Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced that one of its flagship customers - Norway’s largest bank DNB - is ready to be switched on with SWIFT-compliant versions of both its front and back-end solutions, IMEX and allNETT. Despite the deadline of the guarantee messaging standard moving back to 2021, DNB’s proactive approach is exemplified by dozens of other customers who have also... more
Currencycloud today announced a pilot programme to provide SWIFT gpi tracking capabilities to their clients through a new API. This new service, one of the first offered by a non-bank, will allow Currencycloud clients to track their customers’ cross-border payments directly, much like an Amazon parcel. They can even pass the service further onwards to their own customers so they can track their payments themselves. Early participants in the... more
The trend to Open Banking in real time continues: With a project in Hungary, a comprehensive solution package has been created for the customers of the Erste Bank Hungary. The subsidiary company of the Erste Bank Group Vienna operates one of the largest branch networks in Hungary.
SWIFT today announces the opening of its global Know Your Customer (KYC) registry to SWIFT-connected corporate groups, enabling them to manage and share KYC data with their banking partners across the globe. The go-live for corporates follows a successful testing period with 18 leading corporate groups including BMW, Spotify and Unilever which was supported by 16 global banks representing over 7,000 corporate to bank relationships on SWIFT.
In the last 24 hours, it has been reported in Cointelegraph that Coinbase has suspended UK customer deposits via Faster Payments and is relying on international bank transfers made through SWIFT, with a minimum deposit of £1,000.
SWIFT today announces the further enhancement of its gpi service with the full go-live of SWIFT gpi for corporates, a capability designed and built in conjunction with banks and corporates which enables multi-banked corporates to initiate and track payments across multiple banks directly from their treasury and payment systems. More than 50 of the world’s largest companies – including LVMH, Microsoft and Petronas – have already signed up to the... more
Surecomp®, the global trade finance fintech leader announced today that DOKA-NG®, a back-office trade finance solution, was granted the ‘SWIFT Certified Application – Trade Finance’ label for the 19th consecutive year.
SWIFT Achieved License to Provide ESMIG Connectivity Services as Network Service Provider for TARGET Services
SWIFT announces today that it has been awarded a license to provide ESMIG connectivity services from November 2021, as a Network Service Provider for the Eurosystem’s TARGET Services. SWIFT’s appointment through the Eurosystem’s public tender process evidences both trust and confidence in SWIFT’s services as well as SWIFT’s own commitment to supporting Market Infrastructures and in driving modernisation. SWIFT supports 254 domestic and pan-... more
SWIFT today announces that a group of banks are to trial instant gpi cross-border payments in Europe using the TARGET Instant Payments Settlement (TIPS) platform. The European Central Bank (ECB) and SWIFT have launched this initiative to extend the reach of instant cross-border payments deeper into the European market by enabling gpi in the TIPS system. Banks will carry the cross-border legs of the payments, which they will then settle through... more
SWIFT announces the launch of an ‘in-flight’ payment investigation and resolution service, available in the cloud, in a significant expansion of its network-wide payments validation toolkit. The new capability allows for dynamic query handling between banks on the SWIFT network, enabling them to quickly resolve instances in which required operational, regulatory or compliance information is incorrect or missing from payment instructions.
Innotribe has released a new report examining the way innovation teams from the financial services sector are harnessing innovation within their organisations. Based on interviews with 11 innovation leaders, the Innotribe report, “Dynamism in Diversity: The essentials for successful Innovation Teams in the Financial Industry,” details current innovation frameworks and best practices for developing innovation programmes across the wholesale... more
Worldcore payment institution binds up with BioID to present face recognition authentication at FinovateEurope 2017
- 15.02.2017 07:00 am
- Security and Compliance, Transaction Banking, SWIFT, Corporate Banking, Mobile Banking, Security
Worldcore, an online based financial services provider and cloud biometrics developer BioID, revealed a joint project, in which BioID’s facial recognition technology will be used to secure Worldcore system, adding a second form of biometric authentication, named FaceKey.
SWIFT announces today that the Innotribe Startup Challenge for Russia is open for applications. For the first time this year, Innotribe is pleased to partner with the ROSSWIFT (Russian National SWIFT Member and User Group), namely the Bank of Russia, the National Settlement Depository, Sberbank, and Alfa-Bank to organise the Startup Challenge showcase during the International Financial Congress (IFC).
SWIFT Innotribe announces today that the Startup Challenge for Africa is open for applications. For the third year running, the Startup Challenge will be part of SWIFT’s African Regional Conference (ARC) held in Abidjan, Ivory Coast, from 16-18 May 2017. ARC brings together policy makers, industry leaders and the broader financial community from across the African continent.
SWIFT RMB Tracker shows an overall decline in RMB payments by value for 2016, closing out the year in sixth place among currencies used for international payments SWIFT data shows that compared to 2015 the payments value for the RMB decreased by as much as 29.5% in 2016. The RMB’s share as an international payments currency dropped from 2.31% in December 2015 to 1.68% in December 2016, ending the year as the sixth most active currency for... more