Latest Sibos News: Finextra Research

Company update/Sibos

Volante announces support for Swift 2018 standards

Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments and financial messages, today announced support for the latest SWIFT Standards Release 2018.

26 February 2018

News/Sibos

Indian bank hack bears hallmarks of Bangladesh Bank heist

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.

20 February 2018

Company update/Sibos

BIS: Choice and diversity are the key to quicker, cheaper cross-border retail payments

There is room to improve the infrastructure for payments made by individuals and businesses that cross borders, according to a new report by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services.

16 February 2018

Company update/Sibos

Gleif and Swift debut open source BIC-to-LEI mapping

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).

08 February 2018

Company update/Sibos

Swift report reveals RMB’s struggle to strengthen position in 2017

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.

01 February 2018

Company update/Sibos

Growth in payments drives Swift annual traffic to exceed 7 billion message mark

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.

29 January 2018

Company update/Sibos

89% of Swift member banks meet security deadline

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.

26 January 2018

Finextra TV/Sibos

Blockchain key catalyst for innovation

Luca Corsini, Global Co-Head, Global Transaction Banking, UniCredit, talks about the innovations and trends around transaction banking, what impact new technologies such as blockchain have in this space, what role fintechs owe to the development of solutions and how technological change is influencing supply-chain finance.

10 January 2018

News/Sibos

Swift Institute challenges University teams to tackle data privacy under Open API

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.

08 January 2018

Company update/Sibos

JSC. Bank for Investment and Development of Vietnam joins Swift gpi

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.

02 January 2018

Company update/Sibos

Standard Chartered goes live for US Dollar Swift gpi services

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.

18 December 2017

Company update/Sibos

High value cash netting utility under scrutiny by eight global banks

A new payments netting initiative for high value payments is being assessed by eight leading global banks. Cash Netting Services (CNS) will help banks to reduce daily interbank payment flows significantly - and associated liquidity and capital management obligations.

14 December 2017

Company update/Sibos

ACI Worldwide certified for Swift gpi

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.

13 December 2017

Finextra TV/Sibos

The long life of AI

Kyle Thomas, Head of Worldwide Sales, Saffron Technology, Intel, talks at Sibos 2017 about why financial institutions should invest in artificial intelligence to stay in business, how it has transformed the industry, and whether it will become mainstream in banks in order to meet regulatory requirements.

05 December 2017

News/Sibos

Swift Operations Forum Europe 2017, Amsterdam - Day 3 report

The final day of SOFE 2017 was dominated by the topic of cyber security. The closing plenary covered three key elements to this challenge: the evolution of the threat landscape, new technology and the evolution of Swift's Customer Security Programme (CSP), and the regulatory perspective.

04 December 2017

News/Sibos

Swift Operations Forum Europe 2017, Amsterdam - Day 2 report

The innovation agenda has been top of mind for bankers attending Swift's operations forum in Amsterdam, with delegates sharing their experience of agile development practices, distributed ledger technology and IoT and AI deployment.

01 December 2017

News/Sibos

Swift Operations Forum Europe 2017, Amsterdam - Day 1 report

The future of money, how we use data and the dizzying advances in digital technologies dominated the opening discussions at the annual Swift Operations Forum Europe (SOFE) convention in Amsterdam.

30 November 2017

News/Sibos

Swift warns of growing cyber-crook sophistication

Cyber-crooks have significantly upped their game in the last 18 months, developing sophisticated new tools and techniques to hack into bank systems, warns a new report from Swift.

29 November 2017

Finextra TV/Sibos

Cloud for banks

Jonathan Charley, General Manager, FSI EMEA North, SAP, talks at Sibos 2017 about whether the banking industry has been slow to understand the benefit of migrating processing to the cloud, what the barriers and benefits of moving to cloud based solutions are and how this area of the industry will evolve in the future.

27 November 2017

Finextra TV/Sibos

Building platforms through partnerships

Rob Hetherington, Global General Manager for Financial Services Industries, SAP and Steve Everett, Managing Director, Head of Product & Propositions, Global Transaction Banking, Lloyds Banking Group, talk at Sibos 2017 about the drivers behind the influx of digital transformation within the industry, which of the technologies are having the most impact and why partnerships are so important for banks to keep up with the pace of developing technologies.

24 November 2017