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.
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.
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.
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 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.
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, 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.