Fintech Finance

JANUARY 16, 2025

I see Guavapay is clearly positioned to lead the next-generation payment solutions, offering unparalleled speed, transparency and cost-effectiveness. Guavapay’s flagship products, MyGuava (B2C) and MyGuava Business (B2B) payment apps offer users to open accounts in over 20 currencies, including GBP, USD, and EUR.

Innovation 98

Innovation Technology Multi-Currency Payment APIs and Integration 98

Payments Source

DECEMBER 2, 2020

After tests with several banks that established Swift's ability to connect its Global Payments Initiative faster payments rail to domestic networks, the financial and messaging standards organization is activating the service in the U.K.

Cross-Border Payments 116

Cross-Border Payments SWIFT Cross-Border Message Standards 116

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 122

Cross-Border Payments Cross-Border SWIFT Fed 122

PYMNTS

OCTOBER 6, 2016

SWIFT’s year has been filled with controversy, the apex of which occurred when reports surfaced that cyberthieves infiltrated Bangladesh Bank via the SWIFT messaging system in February, resulting in $81 million stolen from the bank’s account at the New York Federal Reserve.

SWIFT 75

SWIFT Global Payments Innovation Cross-Border 75

PYMNTS

JULY 29, 2020

and China heating to a boil, one of China’s top banks is urging financial institutions (FIs) to cut their use of the SWIFT financial messaging network for cross-border transactions. adopting measures such as locking Chinese banks out of SWIFT, Reuters reported. With the economic and political battles between the U.S.

ISO 20022 116

ISO 20022 SWIFT Cross-Border ISOs 116

Payments Source

FEBRUARY 11, 2021

Pelican, a provider of payments and artificial intelligence technology, is supporting Swift's development of a new service for low-cost cross border payments across its Global Payments Initiative and high-speed rails.

SWIFT 113

SWIFT Cross-Border Payments Cross-Border Payment Initiation 113

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.

Cross-Border Payments 98

Cross-Border Payments Cross-Border SWIFT AI 98

PYMNTS

DECEMBER 2, 2020

Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. He added that SWIFT’s gpi Instant targets four main issues: “speed, security, transparency and compliance.” Global payments routed to the U.K.

SWIFT 102

SWIFT Cross-Border Cross-Border Payments Faster Payments 102

Fintech Finance

OCTOBER 14, 2024

The collaboration progresses a strategic relationship the two organisations announced in October 2022, and reflects a commitment by Swift, GSS and the GSS Advisory Board, comprising 35 of the world’s leading financial institutions, to reduce inefficiency in the global payments ecosystem.

Cross-Border Payments 97

Cross-Border Payments Cross-Border SWIFT Innovation 97

Fintech News

JUNE 4, 2024

International Payment Identity (iPiD), a Singapore-based fintech that recently joined Visa’s 2024 Accelerator Programme , has raised US$5.3 Founded in 2021 by former Swift executives, iPiD offers advanced payee verification and identification solutions aimed at enhancing global payment security.

SWIFT 111

SWIFT Payee FinTech Verification 111

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 97

SWIFT Cross-Border Payments Cross-Border Instant Payments 97

The Payments Association

JANUARY 21, 2025

Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Payments Source

FEBRUARY 25, 2021

The payments division of Western Union has integrated with the Swift Global Payment Initiative for faster transfers, and has added international currency options.

SWIFT 102

SWIFT B2B Payment Initiation Global Payments 102

Payments Source

APRIL 5, 2016

Swift is moving into the testing phase of its global payments initiative, saying 21 banks have started a pilot for clearer communication amongst banks making and accepting cross-border payments.

Payment Initiation 62

Payment Initiation SWIFT Global Payments Cross-Border Payments 62

The Fintech Times

MARCH 6, 2025

Unifying global fiat and stablecoin payments, stablecoin payments infrastructure provider BVNK has announced a new embedded wallet. They have existed in today’s market for some time but have had limited capabilities to manage stablecoin, crypto and fiat payments in one place. Embedded wallets are not a novelty.

Stablecoins 59

Stablecoins Payment APIs and Integration FedWire Multi-Currency 59

Fintech Finance

DECEMBER 10, 2024

Worldline [Euronext: WLN], a global leader in payments services, today announces a partnership with Telr , the multi-award winning, Dubai-based payment gateway aggregator and provider to launch an e-commerce payments solution for the rapidly expanding UAE.

Payment APIs and Integration 95

Payment APIs and Integration Payment Gateways Multi-Currency Cross-Border 95

Fintech News

FEBRUARY 5, 2024

Airwallex, a global payments and financial platform, has formed a multi-year collaboration with the McLaren Formula 1 team. The collaboration will see McLaren utilising Airwallex’s services to improve its supply chain payments across the Formula 1 Grands Prix circuit.

Global Payments 107

Global Payments Multi-Currency Cross-Border Treasury Management 107

Payments Source

SEPTEMBER 23, 2019

Two months after a successful test to connect banks using the Global Payments Innovation service to faster payments rails in Singapore, Swift is launching a new service to connect with other domestic real-time payments systems.

Faster Payments 79

Faster Payments SWIFT Real Time Payments Payments 79

PYMNTS

OCTOBER 15, 2020

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. That’s strong growth for something that is a mature payment product,” said Larimer. Moving Beyond ACH .

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Payments Source

JULY 17, 2019

Swift is building out its Global Payments Innovation (GPI) service to allow corporations to initiate and track payments across all of their banking partners from a single source.

