Swift

919 results about this entity

Period: 22 Jul 2008 - 01 Oct 2025

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Swift hits back at job loss claims

Swift hits back at job loss claims

Financial messaging outfit Swift has dismissed reports that 300 jobs are on the line at its headquarters in La Hulpe, Belgium, as it acts to cut costs amid a decline in traffic volumes over the inter-bank network.

European Parliament wrests control of negotiations on US access to Swift data

European Parliament wrests control of negotiations on US access to Swift data

Members of the European Parliament have claimed victory in their power struggle with the EC over negotiations on giving US authorities transaction information sent over the interbank Swift network.

Open ID pitch wins Swift's innovation competition

Open ID pitch wins Swift's innovation competition

A business model pitch called e-ME won the competition part of the Innotribe side conference run for the first time at Swift's annual conference. The concept was workshopped as part of an assignment to develop ideas in cloud computing that delegates took part in over the course of the four-day event.

IPF to go live with US/Europe payments in 2010

IPF to go live with US/Europe payments in 2010

The International Payments Framework (IPF), an industry group aiming to simplify cross-border payments, is set to go live with the first stage of its payments plan in January 2010.

Transaction bankers embrace co-operation

Transaction bankers embrace co-operation

The future of transaction banking lies in greater collaboration between banks and a greater adoption of outsourcing. This was the main point delivered at a keynote debate at this Sibos, the annual user conference of banking co-operative Swift.

Swift Standards Kit aims to ease back office integration woes

Swift Standards Kit aims to ease back office integration woes

Financial messaging outfit Swift is looking to ease the burden of standards development and maintenance for banks and vendors with the release of a set of processable documentation components for automating the labour-intensive task of cross-referencing and maintaining multiple messaging standards.

World Bank calls for financial services expansion in emerging markets

World Bank calls for financial services expansion in emerging markets

The cost of financial transactions in the developing world could be reduced by as much as 80% through a reform of inefficient payment and securities systems, according to the World Bank.

Staff cuts "inevitable" as Swift contends with declining volumes

Staff cuts "inevitable" as Swift contends with declining volumes

Lazaro Campos, Swift chief executive, says that headcount reductions at the banking co-operative will be inevitable as the company contends with declining traffic volumes and bids to improve efficiency levels by 30% and cut 20% from its worldwide operational costs over the next year.

Risk and regulation driving IT spending priorities at transaction banks

Risk and regulation driving IT spending priorities at transaction banks

Risk and regulatory pressures are driving global transaction banks to invest more heavily in technology and IT outsourcing, according to a joint survey by banking co-operative Swift and IBM

Four in five firms not prepared for Swift MT202 COV - Dow Jones survey

Four in five firms not prepared for Swift MT202 COV - Dow Jones survey

Just 22% of industry executives say they are prepared for the additional workload that will come their way when the new Swift MT202 COV message standard comes into effect in November, according to a survey from Dow Jones Risk & Compliance.

Commerzbank selects SunGard Ambit messaging hub

Commerzbank selects SunGard Ambit messaging hub

Germany's Commerzbank has selected SunGard's Ambit Messaging Hub to process all of its SwiftNet FileAct and InterAct traffic.

Corporates seek big improvements in bank account management services

Corporates seek big improvements in bank account management services

For the majority of corporates, it takes more than one week to open a new bank account, according to a survey Finextra Research conducted over the summer. For this and other reasons, 44% of corporates say they would switch banks to get better service, standardisation and automation through electronic bank account management (eBAM) processes.

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