instant transactions. SWIFT said the planned platform will leverage its reach across more than 11,000 institutions in 200 countries.

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Cross-Border SWIFT Cross-Border Payments API 139

Fintech News

JUNE 2, 2024

Swift, the global financial messaging cooperative, has announced two AI-driven experiments in collaboration with member banks to combat cross-border payments fraud which could potentially save the industry billions in fraud-related costs. That’s an incredibly exciting prospect, but one that will require strong collaboration.

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Cross-Border Payments Cross-Border SWIFT AI 132

Fintech News

DECEMBER 11, 2023

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. They will be granted access to the Swift Challenge sandbox environment.

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Cross-Border SWIFT AI Innovation 128

Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.

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Cross-Border Payments Cross-Border SWIFT Fed 125

PYMNTS

OCTOBER 1, 2020

SWIFT , a global provider of secure financial messaging, announced a new service Thursday (Oct. 1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders. SWIFT said this latest improvement is another building block for its new strategy.

Cross-Border Payments 113

Cross-Border Payments Cross-Border SWIFT Payments 113

Payments Dive

AUGUST 24, 2023

The international cooperative reports improvements in meeting some G20 cross-border payments goals, but says the industry is falling short on others.

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Cross-Border Payments Cross-Border SWIFT Payments 147

The Fintech Times

DECEMBER 1, 2024

In a move to make cross-border transfers more accessible and seamless for customers, HSBC Singapore has been working alongside money movement solutions provider, Dandelion. This enhancement tripled HSBC’s cross-border payment capabilities, adding 50 new destinations and 40 new currencies.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Multi-Currency Wire Transfer 59

Fintech News

MAY 21, 2024

Swift has announced a major upgrade aimed at improving the cross-border payment experience for corporate customers. By standardising payments end-to-end with ISO 20022, Swift enables financial institutions to capture detailed data from the outset.

ISO 20022 113

ISO 20022 Cross-Border Payments Cross-Border ISOs 113

Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. Let’s dive in.

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Cross-Border Payments Cross-Border Multi-Currency FinTech 115

The Fintech Times

FEBRUARY 13, 2025

Money20/20 , the global fintech show, is gearing up to return to Asia from 22 to 24 April 2025, with plans to spotlight cross-border payments. Cross-border payment has been a dominant theme in Asias financial ecosystem. But with innovation comes complexity new technologies, shifting regulations, and fierce competition.

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Cross-Border Payments Cross-Border APACS Payments 72

Fintech Finance

OCTOBER 17, 2024

Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour.

Cross-Border Payments 98

Cross-Border Payments Cross-Border SWIFT ISO 20022 98

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?

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SWIFT Cybersecurity PCI DSS Compliance 173

Fintech Finance

OCTOBER 14, 2024

The collaboration progresses a strategic relationship the two organisations announced in October 2022, and reflects a commitment by Swift, GSS and the GSS Advisory Board, comprising 35 of the world’s leading financial institutions, to reduce inefficiency in the global payments ecosystem.

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Cross-Border Payments Cross-Border SWIFT Innovation 97

Fintech Finance

JULY 12, 2024

Cross-border payments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-border payments aims to improve the speed, access, transparency, and cost of international payments by 2030.

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Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 140

Fintech News

OCTOBER 28, 2024

This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-border payments. Adding to Nium’s global payments network, the launch complements recent developments that enable financial institutions to connect using existing Swift capabilities and infrastructure.

Cross-Border 107

Cross-Border Payment APIs and Integration Cross-Border Payments Verification 107

The Fintech Times

MAY 28, 2025

This dual licensing enables the company to offer cross-border payment services that integrate traditional fiat currencies with blockchain-based stablecoin transfers. This is a major leap in making global money movement truly borderless, said Kebbie Sebastian, founder and CEO of Merge.

Stablecoins 106

Stablecoins Regulations Cross-Border Payments Multi-Currency 106

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. and Ireland at SWIFT. . 10) press release.

