Two years after the infamous Bangladesh Bank hack, an Indian bank says that cybercrooks compromised the bank's connection to the Swift messaging system to make three fraudulent transfers worth nearly $2 million.
The Global Legal Entity Identifier Foundation (GLEIF) has published the first monthly relationship file that matches a Business Identifier Code (BIC) assigned to an organization against its Legal Entity Identifier (LEI).
SWIFT’s latest RMB Tracker reveals a mixed year for the Chinese currency’s growth in 2017 and identifies some of the critical factors for success in 2018.
SWIFT’s FIN traffic rose to an all-time high of 7.1 billion messages in 2017, fuelled by double-digit growth in global payments.
Following the introduction of SWIFT’s Customer Security Controls Framework in April 2017, we are pleased to report that 89% of all SWIFT customers attested their level of compliance with the mandatory security controls by the 31 December 2017 deadline.
Banking cooperative Swift has signed an MoU with seven central securities depositaries (CSDs) to explore how distributed ledger technology (DLT) can be used to improve post-trade processes such as corporate actions, proxy voting and trade processing.
The academic research arm of interbank payments network Swift is calling on Australian-based students to devise new ways and means of protecting personal information in an open banking environment.
SWIFT announces today that JSC. Bank for Investment and Development of Vietnam (BIDV) signed up for its global payments innovation initiative, SWIFT gpi, confirming its digital banking strategy.
Standard Chartered today went live with its US Dollar (USD) SWIFT global payments innovation (gpi) services to extend its offering to customers making USD cross-border payments.
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that it is the first provider globally to receive SWIFT gpi certification for the Universal Payments (UP) Real-Time Payments solution—the industry’s only solution that allows financial institutions (FIs) to address their Real Time Gross Settlement (RTGS), SWIFT messaging and real-time payments needs with a single, universal offering.
© Finextra Research 2018