Tag: Swift
-
Swift enables global eBL interoperability in trade finance
The rise of digitalization in the finance industry has brought forth numerous advancements, especially in trade finance. One of the significant breakthroughs is the interoperability of electronic Bill of Lading (eBL) systems facilitated by Swift. The Importance of eBL: The Bill of Lading is a crucial document in international trade. It serves as proof of…
-
Standard Chartered and Deutsche Bank pilot SWIFT alternative
In a move to revolutionize global banking transactions, Standard Chartered and Deutsche Bank are teaming up to pilot a new alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system. The SWIFT network, established in 1973, has long been the backbone of international banking communication, enabling secure transactions between…
-
Fiserv joins the Swift Partner Programme
Fiserv Joins the Swift Partner Programme Image source: Fiserv.com Fiserv, a leading global provider of financial services technology solutions, has announced its membership in the renowned Swift Partner Programme. The programme focuses on fostering collaboration and integration among participants, enabling them to offer enhanced services to their…
-
Revolut launches RevTags to challenge SWIFT
Revolut, the leading financial technology company, has recently introduced an innovative solution called RevTags, aiming to revolutionize the world of international money transfers and directly challenge the traditional system operated by SWIFT (Society for Worldwide Interbank Financial Telecommunication). SWIFT has long been the standard for transferring money globally, but it often involves high fees, inadequate…
-
IBM Payments Centre joins the Swift Partner Programme
IBM, the renowned technology company, has recently announced its partnership with the Swift Partner Programme, further strengthening its position in the global payment industry. Through this collaboration, IBM Payments Centre will gain access to a wide range of resources and support offered by Swift, a global provider of secure financial messaging services. This partnership demonstrates…
-
Broadridge offers Swift Transaction Screening and Securities View services
Broadridge Financial Solutions, a global Fintech leader, is now offering cutting-edge Swift Transaction Screening and Securities View services to their clients. Enhanced Transaction Screening with Swift With the ever-evolving and complex regulatory landscape, financial institutions face the challenge of effectively monitoring and screening transactions to identify potential risks and comply with global regulations. Broadridge’s Swift…
-
Swift starts testing interlinking CBDC solutions with three central banks
In an effort to drive innovation and enhance interoperability within the world of Central Bank Digital Currencies (CBDCs), Swift has announced its collaboration with three central banks to test interlinking CBDC solutions. This move signifies a significant step forward in the adoption and implementation of digital currencies in the global financial landscape. The Importance of…