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Cross-Border Payments Cross-Border SWIFT Wire Transfer 104

Fintech Finance

OCTOBER 16, 2024

Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. Available from January 2025, the service is the result of extensive collaboration with banks from around the world and a successful pilot earlier this year.

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Cross-Border Payments Cross-Border SWIFT AI 98

Fintech News

FEBRUARY 19, 2024

In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it has had on global money movement.

Cross-Border 117

Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 117

Fintech Finance

MARCH 26, 2025

licensed digital bank offering a vertically integrated suite of traditional and digital asset banking and custody services, today announced its successful launch of its SWIFT code: ITTLPRS2XXX. The post FV Bank Announces Launch of SWIFT Services to Enhance Global Payment Capabilities appeared first on FF News | Fintech Finance.

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SWIFT Global Payments Cross-Border Payments Cross-Border 64

Fintech News

JUNE 11, 2024

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. B2B embedded cross-border solutions provider Currencycloud played a crucial role by providing the APIs necessary for a seamless and user-friendly experience.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Payment APIs and Integration Payments 117

Fintech Finance

OCTOBER 22, 2024

Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services. The service is ISO20022 ready and supports SWIFT-based flows.

Cross-Border Payments 98

Cross-Border Payments Cross-Border SWIFT Message Standards 98

Finextra

SEPTEMBER 9, 2024

Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.

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Cross-Border Payments Cross-Border Stablecoins SWIFT 98

Fintech Finance

OCTOBER 21, 2024

Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. Fully compatible with existing correspondent banking arrangements between respondents and correspondents.

Cross-Border Payments 104

Cross-Border Payments Cross-Border Visa Near Real-Time 104

Fintech Finance

APRIL 8, 2025

PayFuture can offer instant, direct SEPA and SWIFT access, issue e-money, provide IBAN accounts along with a broader suite of localised payment solutions. These capabilities will help merchants streamline their international transactions, reduce friction in cross-border payments, and accelerate growth in new regions.

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Cross-Border Alternative Payment Methods Cross-Border Payments IBAN 89

Payments Source

DECEMBER 2, 2020

After tests with several banks that established Swift's ability to connect its Global Payments Initiative faster payments rail to domestic networks, the financial and messaging standards organization is activating the service in the U.K.

Cross-Border Payments 116

Cross-Border Payments SWIFT Cross-Border Message Standards 116

The Payments Association

JUNE 3, 2025

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

Finextra

OCTOBER 14, 2024

Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar.

Cross-Border 98

Cross-Border Cross-Border Payments SWIFT Payments 98

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). In this case SWIFT it may not be necessary, because it will be a different kind of technological interaction,” Skorobogatova said during a virtual meeting, per RT.com.

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Central Bank SWIFT Digital Currency CBDC 142

Payments Source

OCTOBER 1, 2020

Swift is working with more than 20 banks in its network to test a service designed to help consumers and small and medium-size companies send low-value cross-border payments with the same speed and transparency benefits larger banks enjoy on Swift rails.

SWIFT 113

SWIFT Small Business Faster Payments Cross-Border Payments 113

PYMNTS

JULY 29, 2020

and China heating to a boil, one of China’s top banks is urging financial institutions (FIs) to cut their use of the SWIFT financial messaging network for cross-border transactions. adopting measures such as locking Chinese banks out of SWIFT, Reuters reported.

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ISO 20022 SWIFT Cross-Border ISOs 116

Fintech News

JULY 23, 2024

billion mobile wallets worldwide using their existing Swift connectivity. This development aims to enhance the cross-border payments experience for businesses and consumers. Swift connects more than 11,500 financial institutions in over 200 countries. TerraPay’s network facilitates payments to over 2.1

SWIFT 109

SWIFT Cross-Border Cross-Border Payments Payments 109

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

Finextra

MAY 30, 2024

Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.

SWIFT 119

SWIFT Cross-Border Payments AI Cross-Border 119

PYMNTS

DECEMBER 2, 2020

Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. He added that SWIFT’s gpi Instant targets four main issues: “speed, security, transparency and compliance.” The new service is being rolled out initially in the U.K.

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SWIFT Cross-Border Cross-Border Payments Faster Payments 102