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Third Largest Russian Bank Starts Issuing Chinese UnionPay Cards
- The banking system in Russia is making its first moves to diversify away from U.S. card providers as Gazprombank signs a deal with Chinese UnionPay and amid ongoing geopolitical tensions and weak Russian ruble.
Tuesday, 23/09/2014 | 19:03 GMT by
Victor Golovtchenko
Russia Tries to Draw China into Its Plan to Create an Alternative to SWIFT
- A week after the British Prime Minister David Cameron suggested cutting Russia off the international payment system the Russians announce they are in talks with China for a "SWIFT" response to the threat.
Thursday, 11/09/2014 | 10:22 GMT by
Avi Mizrahi
David Cameron Pushes for “SWIFT Action” against Russia, Merkel Opposes It
Monday, 01/09/2014 | 22:48 GMT by
Victor Golovtchenko
Russian Government Devises SWIFT Alternative, FBI Exams Russian Trail in JPMorgan Hacking
- Russian government takes countermeasures against future sanctions, devises an alternative interbank payment system to SWIFT, while Bloomberg reports about allegedly Russian hackers attacking JPMorgan.
Wednesday, 27/08/2014 | 21:37 GMT by
Victor Golovtchenko
Yuan Payments Sent from Europe to China Increased by 105% YoY with New RMB Clearing Banks
- The Chinese central bank continues to push for the internationalization of the Yuan as a trade facilitator for its export driven economy and European firms are quick to adopt to payments in the Chinese currency.
Tuesday, 26/08/2014 | 11:39 GMT by
Avi Mizrahi
Singapore Surpasses London for Second Top Offshore Yuan Clearing Destination
- Hong Kong retains its top position by a huge margin, with 72.4% of transactions in offshore Renminbi, as Yuan volatility picks up and demand for FX clearing services keeps rising in South-East Asia.
Monday, 28/04/2014 | 22:06 GMT by
Victor Golovtchenko
SWIFT Tracking Sees RMB Exposure Surge 248% YoY across Aussie FX and Investments
- SWIFT's currency tracking has announced that Chinese Renminbi (RMB) payments value for the month ending February 2014 exploded 248% YoY as fx activities continue to drive the currency's exposure in Australia.
Wednesday, 26/03/2014 | 16:22 GMT by
Jeff Patterson
ICD Subsidiary Tabs Volante Technologies For Its Data Management Needs
- Volante Technologies, a leading provider of financial data tools and solutions across multiple asset-classes announced the inclusion of its newest payments customer, Institutional Cash Distributers Technology.
Monday, 24/03/2014 | 10:00 GMT by
Jeff Patterson
SWIFT Announces Rebate, as 2013 Volumes Hit Record High 5 Billion Messages
- Price reductions attributed to driving its traffic volumes to a record high of five billion messages a year in 2013, according to SWIFT's latest announcement. Rebate of EUR 33M will be paid in March 2014 for 2013 volumes.
Thursday, 02/01/2014 | 13:09 GMT by
Steven Hatzakis
CLS Group Raises £160M to Help Meet Its Expected Regulatory Capital Increases
- As some of the new Principles for Financial Market Infrastructures (PFMI) standards are expected to go into effect, as set forth from the IOSCO and BIS, increased capital was needed to help meet anticipated obligations.
Monday, 02/12/2013 | 21:11 GMT by
Steven Hatzakis
Swift teams up with MarkitServ to offer 'swifter' FX Clearing
Tuesday, 24/04/2012 | 06:42 GMT by
Adil Siddiqui
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