Tag "SWIFT"

With US$40 Trillion Transfers in 2018, SWIFT Gpi is Working on New Features

SWIFT announced that more than US$40 trillion has been transferred over the SWIFT gpi service in 2018. Rapid adoption saw the share of cross-border messages using gpi soar from 15% at the start of 2018, to 56% by the end

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Swift Now Offers Global Know Your Customer Platform to Corporates

SWIFT announced that it will be opening its Know Your Customer platform, the KYC Registry, to corporates. In a first step, from Q4 2019, all 2,000 SWIFT-connected corporate groups will be able to join The KYC Registry, and use it

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SWIFT’s Network Gains a Blockchain Boost from R3’s Corda

The SWIFT messaging network—an entrenched establishment mainly known for cross-border interbank transfers— is integrating blockchain from R3 into its processes. This is the corporation’s bid to speed up its processes, create more ubiquity, and bring in the general trade certainty that comes

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26 Regulatory Initiatives that Will Shape Fintech in Europe and Beyond

In the banking industry’s quest towards open banking, standardisation has now become the name of the game towards global applicability. There is a consistent push and pull between whether these standards should come from regulators or industry players. On one

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Can Blockchain handle this too? SWIFT Annual Payment Traffic To Exceed 7 Billion Message Mark

SWIFT’s FIN traffic rose to an all-time high of 7.1 billion messages in 2017, fuelled by double-digit growth in global payments. While SWIFT’s FIN traffic grew by 9% over the year, FIN Payment traffic rose by 12%, driven by growth across all

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CIPS China: Internationales Bezahlsystem lanciert

Mit CIPS lancierte China ein grenzübrgeifendes Bezahlsystem. 11 Chinesische und 8 internationale Finanzkonzerne lancieren mit CIPS eine Yuan basierte Alternative zum SWIFT-Netzwerk. CIPS China ermöglicht Same Day Settlement quer über Asien und Europa und soll vor allem die Kosten senken

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