Latest Sibos News: Finextra Research

T2S winning wider industry acceptance

The European Central Bank's (ECB) plan to create a single settlement process for all European securities, Target 2 Securities (T2S), appears to have gained more industry acceptance at last, although significant issues still remain about the eventual cost of the service and its governance.

27 October 2010

/Sibos

Banks face up to social media challenges - Finextra@Sibos

Citibank's marketing of Sibos on Twitter drove up visits to the bank's corporate micro-site for the international banking event by five-fold in advance of the show. The figure was divulged by Citi's managing director of marketing Leslie Klein at a Finextra-moderated Sibos panel discussion on the use of social media in financial services B2B.

27 October 2010

/Sibos

Swift preps major network upgrade

Financial messaging body Swift has announced a system upgrade, the first since 2007, for both SwiftNet and Alliance, its messaging and connectivity services respectively.

27 October 2010

/Sibos

Swift plans sanctions screening outsourcing service for small banks

Financial messaging body Swift has pledged to improve the sanctions screening process designed to stop the flow of illegal money transfers by launching an outsourcing service for small banks.

27 October 2010

/Sibos

Bottomline Technologies acquires SMA Financial

Bottomline Technologies has acquired London-based Swift Service Bureau provider. SMA Financial, for an undisclosed sum.

27 October 2010

/Sibos

Swift ponders eBAM utility move

Swift has developed a proof of concept for a central utility for routing and validating electronic bank account management (eBAM) messages, a new non-financial standard from the cooperative that was released to market in April.

26 October 2010

/Sibos

Swift launches digital signature service for multi-bank corporate treasury

Financial messaging body Swift has launched a single-sign-on digital identity key aimed at simplifying the authentication process for corporates linking to multiple bank treasury systems.

26 October 2010

/Sibos

Bank of America Merrill Lynch to launch corporate Swift service bureau

Bank of America is to create a global Swift Service Bureau to provide its corporate clients with outsourced access to the Swift financial messaging network.

26 October 2010

/Sibos

Southern Africa plans Sepa-style payments harmonisation

A project run by central banks of the 15-member Southern African Development Community aims to complete a pilot project harmonising the payment infrastructures of the four Rand Monetary Area countries within two years.

26 October 2010

/Sibos

Hester stresses importance of technology in RBS rebuilding plan

Stephen Hester, chief executive of Royal Bank of Scotland (RBS), has highlighted the important role of technology in the bank's recovery plan.

25 October 2010

/Sibos

Equens and Federal Reserve Banks launch international payments service

The Federal Reserve Banks and Equens have processed the first transatlantic automated clearinghouse payments using a new jointly developed channel.

25 October 2010

/Sibos

ECB issues price plan and revised timetable for T2S

The European Central Bank has published its latest pricing proposal for the Target 2 Securities initiative, which sets a tariff for a delivery versus payment (DvP) instruction at 15 cents.

25 October 2010

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