Search Results for: SWIFT
CFTC Extends Designation of DTCC-SWIFT as LEI Provider
July 19th, 2016
One-Year Extension Allows More Time for Global LEI System Transition The U.S. Commodity Futures Trading Commission (CFTC) announced that it has issued an Order extending, by one year, the designation of the utility operated by DTCC-SWIFT as the provider ...
Swift: 73 banks worldwide joined the global payments innovation initiative
July 1st, 2016
More than 70 banks worldwide collaborate to dramatically improve the cross-border payments experience with greater speed, transparency and end-to-end tracking SWIFT announces today that 73 banks worldwide have now joined its global payments innovation initiative, designed to improve the cross-border ...
SWIFT warns for a malware aims to reduce financial institutions’ abilities
April 26th, 2016
SWIFT is aware of a malware that aims to reduce financial institutions’ abilities to evidence fraudulent transactions on their local systems. Contrary to reports that suggest otherwise, this malware has no impact on SWIFT’s network or core messaging services. ...
SWIFT offers secure financial messaging services to CIPS
March 29th, 2016
SWIFT and CIPS sign memorandum of understanding on cross-border interbank payment system cooperation SWIFT has signed a memorandum of understanding (MOU) with China International Payment Service Corp., (CIPS Co.). The MOU sets out plans for a strategic collaboration to ...
The Central Bank of the I.R. of Iran announced that SWIFT completes the on-boarding process for Iranian banks
February 18th, 2016
Following the historic event of implementation of Joint Comprehensive Plan of Action (JCPOA) agreed by the 5+1 countries on January 16th 2016, the Central Bank of the I.R. of Iran started the plan of SWIFT rejoining process for all Iranian ...
Microsoft buys UK AI firm SwiftKey
February 3rd, 2016
UK-based artificial intelligence firm SwiftKey has been acquired by Microsoft, the company has confirmed. The Financial Times reports the deal is worth $250m (£174m). SwiftKey is known for its predictive keyboard, which can be found installed on millions of ...
45 leading banks sign up to SWIFT’s global payments innovation initiative
January 22nd, 2016
Major banks around the world take action to dramatically improve the customer experience in cross-border payments SWIFT announces that 45 leading banks have signed up to its global payments innovation initiative, announced at the end of December 2015. The ...
Barclays partners with SWIFT to enhance service quality for corporate clients
January 13th, 2016
Barclays selects SWIFT India to reduce complexity and risk for its corporate clients SWIFT India announced today that Barclays has selected it as a channel for payments, cash management, trade finance and treasury transactions for their corporate customers. Eleven ...
Citi India is the first to enable SWIFT as a channel for India’s corporate treasurers
November 25th, 2015
Citi is a leading supporter of SWIFT for Corporates, recognising the importance of efficiency and flexibility in corporate access. SWIFT India Domestic Services Pvt Ltd (“SWIFT India”) and Citi India today announced a project to enable SWIFT India as ...
Caribbean Association of Banks endorses SWIFT’s KYC Registry
September 28th, 2015
SWIFT’s KYC Registry gains momentum amongst Caribbean banks. SWIFT today announces that the Caribbean Association of Banks (CAB), with regional membership of 45 financial institutions across 16 countries, endorses The Know Your Customer (KYC) Registry, a centralized repository that ...
