Fintech Finance

OCTOBER 16, 2024

Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. Available from January 2025, the service is the result of extensive collaboration with banks from around the world and a successful pilot earlier this year.

Cross-Border Payments 92

Cross-Border Payments Cross-Border SWIFT AI 92

Fintech News

MAY 21, 2024

Swift has announced a major upgrade aimed at improving the cross-border payment experience for corporate customers. The financial messaging network will extend ISO 20022 across the entire payment chain and provide banks with ready-to-use tracking services.

ISO 20022 85

ISO 20022 Cross-Border Payments Cross-Border ISOs 85

Finextra

SEPTEMBER 9, 2024

Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Stablecoins SWIFT 98

Fintech Finance

OCTOBER 21, 2024

Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. Fully compatible with existing correspondent banking arrangements between respondents and correspondents.

Cross-Border Payments 85

Cross-Border Payments Cross-Border Visa Near Real-Time 85

Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.

Cross-Border Payments 108

Cross-Border Payments Cross-Border SWIFT Fed 108

Payments Dive

AUGUST 24, 2023

The international cooperative reports improvements in meeting some G20 cross-border payments goals, but says the industry is falling short on others.

Cross-Border Payments 147

Cross-Border Payments Cross-Border SWIFT Payments 147

Fintech Finance

NOVEMBER 15, 2024

TransferTo , a Singapore-based global technology group, and Ecobank Group the leading pan-African financial institution, announce a landmark Memorandum of Understanding (MOU), laying the groundwork to transform financial access and cross-border payment solutions across Africa.

Cross-Border Payments 95

Cross-Border Payments Cross-Border Financial Inclusion Underserved 95

Fintech News

OCTOBER 22, 2024

Banking software provider Temenos has introduced a new service designed to make cross-border payments faster and more affordable. The Temenos Cross Border Payments Enterprise Service is available to banks, Payment Service Providers (PSPs), electronic money institutions (EMIs), and fintechs.

Cross-Border Payments 68

Cross-Border Payments Cross-Border Regulatory Compliance Payments 68

PYMNTS

OCTOBER 7, 2020

Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We Oracle and SWIFT share a history of collaboration. The subsidiary of Oracle Corp.

Cross-Border Payments 145

Cross-Border Payments Cross-Border SWIFT ISO 20022 145

Finextra

OCTOBER 22, 2024

Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Payments 59

Finovate

APRIL 30, 2024

International banking technology company Veritran announced a collaboration with financial messaging services company Swift. As part of the collaboration, Veritran has joined the Swift Partner Programme. Swift GPI Tracker enables users to check the status of cross-border payments.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 59

The Paypers

OCTOBER 21, 2024

Nium has announced its partnership with Swift in order to enable global financial institutions to benefit from simplified and secure cross-border payments.

Cross-Border Payments 45

Cross-Border Payments Cross-Border SWIFT Payments 45

Fintech Finance

MAY 30, 2024

Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs. That’s an incredibly exciting prospect, but one that will require strong collaboration.

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT AI 64

Finovate

OCTOBER 21, 2024

Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. with Lloyds Banking Group and UBS.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa FedNow 59

Finextra

JUNE 3, 2024

Swift and Global Banks Team Up to Combat Cross-Border Payment Fraud with AI Swift, the global financ.

Cross-Border Payments 69

Cross-Border Payments Cross-Border SWIFT AI 69

The Fintech Times

APRIL 27, 2024

Global tech firm Veritran has partnered with Swift , the world’s leading provider of financial messaging services, to enable financial institutions to offer an enhanced, streamlined and more transparent cross-border payment experience to their customers.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 59

Fintech Finance

APRIL 30, 2024

Veritran and Swift announce their collaboration that will enable financial institutions to offer an enhanced and streamlined cross-border payments experience to their customers. Users will also have full visibility of a payment cost, including the FX rate, upfront.

Cross-Border Payments 52

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 52

Fintech Finance

OCTOBER 21, 2024

Thunes , the Smart Superhighway to move money around the world, today announced its proprietary Direct Global Network now provides banks with access to over 3 billion mobile wallets around the world via their existing Swift connectivity.

SWIFT 79

SWIFT Cross-Border Payments Cross-Border Financial Inclusion 79

Fintech News

JUNE 11, 2024

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. These have since gone live and new features like payment, and foreign currency exchange are currently in the works.

Cross-Border Payments 101

Cross-Border Payments Cross-Border Payment APIs and Integration Payments 101

Fintech News

JUNE 4, 2024

This partnership will integrate Mastercard Move , a comprehensive suite of money transfer solutions, into Temenos Payments Hub. Mastercard Move’s solutions facilitate secure and swift international money transfers, offering cost-effective options to route and deliver funds through Mastercard’s extensive global network.

