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News

Ripple vs SWIFT: Who is Going to Dominate Inter-Bank Money Transfers?

  • SWIFT is a 46-year old organization whereas Ripple was established in 2012.
Tuesday, 09/04/2019 | 11:10 GMT by Arnab Shome
News

SWIFT to Open gpi Payment Link Based on R3’s Corda

  • The PoC will only support R3’s -based trade environment, but later will be extended to other DLT and non-DLT platforms.
Wednesday, 30/01/2019 | 12:48 GMT by Arnab Shome
Payments

ISXPay Executes First Bank to Bank Transfers through IBANs

  • So far, ISXPay has issued more than 25 corporate IBANs and is currently processing further applications.
Friday, 07/12/2018 | 10:52 GMT by Celeste Skinner
News

SWIFT to Experiment with Blockchain in India

  • The payment network has signed a partnership with New York blockchain firm MonetaGo.
Thursday, 22/11/2018 | 13:28 GMT by Simon Golstein
News

Ripple CEO: Ripple "Taking Over" SWIFT, Integration "Strictly Rumours"

  • Brad Garlinghouse was speaking at the Singapore Fintech Festival.
Tuesday, 13/11/2018 | 14:35 GMT by Simon Golstein
News

Exclusive: SWIFT Denies Integration Rumours with RippleNet

  • Fans of XRP are excited by speculation that a competitor could soon be a partner.
Tuesday, 06/11/2018 | 19:12 GMT by Simon Golstein
News

Ripple Chief Cryptographer Says Ripple not Ready for Bank Adoption

  • David Schwartz said that distributed ledger technology is not yet scalable or private enough for banks.
Thursday, 14/06/2018 | 08:44 GMT by Simon Golstein
News

SWIFT Head of Banking: "What Problems Are You Trying to Fix?"

  • Ripple CEO says that the world is "relying on rails built 50 years ago".
Wednesday, 06/06/2018 | 09:32 GMT by Simon Golstein
Technology

Breaking: 25 Percent of SWIFT Cross-Border Payments Now Made via GPI

  • The firm launched its speedy cross-border payments service last year and it has since gained huge traction with firms
Thursday, 24/05/2018 | 09:50 GMT by David Kimberley
News

Russian SWIFT to Transfer to Blockchain Technology by 2019

  • SPFS was designed by the Russian central bank in response to SWIFT's threats withdraw from Russia.
Sunday, 06/05/2018 | 08:10 GMT by Simon Golstein
Payments

HSBC Adopting SWIFT’s gpi as Service Continues to Gain Traction

  • HSBC is the latest addition to the gpi service, which now includes over fifty live venues utilizing its network
Wednesday, 25/04/2018 | 06:48 GMT by Jeff Patterson
Payments

SWIFT Tracker Underscores Continued Decline in RMB Usage in 2018

  • The data reveals a continued decline of the RMB in terms of domestic and international payments by value
Friday, 30/03/2018 | 09:32 GMT by Jeff Patterson
Payments

SWIFT Enables Real-Time Global End-to-End Tracking for Payment Messages

  • gpi upgrade to be fully implemented in all payment instructions via a mandatory annual standard update in November 2018
Friday, 23/03/2018 | 14:50 GMT by Jeff Patterson
Payments

Who Needs Blockchain? SWIFT’s gpi Pushes Back with Faster Payments

  • SWIFT continues to see a surge in both gpi adoption rates and number of transactions.
Wednesday, 28/02/2018 | 11:04 GMT by Jeff Patterson
Execution

RMB Usage Continues to Decline, UK Ranks as 2nd Largest Clearing Center

  • RMB usage has failed to grow over the past year, declining by 32% since January 2016.
Friday, 23/02/2018 | 10:16 GMT by Jeff Patterson
Payments

SWIFT Rolls Out Real-time Payments Module for Australian Consumers, Users

  • Australia is the first jurisdiction to see the SWIFT's New Payments Platform, expanding to Europe, Asia, and Americas
Wednesday, 14/02/2018 | 09:55 GMT by Jeff Patterson
Execution

SWIFT Report Signifies Sluggish 2017 for China’s RMB

  • The report illustrates the currency’s struggle to gain momentum over the course of 2017, and addresses its future outlook.
Thursday, 01/02/2018 | 11:56 GMT by Finance Magnates Staff
News

IBM Universal Payment Solution to Support Central Bank-issued Cryptocurrencies

  • IBM, KlickEx and Stellar use open-source blockchain technology to cut costs of cross-border payments.
Monday, 16/10/2017 | 05:01 GMT by Avi Mizrahi
Innovation

SWIFT Tests Determine Blockchain Can Improve Real-Time Nostro Reconciliation

  • Distributed ledger technology "supports SWIFT’s goal of making cross-border payments more efficient."
Sunday, 15/10/2017 | 07:59 GMT by Avi Mizrahi
Payments

SWIFT Launches Domestic Instant Payment Solution in US

  • The company will provide institutions within the US with access to The Clearing House’s real-time payments platform.
Tuesday, 15/08/2017 | 11:28 GMT by Finance Magnates Staff
Payments

In Terms of Financial Transfers, SWIFT Remains the Only Game in Town

  • A technological arms race is unfolding across the payments and transfer industry.
Tuesday, 25/07/2017 | 15:14 GMT by Jeff Patterson
Innovation

SWIFT Extends Multi-lateral Testing of Blockchain Application

  • Twenty-two additional global banks join SWIFT's blockchain for nostro accounts reconciliation proof of concept.
Friday, 07/07/2017 | 07:49 GMT by Avi Mizrahi
Execution

SWIFT Expands FX Performance Tool, Market Data to Broader Client Base

  • SWIFT's new efforts will help offer the wider financial community new access to FX data.
Wednesday, 31/05/2017 | 18:00 GMT by Jeff Patterson
Execution

SWIFT Endorses FX Global Code, Outlines Impact for Clients

  • The newly introduced FX Global Code has been well received by SWIFT, which supports the new measures.
Thursday, 25/05/2017 | 14:08 GMT by Jeff Patterson
Execution

SWIFT Launches International Cross-Border Payments Tracker

  • The cross-border tracker is available via an open API as well, compatible with proprietary banking systems worldwide.
Tuesday, 23/05/2017 | 14:17 GMT by Jeff Patterson
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