Swift - News, Articles & Research

Banks should be cautious with use of AI in cybersecurity

Cybersecurity technology is rapidly evolving and adapting to changing threats thanks to machine learning. However, AI is just one part of handling cyber threats, and financial institutions should be cautious about placing full reliance on it.

06 April 2020

News/payments

Swift delays ISO 20022 cross-border payments migration

Swift is to delay the original ISO 20022 migration date for cross border payments by 12 months, from November 2021 to the end of 2022, as banks struggle with decommissioning and preparing existing infrastructure for the transition.

16 March 2020

Company announcement/payments

Volante Technologies delivers immediate support for Swift Standards Release 2020 MT messages

Volante Technologies, a global provider of payments and financial messaging solutions to accelerate digital transformation, today announced immediate support for SWIFT Standards Release 2020 MT messages.

16 March 2020

Finextra TV/payments

Managing systemic change across European payments

Tom Callaert, Senior Payments Expert - Securities Initiatives & Payment MIs, SWIFT speaks to FinextraTV about the main effects on the European payments industry of the Eurosystem and EURO1 market infrastructure migrations to ISO 20022, the impact of having different market infrastructures migrate at different times and the lessons learnt so far from the Target2 consolidation project.

11 March 2020

News/payments

Swift gpi transferred $77 trillion in 2019

Almost doubling the $40 trillion transferred in 2018, Swift’s transmission of $77 trillion in cross-border payments messages over the gpi platform during 2019 implies that demand for the programme is becoming entrenched in the bank-to-bank space.

18 February 2020

News/security

Cybercriminals could use increased reliance on AI to their advantage

Cybersecurity experts have urged caution with over-reliance on AI in cyber defence in a new Finextra Research paper exploring predictions for cybersecurity in the year ahead.

29 January 2020

News

Standard Chartered switches on cross-border payments tracker

Standard Chartered has opened a public portal through which clients can track the status of payments messages as they are transmitted over the Swift network.

08 January 2020

News/regulation

Swift KYC Registry now open to corporates

Swift’s global Know Your Customer (KYC) registry goes live today, allowing corporate groups to manage and share KYC data with global partners.

16 December 2019

News

Swift Operations Forum Europe 2019, Amsterdam - Day 2 report

With the accelerating pace of transformation in financial services, day two of SOFE 2019 explored the direction of travel financial institutions should embark on in order to thrive in this new world.

29 November 2019

Company announcement

Wethaq launches first Sukuk on its market infrastructure using SWIFT gpi Link

Today, Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial Services Authority.

22 November 2019

Company announcement/payments

Swift and EBA Clearing start development phase of EURO1 migration to ISO 20022

SWIFT today announces initiation of the development phase with EBA CLEARING to migrate the large-value payment system EURO1 to the ISO 20022 standard, marking the next step in a transformation journey they began together last year.

06 November 2019

News

Ripple accused of making false claims about Swift error rates

Ripple has been taken to task for erroneously claiming that six percent of all financial transactions sent over the Swift network fail and require human intervention.

05 November 2019