Tag: Swift
Swift connects instant payment systems to bring 24/7 processing across borders
Swift has connected domestic payment schemes across Europe to provide full transparency and end-to-end tracking for instant cross-border transfers destined for the EU.The European...
SWIFT gets partner for CBDC gateway to existing payment networks
Global interbank messaging network Swift is working with Capgemini to explore ways to interlink the multiple domestic-based CBDC (central bank digital currency) networks emerging...
Swift ban extended to Belarus
Three Belarusian banks have been excluded from the Swift financial messaging network as the EU imposes further financial sanctions against warring forces in Uktaine.For...
Russian Central Bank launches alternative to SWIFT with 399 users
Russia has launched its own financial message transfer platform following the global ban from SWIFT due to its recent invasion of Ukraine.The new Financial...
UK pushes Europe to cut Russia off from Swift
As Russia moves further into Ukraine and sanctions have isolated Russian banks from the rest of the global financial system, depriving the country of...
If Russia is cut off SWIFT Global Payments System, what happens?
While the US and its European allies pushed out a series of sanctions to punish Russia for its military offensive in Ukraine, they stopped...
SWIFT vets bid to make cross-border payments as easy as texting
A group of Swift veterans have unveiled a global payment addressing service for banks and fintechs that promises to make transferring money around the...