Iran's banks are to be allowed to reconnect to the Swift financial messaging network as part of a deal that sees the country limit its nuclear activity in exchange for an end to economic sanctions.
London's burgeoning reputation as the tech and financial capital of Europe is to be rewarded in 2019 when it will play host to the annual Swift international banking conference, Sibos, for the first time in the event's 37-year history.
Financial messaging network Swift is working with a host of market infrastructure providers and banks to develop a framework for harmonisation of the ISO20022 standard, amid concerns that a proliferation of different flavours of the protocol will lead to fragmentation.
Europe's banks are engaged in a do-or-die effort to prepare for the 2016 introduction of new payments regulations that are expected to usher in a wave of fresh competition and innovation across the sector, according to research conducted by Finextra
Swift says that it "regrets" the political pressure it has come under in recent months to cut off institutions and whole countries from its network, stressing that it does not have the authority to decide on sanctions.
Citi is working with non-profit organisation Catalyst Miami on a tech-based financial inclusion programme that it believes could be replicated across the country.