Sibos

1751 articles tagged with this keyword

/payments

Finastra releases message transformation service for MT to ISO 20022 switch

Finastra has launched a message format translation service for banks switching from Swift MT messages to the new ISO 20022 MX standard.

/payments

Circle lines up banking partners for stablecoin-based Swift competitor

Stablecoin platform Circle is working with Standard Chartered, Deutsche Bank, Société Générale and Santander to build a cross-border payment network to rival Swift.

/payments

Swift rolls out investigation tool to track late payments

Swift has launched a case management service for investigating payment defaults that it claims could save its member banks millions of dollars in operational costs and significantly reduce the time it takes to identify and resolve issues when international payments are delayed.

/payments

DNB signs up for Worldline's Swift Service Bureau

Worldline [Euronext: WLN], a global leader in payment services, partners with DNB Bank ASA, the largest financial services group in Norway.

/payments

Eastnets takes Swift service bureau to Saudi Arabia

Eastnets, a global leader in compliance, payments, and cloud solutions, has launched a SWIFT Service Bureau in the Kingdom of Saudi Arabia (KSA).

/cloud

Eastnets deploys managed Swift service on AWS cloud

Eastnets, a global leader in compliance and payments solutions, has launched its Managed SWIFT Service on AWS Cloud.

/security

EPC selects Swift for the EPC Directory Service

The European Payments Council (EPC) is pleased to announce the start of the delivery project for the EPC Directory Service (EDS), after selecting Swift as supplier for the development and operations of the EDS and after signing an agreement at the end of 2024.

/people

ING appoints Debbie Janeczek from Swift as chief information officer

ING announced today that it has appointed Debbie Janeczek as chief information security officer (CISO), effective 13 January 2025.

/security

Google Cloud joins with Swift in fight against fraud

Bank-to-bank Payment network Swift is working with Google Cloud to develop multi-jurisdictional anti-fraud technologies that use advanced AI and federated learning

/Sibos

The State of Open Banking Across the World

Jess Turner, EVP, Global Head of Open Banking and API, Mastercard, speaks to FinextraTV on the week of Sibos, where she dove into the role AI plays in financial services, including open banking. Market maturity for open banking varies in different regions, but it is becoming increasingly evident that interconnectivity can support with global scale and allow users to leverage their own data for their own benefit. AI, used responsibly, plays a key role in advancing and securing the open banking ecosystem by enriching and anonymizing consumer-permissioned data so that consumers and small businesses can share with confidence.

/payments

BNP Paribas, Vanderlande and Surecomp comple Swift - ICC API pilot for trade finance guarantees

Surecomp today announced that, together with BNP Paribas and Vanderlande, it has successfully piloted a new corporate-to-bank connectivity standard designed by Swift and the International Chamber of Commerce (ICC).

/Sibos

Dominique Dierks Senior Content Manager at Finextra

AI, CBDC, and stablecoins: Trending tech in the payments sector

/Sibos

Sibos: Financial institutions are “nowhere near” 2027 G20 targets

Alan Marquard, executive vice president, applications at Mastercard commented on their current progress towards 2027 goals as reported by FSB in their second annual assessment in a session on G20 targets at Sibos in Beijing: “we're four years in the journey to 2027, and we're nowhere near there. I find that completely unsurprising. The metrics were set up as quantitative metrics, but set at a global level without clarity on who was responsible for achieving them.”

/Sibos

Hamish Monk Senior Reporter at Finextra

Tools for banks’ continued digitalisation journeys

/Sibos

Latest Developments in Real Time Payments: Innovation and Interoperability

In an interview with FinextraTV in the lead-up to Sibos 2024 in Beijing, China, Peter Reynolds, Executive Vice President Real Time Payments, Mastercard, highlights how 2024 has welcomed a new era with 100 countries now with live real time payments systems, covering 87% of the world’s GDP. Exploring the substantial growth across account-to-account payments and the conversion of cash to digital payments, the interview examines how the financial ecosystem is opening with digital wallet payments, QR Code acceptance and the promise of interoperability.

/Sibos

Tokenisation use cases to be excited about

At Sibos 2024, Angie Walker, Global Head of Banking and Capital Markets, Chainlink Labs, explored the topics of blockchain and tokenisation and how they are transforming the existing world as well as how the technology creates opportunities for the future. While historically, across money market and fixed income funds, high quality liquid assets have not been able to be moved, with tokenisation, these funds can be migrated seamlessly and instantaneously on the ledger. By liberating assets to be used for other functions in trading operations, the world is a trader’s oyster and future developments in ESG instruments, structured finance, and infrastructure also opens up a way to create commercial assets and verify sequestration with smart contracts and data oracles, ensuring the integrity of the asset, cross chain interoperability and keep the asset in sync throughout it’s life journey.

/wholesale

BNY and Secretarium win Sibos hackathon

We’re delighted to reveal this year’s Hackathon winners: BNY in Challenge One and Secretarium in Challenge Two, who both came up with cutting-edge solutions capable of redefining the future of post-trade transactions.

/crime

Sibos: Interpol’s I-GRIP tool requested by increasing number of countries

Australia, Canada, Japan, Korea and Spain were among those mentioned as requesting to use Interpol’s Global Rapid Intervention of Payments (I-GRIP) system by Sungyong Kang, criminal intelligence officer, Interpol, during a panel at Sibos.

/ai

Sibos: GenAI will be more impactful than ecommerce and the internet, says panel

“There have been many fundamental shifts in the IT space, such as the internet and the ecommerce revolution. This is the biggest one,” warned Dorian Selz, CEO and co-founder of Squirro, at Sibos today. “Leadership in companies needs to be on top of this revolution.”

/Sibos

How Can AI and Collaboration Combat Rising Financial Crime?

In a conversation ahead of Sibos 2024, Laura Quevedo, Executive Vice President of Financial Crime and Resiliency at Mastercard, highlights the growing threat of financial scams in the digital age, with cybercriminals increasingly using AI to exploit consumers. Companies are stepping up their investments in cybersecurity and AI technology to stay ahead of evolving threats, as AI-powered tools like real-time fraud detection solutions become critical in preventing financial crime. Quevedo emphasises a three-pronged strategy: leveraging AI for fraud prevention, collaborating across industries to share insights, and educating consumers on emerging scams.