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

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. Among its criticisms was a lack of speed.

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SWIFT Global Payments Innovation Cross-Border 75

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

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.

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SWIFT Cross-Border Cross-Border Payments Faster Payments 102

Fintech News

JUNE 4, 2024

Founded in 2021 by former Swift executives, iPiD offers advanced payee verification and identification solutions aimed at enhancing global payment security. The new funds will be used to develop products that prevent payment-related fraud and to expand in strategic markets, especially in Asia.

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SWIFT Payee FinTech Verification 111

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

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.

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SWIFT B2B Payment Initiation Global Payments 102

Fintech Finance

NOVEMBER 19, 2024

Payhawk , the global spend management solution, today announced it has selected J.P. Morgan Payments , a global payments leader, to enhance its global payment services for enterprise customers in the UK. Payhawk will continue to work with J.P.

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Innovation Payments Payment Networks Non-Bank 98

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

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 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

Fintech Finance

JANUARY 28, 2025

Akurateco , a global payment software provider with a strong presence in the MENA region, has joined forces with Dinero Pay , a rising Payment Service Provider (PSP) in Saudi Arabia, to drive innovation in the rapidly evolving mobile payments sector. through 2033.

Mobile Payments 95

Mobile Payments Payment Service Provider (PSP) Payments Gateways 95

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

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

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

Fintech Finance

OCTOBER 22, 2024

Key features of Keabank’s Payment Intelligence Service include: Comprehensive Currency Support: Access to SWIFT, SEPA, and crypto channels, along with FX capabilities and tailored IBAN solutions. With these licensing efforts, Keabank is poised to provide localized financial services while building resilient global payment networks.

Global Payments 98

Global Payments Multi-Currency IBAN Payments 98

Fintech Finance

DECEMBER 10, 2024

The partnership will combine Worldline’s global payments expertise with Telr’s local market knowledge and strong relationships, empowering e-commerce businesses to capitalise on this strategically important market. Each market requires a specialized approach that caters to local consumer preferences.

Payment APIs and Integration 95

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

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

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

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

Fintech Finance

JANUARY 16, 2025

Guavapay provides integrated financial solutions including cross-border and mass payment solutions, enabling customers to send money via SWIFT, SEPA, BACS, CHAPS and Faster Payments. Guavapay has formed strategic partnerships with major players to expand global payment options and strengthen its financial infrastructure.

Innovation 98

Innovation Technology Multi-Currency Payment APIs and Integration 98

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 Cross-Border Payments Federal Reserve 77

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.

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ISO 20022 ISOs SWIFT Cross-Border Payments 78

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

PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. Moving Beyond ACH .

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

PYMNTS

SEPTEMBER 9, 2019

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release. He has also been a member of TCH’s Company Board since 2017.

SWIFT 71

SWIFT Cross-Border Payments Cross-Border API 71

Fintech Finance

OCTOBER 28, 2024

The launch of Verify, alongside Nium’s recently announced capability that allows financial institutions leverage Swift capabilities and existing infrastructure to connect to Nium’s network, deepens the company’s comprehensive global payments offering.

Verification 98

Verification Global Payments Accounts Cross-Border 98

The Paypers

SEPTEMBER 19, 2023

Revolut has launched RevTags, a global payments solution addressed to businesses with the goal of disrupting SWIFT.

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SWIFT Addressing Global Payments Payment Solutions 67

Payments Source

AUGUST 30, 2018

About half of Swift Global Payments Innovation transactions are credited within 30 minutes, many within seconds.

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SWIFT Cross-Border FinTech Global Payments 68

Payments Source

DECEMBER 27, 2018

The financial services and payments industries are aggressively trying to replace older systems with sleeker technology, but Swift has a separate goal in mind with the Global Payments Innovation system, or GPI.

SWIFT 67

SWIFT Global Payments Innovation Technology 67

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

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 14, 2019

One of the areas of corporate finance experiencing the biggest exposure to these disruptors is global payments. With that preamble, I think it’s right to say cross-border payments have significantly changed over the last few years.” ” Yet there is progress to be made.

Global Payments 77

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

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