Fintech News

JUNE 2, 2024

Swift, the global financial messaging cooperative, has announced two AI-driven experiments in collaboration with member banks to combat cross-border payments fraud which could potentially save the industry billions in fraud-related costs. That’s an incredibly exciting prospect, but one that will require strong collaboration.

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Cross-Border Payments Cross-Border SWIFT AI 99

Finextra

MARCH 25, 2024

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.

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SWIFT CBDC Central Bank Digital Currency 132

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. We estimate that we are reaching 600m unbanked consumers.”

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Finextra

MAY 30, 2024

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

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SWIFT Cross-Border Payments AI Cross-Border 119

Fintech News

MAY 21, 2024

Swift has announced a major upgrade aimed at improving the cross-border payment experience for corporate customers. By standardising payments end-to-end with ISO 20022, Swift enables financial institutions to capture detailed data from the outset. Swift’s efforts align with the G20’s objectives for cross-border payments.

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ISO 20022 Cross-Border Payments Cross-Border ISOs 79

Bank Automation

JUNE 14, 2024

International payments network Swift is deploying technology to make its payments faster, safer and more efficient.

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SWIFT Near Real-Time AI Payments 68

Fintech News

DECEMBER 11, 2023

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. They will be granted access to the Swift Challenge sandbox environment.

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Cross-Border SWIFT AI Innovation 104

Fintech News

MARCH 19, 2024

Swift has been selected by Australian Payments Plus (AP+) to develop a new service aimed at enhancing the safety and security of money transfers in Australia. This is achieved by matching the name provided by the sender with the name linked to the recipient’s account, leveraging Swift’s experience with the New Payments Platform (NPP).

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SWIFT Payee Cross-Border Payments Scams 83

Finextra

MARCH 19, 2024

Fiancial messaging co-operative swift has been enlisted by Aastralian Payments Plus (AP+) to build a confirmation of payee service to reduce the risk of misdirected payments and increase defences against payment fraud.

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Payee SWIFT Risk Payments 111

Fintech Finance

MAY 17, 2024

PayDo , a leading Electronic Money Institution, proudly announces the expansion of its SWIFT service capabilities to include 11 new currencies. ” The post PayDo Expands Currency Range for SWIFT Transactions appeared first on Fintech Finance. Such an expansion meets the growing need for better global transaction capabilities.

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SWIFT Transactions Financial Inclusion Global Payments 52

The Fintech Times

JUNE 1, 2024

Swift , the global financial messaging service, is set to launch two pilots of its own which will test the practical application of AI to enhance fraud detection in payments. ” The post How are Financial Firms Like Visa, Swift, Pay.UK That’s an incredibly exciting prospect, but one that will require strong collaboration.

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SWIFT AI Fraud Detection Fraud Prevention 124

Finextra

JUNE 13, 2024

Laura Bayley, Head Clearing Services, SIX, has been appointed today as new SWIFT Board Member, the world’s leading provider of secure financial messaging services.

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SWIFT Security 59

Finextra

NOVEMBER 30, 2023

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.

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SWIFT Cross-Border Instant Payments Process 118

Finextra

JUNE 13, 2024

BVNK, the stablecoin payments provider, announced today that it has enabled Swift payments on its platform, so businesses can move easily between US dollars, Euros and stablecoins like USDT, USDC and PYUSD.

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SWIFT Stablecoins Payments 59

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.

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Cross-Border Payments Cross-Border SWIFT AI 64

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.

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Cross-Border Payments Cross-Border SWIFT Fed 101

Finextra

APRIL 24, 2024

Veritran today announces a collaboration with Swift, the world’s leading provider of financial messaging services, that will enable financial institutions to offer an enhanced and streamlined cross-border payments experience to their customers.

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SWIFT Cross-Border Payments Cross-Border Payments 52

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 post Former Swift Execs’ Fintech iPiD Raises US$5.3M in Pre-Series A appeared first on Fintech Singapore.