SWIFT 73

SWIFT Payments Global Payments Innovation 73

PYMNTS

MARCH 16, 2020

Cross-border payments via Swift’s ISO 20022 migration, originally set to roll out by November 2021, have now been set back a year and are expected to come by the end of 2022 instead, according to reports. ISO 20022 is set to make changes to the payment landscape as a whole, according to the company.

ISO 20022 78

ISO 20022 ISOs SWIFT Cross-Border Payments 78

Fintech Finance

OCTOBER 21, 2024

Over the past year Wise Platform , Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.

Cross-Border 98

Cross-Border Global Payments Cross-Border Payments Multi-Currency 98

Fintech Finance

MARCH 18, 2025

ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, and Ingo Payments , a leading provider of embedded banking and money mobility solutions, today announced a partnership to provide a flexible, fast and secure digital disbursements solution: ACI Speedpay Digital Disbursements.

Payments 52

Payments Venmo Embedded Payments Reconciliation 52

The Paypers

OCTOBER 17, 2024

Swift has announced its plans to introduce a new AI-enabled fraud detection to support the global payments sector in mitigating fraudulent activities.

SWIFT 73

SWIFT AI Fraud Detection Mitigation 73

Payments Source

MARCH 12, 2019

Ideally, Swift would like to see its worldwide bank network fully adopt its Global Payments Innovation initiative as well as the ISO 20022 messaging standard for cross-border payments.

ISO 20022 79

ISO 20022 SWIFT Cross-Border Payments Cross-Border 79

Payments Source

MAY 21, 2019

Seven European banks are testing Swift's Global Payments Innovation real-time cross-border payments through the continent's Target Instant Payment Settlement process.

SWIFT 76

SWIFT Settlement Cross-Border Payments Cross-Border 76

PYMNTS

MARCH 14, 2019

For corporate treasurers, Manish Kohli, global head of payments and receivables at Citi , told PYMNTS’ Karen Webster, three concerns tend to top the list: geopolitical uncertainty, cyber threats and disruption resulting from the emergence of new business models in an interconnected global market.

Global Payments 77

Global Payments Cross-Border Payments Cross-Border ISO 20022 77

PYMNTS

JANUARY 31, 2019

Financial messaging service SWIFT said this past week that it has fashioned a partnership with R3 , a blockchain startup. The partnership will integrate the R3 platform into the SWIFT global payments innovation (gpi) offering. I think that today, that is not what SWIFT is.”.

SWIFT 77

SWIFT Blockchain Federal Reserve Cross-Border Payments 77

Payments Source

JUNE 28, 2019

Naval Group, an international technology company specializing in naval defense systems, is among the first to complete a cross-border payment through Swift's global payments innovation early adopter program.

Cross-Border Payments 68

Cross-Border Payments Cross-Border SWIFT Payments 68

PYMNTS

MARCH 21, 2019

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. SWIFT gpi enables banks to conduct end-to-end tracking of the cross-border payment.

Cross-Border Payments 66

Cross-Border Payments Cross-Border SWIFT Payments 66

PYMNTS

AUGUST 12, 2020

AscendantFX Capital , which works in technology-based payment innovations, has joined the SWIFT Network for the benefits it offers, including better transparency and faster payments, the company announced in a Wednesday (Aug. SWIFT gpi’s technology is revolutionary for the payments industry and gives power back to the customer.”

Cross-Border 77

Cross-Border SWIFT Cross-Border Payments Payee 77

PYMNTS

JULY 17, 2019

More than 50 of the world’s largest companies have already started using a new service that enhances payment flows, allowing a single view of transactions across multi-banked corporates. SWIFT gpi for corporates solves this by creating a centralized view of multi-bank information, enabling us to track our payments all in one place.”.

SWIFT 75

SWIFT Cross-Border Payments Treasury Cross-Border 75

Fintech News

OCTOBER 21, 2024

Global payments company Thunes has launched a new service that enables banks to send payments directly to mobile wallets worldwide. This eliminates the need for separate technical integration and allows for faster, more transparent cross-border payments.

Cross-Border Payments 114

Cross-Border Payments Cross-Border SWIFT Financial Inclusion 114

Payments Source

APRIL 9, 2019

National Australia Bank is utilizing the end-to-end transaction tracking system through Swift's Global Payments Innovation system, making it the first bank in Australia to allow business customers to track international payments through one click on an account platform.

SWIFT 65

SWIFT International Payments Payments Global Payments 65

PYMNTS

SEPTEMBER 19, 2016

16) said several central banks have confirmed the formation of a task force to explore cybersecurity of cross-border payments and banking to protect interbank transactions. Last month, Bangladesh Bank told reporters that — contrary to earlier reports — it would not file legal charges against SWIFT and the New York Fed.

Cybersecurity 78

Cybersecurity Global Payments Central Bank Cross-Border Payments 78

Payments Source

DECEMBER 5, 2018

Fifteen major banks will test Swift's pre-validation service for Global Payments Innovation transactions, focusing on quickly identifying and eliminating errors or omissions in payment messages.

SWIFT 61

SWIFT Payment Message Payments Global Payments 61

Fintech Finance

OCTOBER 17, 2024

(NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. These regulations are expected to accelerate the adoption of instant payments across Europe, with key compliance deadlines set for 2025.

Instant Payments 98

Instant Payments Regulations SWIFT Payments 98