Latest Sibos News: Finextra Research

T2S connectivity licences come up for grabs

Europe's central banks have begun the process of picking network service providers for the Target2Securities (T2S) system, with telecoms firms expected to challenge inter-bank co-operative Swift for the two licenses up for grabs.

15 July 2011

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Swift incubator invites pitches for quarterly 'dragon's den'

Inter-bank co-operative Swift is inviting startups and entrepreneurs to pitch their ideas at a quarterly 'dragon's den' style gathering of bankers, consultants and venture capitalists.

13 July 2011

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Swift and DTCC score big data management mandates

Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have won two separate industry data management mandates, for the development of a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.

12 July 2011

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Swift launches corporate Iban validation kit

Financial information network Swift is marketing a directory and software tool designed to help corporates validate and set-up Iban account codes for customer and supplier payments in time for the Sepa deadline.

08 July 2011

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Western Union to acquire Travelex Global Business Payments

Western Union is to acquire the Travelex Global Business Payments (TGBP) division for £606 million in cash.

05 July 2011

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European payments industry prepares for record-breaking EBAday 2011

The Euro banking Association and Finextra are preparing for a record turn-out at EBAday 2011, Europe's pre-eminent annual payments event, with a sold-out exhibition floor and conference agenda featuring more than 50 of Europe's leading banks, market operators and industry utilities.

10 June 2011

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Legal Entity Identifier standard nears

Plans to create a new legal entity identifier (LEI) system to help regulators and industry participants monitor systemic risk are gathering momentum, with Swift winning a vote to act as the registration authority for the ISO standard and a group of trade associations setting out their framework.

05 May 2011

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Swift taps Sword Fircosoft tech for sanctions screening service

Financial messaging body Swift has selected technology from Sword FircoSoft to support a new centralised sanctions screening service aimed at small banks.

04 May 2011

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DTCC kicks off corporate actions pilot; legacy formats to be switched off by 2015

The Depository Trust and Clearing Corporation says it will shut off corporate actions processing for all legacy file formats in 2015, as it begins testing of new ISO 20022 announcement messages with five user firms.

13 April 2011

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Bolero and Swift agree trade services pact

Internet-based trade finance utility Bolero has brokered an agreement with financial co-operative Swift to use the FileAct network for corporate-to-bank messaging.

29 March 2011

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EU citizens betrayed by Swift data deal - MEPs

European Parliamentarians have slammed the latest Swift bank data sharing deal with the US, saying that six months after it was introduced checks put in place are failing and American requests for information simply rubber stamped by Europol.

17 March 2011

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Banks must retool payments businesses as revenues dip - BCG

Global payments revenues - which typically constitute a third to a half of most banks' total revenues - fell at a compound annual rate of seven per cent from the end of 2008 through 2010, according to figures from the Boston Consulting Group (BCG).

08 February 2011

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