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SWIFT Payee FinTech Verification 84

PYMNTS

OCTOBER 7, 2020

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. Oracle’s solutions have been SWIFT-compatible for more than a decade. The subsidiary of Oracle Corp.

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Cross-Border Payments Cross-Border SWIFT ISO 20022 145

Fintech Finance

MARCH 19, 2024

Swift today announced it has been selected to build a service that will reduce the risk of misdirected payments and increase defences against payment fraud, providing Australians with more confidence when sending money. The post Swift to Develop Confirmation of Payee Service for Australian Payments Plus appeared first on Fintech Finance.

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Payee SWIFT Payment APIs and Integration Cross-Border Payments 59

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). In this case SWIFT it may not be necessary, because it will be a different kind of technological interaction,” Skorobogatova said during a virtual meeting, per RT.com.

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Central Bank SWIFT Digital Currency CBDC 142

The Fintech Times

AUGUST 8, 2024

” Implementing Confirmation of Payee in Australia In March 2024, Swift , the global payment messaging network, revealed that it had been selected by Australian Payments Plus to build confirmation of payee, to provide Australians with more confidence when sending money.

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Payee SWIFT Scams Payment APIs and Integration 59

Payments Source

SEPTEMBER 17, 2020

After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.

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Faster Payments SWIFT Transactions Payments 171

Currencycloud

MAY 22, 2024

Swift (Society for Worldwide Interbank Financial Telecommunications) is the global messaging system used by the correspondent banking network and financial institutions to manage cross-border transactions. Swift is an all-in-one provider, offering secure payments in global currencies that can be received by everyone, everywhere.

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PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. SWIFT said its platform will improve interactions between financial institutions, optimize speed and provide transparency and predictability from one account to another anywhere.

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The Paypers

JULY 23, 2024

TerraPay has announced that financial institutions can transfer funds directly to mobile wallets internationally using their current Swift connections.

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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.

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

Finextra

JUNE 3, 2024

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

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Cross-Border Payments Cross-Border SWIFT AI 69

Finextra

APRIL 18, 2024

UniCredit is now the first and only bank across its core markets to offer Swift GPI on international payments across each of its client segments - from retail clients up to SMEs and multinational corporates - following its recent roll-out of the free service in Austria, Italy and Germany.

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SWIFT International Payments Payments 52

Bank Automation

JUNE 6, 2024

AMSTERDAM — Deutsche Bank is one of multiple financial institutions sharing anonymized data with financial messaging service provider Swift.

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Payments Source

OCTOBER 1, 2020

Swift is working with more than 20 banks in its network to test a service designed to help consumers and small and medium-size companies send low-value cross-border payments with the same speed and transparency benefits larger banks enjoy on Swift rails.

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SWIFT Small Business Faster Payments Cross-Border Payments 113

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. The post Veritran and Swift Connect to Enhance User Experience and Increase Transparency in Cross-Border Payments appeared first on Fintech Finance.

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

The Paypers

APRIL 25, 2024

Veritran has announced its partnership with Swift in order to optimise the user experience and increase the overall transparency in cross-border payments.

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SWIFT Cross-Border Payments Cross-Border Payments 41

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.” SWIFT said its platform is faster and more transparent and predictable.

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SWIFT Cross-Border Cross-Border Payments Faster Payments 102

Finextra

JULY 23, 2024

billion mobile wallets around the world using their existing Swift connectivity, enhancing the cross-border payments experience for businesses and consumers. TerraPay, a global money movement company, today announces that financial institutions can send money directly to more than 2.1

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SWIFT Cross-Border Payments Cross-Border Accounts 52

The Paypers

FEBRUARY 22, 2024

Numeral has announced that it now supports Swift payments, allowing companies and financial institutions to automate cross-border payments with partner banks.

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SWIFT Cross-Border Payments Cross-Border Payments 45

The Paypers

JUNE 24, 2024

Swift has released research findings indicating positive sentiment among SMEs in the European Union towards the EU’s Instant Payments Regulation.

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