SWIFTRSS

Swift gives final wave to four more CSDs on T2S

New addition to Swift's network

Swift has announced the migration of Iberclear (Spain) and the Baltic central securities depositories (CSDs) of Estonia, Latvia and Lithuania and their respective communities to live operations on Target2 Securities (T2S) using its value added network (VAN) solution. The migration marks the end of the T2S migration plan, which started back in June 2015. Since […]

Swift’s gpi powers DBS cross-border payments tracking debut

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Corporates and SMEs in Singapore and Hong Kong can now track their cross-border payments via DBS, using Swift’s global payments innovation (gpi). DBS says it is the first bank in the two countries to execute cross-border payments with end-to-end tracking, “helping corporates and SMEs become more efficient in their cash management”. In the past, DBS […]

Swift teams with TCH to drive instant payments in US

New addition to Swift's network

Hot on the heels of the US Fed’s Faster Payments Task Force final report and call for the industry to implement faster payments in the US by 2020, Swift is offering a gateway, reports Paybefore (Banking Technology‘s sister publication). The global financial messaging provider says it will provide US institutions with a gateway to The […]

Payments: Australia gives Swift instant results

Australia and Europe flag

Off the back of its involvement in Australia’s New Payments Platform (NPP), Swift has entered the instant payments market in Europe, with plans to launch a gateway solution in November 2018. The solution will enable instant payments to be made over the Swift network using a single gateway to connect to multiple instant payments systems across Europe.

Belize’s central bank selects Swift to combat financial crime

New addition to Swift's network

The Central Bank of Belize has chosen Swift’s Sanctions Screening solution to combat financial crime and put in compliance controls. The bank says: “Implementing the right compliance controls within an organisation is not only a regulatory responsibility, but also a priority for global security.” Juan Martínez, managing director Latin America and the Caribbean, Swift, says […]

Three more Chinese banks join Swift’s global payments innovation

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Three local Chinese commercial banks have joined Swift’s global payments innovation initiative (gpi), bringing the number of Chinese banks involved to 16, the most in the world, according to Xinhua. The new trio are Yinzhou Bank and Bank of Ningbo in eastern China’s Zhejiang province; and the Bank of Jiangsu, in the eastern Jiangsu province […]

Sibos 2017: entertainment guide – return to Toronto

Toronto, home of Sibos 2017

Swift’s annual event, Sibos, was last held in Toronto in 2011, so many delegates will already have explored the city and know what’s in store. But for those who have yet to visit, read on.

More banks nuzzle up to Swift’s nostro blockchain project

New addition to Swift's network

Swift has revealed that 22 additional banks have joined its blockchain proof of concept (PoC), designed to validate whether the technology can help banks reconcile their international nostro accounts in real time. The PoC is part of the Swift gpi (global payments innovation) service, its new standard for cross-border payments. As reported previously, gpi has […]

Money’s the honey for Swift global payments innovation challenge

New addition to Swift's network

Swift is offering funding of up to €200,000 for the two winning fintech finalists of its industry challenge to develop new overlay services that use its global payments innovation (gpi) platform. The winners will work with banks on collaborative concepts that solve additional industry challenges in cross-border payments on top of gpi. As reported previously, […]

Swift unveils new instant payments solution for Europe

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Swift has launched an instant payments messaging solution for the European market, offering a single gateway to multiple systems, and available by November 2018. According to Swift, this latest development builds on its earlier deal in Australia. In 2015, it was awarded the contract to deliver the messaging infrastructure to underpin Australia’s new payments platform, […]

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