PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. The company recently announced $7.7

Payment APIs and Integration 83

Payment APIs and Integration Central Bank SWIFT FinTech 83

PYMNTS

MARCH 28, 2016

This makes China’s international payments play a bit unconvincing to some. But payments messaging service SWIFT has been brought on by China to help strengthen CIPS’ capabilities. Reports said Friday (March 25) that the company has signed a memorandum of understanding (MOU) that sees SWIFT aiding CIPS in its development.

SWIFT 40

SWIFT Cross-Border Cross-Border Payments Payments 40

PYMNTS

AUGUST 19, 2016

As SWIFT continues to promote the adoption of the ISO 20022 payments messaging standard across financial institutions, the company said it is zeroing in on the potential for ISO 20022 harmonization in the high-value payments space. To highlight that potential, SWIFT revealed on Thursday (Aug.

ISO 20022 40

ISO 20022 ISOs SWIFT Message Standards 40

PYMNTS

NOVEMBER 22, 2016

Axis’ participation in Earthport’s network is its latest effort to stay on the cutting edge of global payments and FinTech. .” Reports added that Earthport’s entrance into India is part of its overall plan to expand internationally.

Cross-Border Payments 68

Cross-Border Payments Cross-Border SWIFT Payments 68

PYMNTS

JUNE 16, 2018

Russia is reportedly looking to use the platform to replace SWIFT’s inter-bank communications network. European Union sanctions against Russia for its annexation of Crimea in 2014 sparked concerns that SWIFT may remove Russia from its system.

SWIFT 45

SWIFT Blockchain Central Bank Underwriting 45

PYMNTS

OCTOBER 17, 2018

Other B2B payment initiatives in Russia have come from Visa , which announced earlier this year that it would be expanding its corporate payment services in the country. At the time, Sberbank signed on to participate in Visa’s B2B Connect, a solution that utilizes blockchain to facilitate B2B transactions.

B2B 57

B2B SWIFT Payments Instant Payments 57

PYMNTS

AUGUST 21, 2019

” Australia’s real-time payments service went live in early 2018 and sought collaboration from FinTech firms and developers through the launch of a developer sandbox. .”

Payment APIs and Integration 71

Payment APIs and Integration Real Time Payments Breach Data Breach 71

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

PYMNTS

APRIL 6, 2016

Payments messaging firm SWIFT is looking to gain support for its global payments initiative and, most recently, announced the latest backers of the pilot program. The company said it will hope to improve the transparency and speed of global payments with the program.

Cross-Border Payments 41

Cross-Border Payments Cross-Border B2B SWIFT 41

Fintech Finance

MAY 14, 2024

Accessible through Banking Circle’s SWIFT membership as a plug and play solution means the development and administrative costs and timelines usually linked to direct participation with the clearing houses (ACH) or cumbersome sponsor bank integration can be eliminated.

IBAN 52

IBAN Payment APIs and Integration SWIFT Instant Payments 52

PYMNTS

APRIL 23, 2018

The bank is using SWIFT’s gpi service , and is also reportedly in discussions with the payments messaging company to join a consortium to develop a real-time payments solution for cross-border transactions in the Asia Pacific region.

Real Time Payments 46

Real Time Payments Cross-Border Payments Cross-Border SWIFT 46

PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. However, participation from the traditional financial services sector isn’t necessarily a requirement when it comes to crypto adoption, even in the B2B payments market, according to BitRail Co-founder and Vice Chairman Cameron Chell. .”

B2B 70

B2B Cryptocurrency Payments Blockchain 70

PYMNTS

APRIL 19, 2016

Payments technology developers and regulators are beginning to voice their support for ISO 20022, the payments messaging standard that proponents say can streamline global payments with an easier way to link data to a transaction. SWIFT has similarly taken to boosting ISO 20022’s adoption within Canada , too.

ISO 20022 40

ISO 20022 ISOs Message Standards Federal Reserve 40

PYMNTS

JUNE 16, 2016

The interbank messaging firm SWIFT has had a rough few months. Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the SWIFT messaging system , forcing the company — and financial services players everywhere — to take a renewed look at payments security measures.

Security 43

Security B2B SWIFT Faster Payments 43

PYMNTS

JANUARY 26, 2017

Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too. Further, blockchain, Finlync said, negates the need for participants to align with what the company described as “complex” payments messaging standards like ISO.

Blockchain 57

Blockchain Cross-Border Payments B2B Cross-Border 57

PYMNTS

DECEMBER 17, 2019

Meanwhile, payments messaging firm SWIFT recently announced that its gpi service can now integrate into domestic real-time payment systems, enabling banks to wield gpi for real-time cross-border payments. The idea for M10, then, is to work 24/7, and via a system that participants can easily install and run.

Central Bank 52

Central Bank Global Payments Cross-Border Payment APIs and Integration 52

PYMNTS

NOVEMBER 19, 2019

He cited other risk-reduction programs that cut across the banking ecosystem including SWIFT’s customer security program, which mandates that every institution, including corporates, connected to the payment messaging system have a minimum set of controls — and participants need to attest the controls that are in place.

Fraud Prevention 40

Fraud Prevention Treasury Interoperability Cross-Border 40

PYMNTS

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. For retail, Libra could change global eCommerce and the shopping experience. “As

Cross-Border Payments 84

Cross-Border Payments Cross-Border Blockchain SWIFT 84