Cross-Border Payments 87

Cross-Border Payments Cross-Border Visa Payment APIs and Integration 87

Fintech Finance

OCTOBER 21, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.

Real Time Payments 74

Real Time Payments SWIFT Payment Networks Cross-Border Payments 74

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Payments Dive

JULY 14, 2023

Trust and transparency of fees were other key factors for consumers and businesses choosing a cross-border payment provider, a Swift survey revealed.

Cross-Border Payments 78

Cross-Border Payments Cross-Border Consumer SWIFT 78

The Paypers

SEPTEMBER 24, 2024

Swift has partnered with global tech company Wise to allow secure Swift transfers to be completed over Wise with full transparency for financial institutions and their customers.

Cross-Border Payments 63

Cross-Border Payments SWIFT Cross-Border Payments 63

PYMNTS

OCTOBER 1, 2020

SWIFT , a global provider of secure financial messaging, announced a new service Thursday (Oct. 1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders. SWIFT said this latest improvement is another building block for its new strategy.

Cross-Border Payments 113

Cross-Border Payments Cross-Border SWIFT Payments 113

Finextra

OCTOBER 21, 2024

Nium, the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.

SWIFT 64

SWIFT Cross-Border Payments Cross-Border Real Time Payments 64

Fintech Finance

JUNE 7, 2024

EvonSys , a Global Elite Pega Partner and Platinum Sponsor for Pega World 2024, announces the launch of the EvonSys Payments Platform (EPP). This innovative platform is set to transform the landscape of cross-border payments, delivering new standards in traceability, transparency, and efficiency.

Cross-Border Payments 52

Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 52

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. and Ireland at SWIFT. . and Ireland at SWIFT. .

Cross-Border Payments 104

Cross-Border Payments Cross-Border SWIFT Wire Transfer 104

The Paypers

MARCH 17, 2023

Swift Go has been launched in 2021 as a solution for completing low-value cross-border payments, and there are over 600 banks that support it.

Cross-Border Payments 74

Cross-Border Payments Cross-Border SWIFT Payments 74

Fintech Finance

JULY 23, 2024

billion mobile wallets around the world using their existing Swift connectivity, enhancing the cross-border payments experience for businesses and consumers. Swift connects more than 11,500 financial institutions in over 200+ countries. Swift connects more than 11,500 financial institutions in over 200+ countries.

SWIFT 87

SWIFT Cross-Border Cross-Border Payments Accounts 87

Fintech News

OCTOBER 16, 2024

Swift, the global financial messaging network, is launching a new AI-powered service to help banks fight financial crime. This new capability builds on Swift ‘s existing Payment Controls Service and was developed in collaboration with banks around the world.

Fraud Detection 93

Fraud Detection SWIFT AI Financial Crimes 93

Fintech Finance

APRIL 24, 2024

The Bank of England has provided a strong commitment to the international programme through the development of its new Real Time Gross Settlement System (RTGS) which sits at the heart of the UK’s national payments infrastructure. The UK is increasingly falling behind the world order in this space, with the inability of Pay.UK

ISO 20022 135

ISO 20022 Cross-Border Payments ISOs Cross-Border 135

The Paypers

OCTOBER 7, 2022

EBA CLEARING , The Clearing House (TCH) , and SWIFT have announced that they are to deliver the Immediate Cross-Border Payments (IXB) pilot service.

Cross-Border Payments 69

Cross-Border Payments TCH Cross-Border SWIFT 69

The Paypers

DECEMBER 10, 2021

Global provider of secure financial messaging services SWIFT has announced the translation availability for its ISO 20022 customer testing environment for cross-border payments.

ISO 20022 78

ISO 20022 Cross-Border Payments Cross-Border ISOs 78

Fintech News

JULY 23, 2024

Payments infrastructure company TerraPay has announced that financial institutions can now send money directly to over 2.1 billion mobile wallets worldwide using their existing Swift connectivity. This development aims to enhance the cross-border payments experience for businesses and consumers.

SWIFT 99

SWIFT Cross-Border Cross-Border Payments Payments 99

Finextra

MAY 30, 2024

Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.

SWIFT 119

SWIFT Cross-Border Payments AI Cross-Border 119

Fintech Finance

JUNE 18, 2024

Swift today published the findings of research that shows Small and Medium Enterprises (SMEs) in the European Union feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve their cashflow, and increase their competitiveness. One in five expect to be more competitive.

Instant Payments 81

Instant Payments SWIFT Cross-Border Payments Cross-Border 81