Swift
Swift and top global banks working on blockchain-based overhaul
[LONDON] Global financial messaging network Swift and more than 30 global banks announced on Monday (Sep 29) that they were now working “at pace” on making cross-border payments instantaneous and on a...
Your money will be gone in 60 seconds, and that’s good
A protocol to move money across borders quickly at a low fee will be the best thing to happen to instant payments – until the next best thing comes along
Swift planning launch of new central bank digital currency platform in 12-24 months
GLOBAL bank messaging network Swift is planning a new platform in the next one to two years to connect the wave of central bank digital currencies (CBDC) now in development to the existing finance sys...
India using Swift global payment system to settle US dollar payments with Russia: source
INDIAN companies are using the Swift global payment system to settle US dollar payments with Russia, a top trade official said on Wednesday (Mar 15), even though many Russian banks are blocked from th...
Crypto exchange Bybit suspends US dollar payments via bank transfers
CRYPTO exchange Bybit is suspending US dollar-denominated deposits and withdrawals via bank transfers, including Swift payments.
Payment giant has Swift alternative for 32 million Indian expats
THE company that built India's digital payments backbone plans to make it cheaper and easier for the nation's 32 million expatriates to bring their money home.
Swift sets out blueprint for central bank digital currency network
FINANCIAL messaging system Swift has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.
Swift financial-messaging system pilots blockchain project
Swift, the messaging system used by financial institutions globally to convey instructions on tens of millions of transactions each day, is testing out blockchain.
EU to exclude Russia’s biggest bank from Swift
EU LEADERS agreed on Monday that their sixth sanctions package targeting Moscow over its invasion of Ukraine will include a measure to exclude Russia’s Sberbank from the Swift financial messaging syst...
Russian central bank official says some banks need additional capital
A SENIOR Russian central bank official said on Wednesday that some banks would need additional capital and that the country's top 20 lenders would be assessed for their financial strength by the end o...
