Latest Sibos News: Finextra Research

Swift to move into compliance space with KYC Registry

Financial messaging network Swift has announced the creation of a global Know Your Customer (KYC) Registry to help banks to manage compliance challenges and reduce the high costs associated with implementing anti-money laundering regulations.

07 January 2014

/Sibos

EU to maintain bank data sharing deal with US government following assurances

The European Union says it has received written assurances from the US government that NSA spies did not tap into financial messaging data transmitted over the interbank Swift network.

27 November 2013

/Sibos

Belgian and Dutch data protection agencies to investigate Swift security

The Belgian and Dutch Data Protection Authorities are to conduct an investigation into security at Swift following allegations that data transmitted over the interbank network was spied on by the US National Security Authority.

15 November 2013

/Sibos

Finextra partners Level39/Innotribe for Future Money innovation conference

Finextra and Level39, in association with Innotribe, are to host a two-day conference exploring the new wave of innovation sweeping across the financial services sector.

12 November 2013

/Sibos

MEPs vote in favour of suspending Swift data sharing deal; call for on-site investigation

European parliamentarians have voted in favour of suspending the EU/US bank data sharing deal in response to the US National Security Agency's alleged tapping of messages transmitted over the Swift banking network.

24 October 2013

/Sibos

EU to vote on suspending Swift/US data sharing deal

The European parliament is to stage a vote on whether the EU-US agreement on the transfer of data handled by the Swift international banking network should be suspended following allegations of Internet surveillance by US authorities.

23 October 2013

/Sibos

Brown Brothers Harriman to ditch traditional desktops as workers go mobile

US investment bank Brown Brothers Harriman expects to have abandoned traditional desktop computing within two years as employees move to mobile working, says CIO and partner Christopher Remondi.

01 October 2013

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PE firms buy IdenTrust

Private equity firms Parallax Capital Partners and StepStone Group have acquired a majority stake in digital identity authentication outfit IdenTrust. Financial terms have not been disclosed.

27 September 2013

/Sibos

Transaction banking to play key role in restoring banks' ROE

The wholesale transaction banking business continues to play a starring role in improving return on equity in the global banking industry, with revenue from fees and accounts forecast to grow at a compound annual rate of ten percent over the next ten years.

25 September 2013

/Sibos

US stonewalling on NSA/Swift snooping allegations

European politicians have raised the possibility of suspending or even terminating the EU-US Terrorist Finance Tracking Programme (TFTP) after failing to get a convincing rebuttal from US authorities over allegations that the National Security Agency spied on bank-to-bank messaging data transmitted over the Swift network.

24 September 2013

/Sibos

KlickEx and Waratek take top spots in Innotribe start-up challenge

New Zealand-based person-to-person currency exchange KlickEx has emerged as the winner of the Innotribe Startup Challenge at Sibos in Dubai.

18 September 2013

/Sibos

Swift signs first Asian bank to 3SKey

Bank of Tokyo-Mitsubishi UFJ (BTMU) has become the first Asian bank to adopt 3SKey, the multi-bank digital identity service for corporate treasury authentication developed by financial messaging network Swift.

18 September 2013

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