Swift

919 results about this entity

Period: 22 Jul 2008 - 01 Oct 2025

EC rule changes to give boost to e-invoicing

The European Commission has agreed to proposals for a new set of rules designed to eliminate the current barriers to e-invoicing in the VAT Directive by treating paper and electronic invoices equally.

Lloyds TSB pays $350 million to settle cover payments charges

Lloyds TSB has been slapped with a $350 million penalty by the US Justice department over its "criminal conduct" in deliberately falsifying wire transfers destined for countries or individuals on US sanctions lists.

Caja Madrid overhauls financial messaging with Sun Microsystems

Spanish savings bank Caja Madrid is overhauling its financial messaging strategy with Sun Microsystems' suite for Swift.

Swift set for greater involvement in e-invoicing

Financial messaging network Swift is consulting with its membership about the potential provision of an interbank e-invoicing exchange network and the creation of a banking industry wide standard.

JPMorgan runs successful Alliance Lite pilot at Swift treasury

JPMorgan has successfully completed a pilot implementation of Swift's Alliance Lite interface with the Belgium-based treasury business of the interbank co-operative.

Fundtech acquires UK Swift services outfit Synergy

BBP, the Swiss subsidiary of fintech vendor Fundtech, has acquired Synergy Financial Systems, a UK Swift service bureau, in a deal worth up to £3.6 million.

Funds industry standards could be years away, says Clearstream

Interoperable standards between banks, fund managers and their intermediaries could take decades to emerge, according to European clearing and settlement body Clearstream.

Microsoft treasury pushes on with ISO20022 project as banks slow progress

The migration of Microsoft's treasury onto the XML-based ISO20022 messaging standard is likely to be a multi-year, ongoing initiative, according to a treasury manager at the software giant.

Chi-X defends risk model for its CCP

Technology rather than headcount is the basis for managing risk in the clearing and settlement of equity trades, according to an executive with alternative trading platform Chi-X

Swift to develop insurance industry platform

Interbank co-operative Swift has signed an agreement with major insurance industry players to develop a central platform for dematerialisation of paper transactions and electronic transmission between insurers, brokers and reinsurers.

JPMorgan to invest $1bn in treasury services

US bank JPMorgan has bucked the belt-tightening trend by using the Sibos conference to announce a $1bn investment in its treasury services business.

ING selects Microsoft for settlement connectivity via Swift

Microsoft has been contracted by Holland's ING Investment Management to provide its BizTalk Server as the financial messaging platform for Swift connectivity to its settlement partner Bank of New York Mellon.