29 August 2016
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News from Sibos 2015


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Swift forms High Value Payments taskforce for ISO 20022

18 August 2016  |  0

Swift is to push the gospel of global interoperability for the ISO 20022 messaging standard to the very top of the payments food chain with the formation of a High Value Payment taskforce comprised of global banks and major market infrastructure providers.

Philippines central bank hits cyber-heist institution with $21 million fine

05 August 2016  |  0

The central bank of the Philippines has levied a record $21.3 million dollar fine on Rizal Commercial Banking Corp (RCBC) for its part in the massive $81 billion Bangladesh cyber heist.

Bitcoin and blockchain pose little risk to payments giants - Credit Suisse

05 August 2016  |  0

Visa, MasterCard, WorldPay and others in the payments sector can relax: Bitcoin will remain a niche player and blockchain technology poses little risk, according to a new report from Credit Suisse, which has less comforting news for Swift.

Swift calls in outside help to shore up cyber defences

11 July 2016  |  0

Interbank messaging network Swift has engaged cyber-security specialists BAE Systems and Fox-IT and created a dedicated 'Forensics and Customer Security Intelligence Team' to help shore up its defences in the wake of a string of high-profile attacks at multiple bank sites.

Ripple goes after Swift; talks up multi-sign

06 July 2016  |  0

Ripple is looking to capitalise on the recent spate of successful bank heists from institutions connected to the global Swift network by introducing a multi-sign feature on its consensus ledger.

Bank payment networks to prevail over bitcoin - Citi

01 July 2016  |  3

Bitcoin does not as yet pose a threat to existing centralised payment networks, argues Citibank in a new research report, dismissing the digital currency as an interesting experiment with limited use cases for peer-to-peer transfers.

Innotribe at Sibos 2013

Innotribe expands at Sibos as innovation chat moves centre stage

08 August 2016  |  1

Innotribe, the innovation arm of Swift, is expanding its capacity at the messaging co-operative's annual Sibos jamboree by 50%, but don't expect any chat about distributed ledger technologies, which has now been swallowed up by the mainstream event.

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