August 03, 2021 BY Alan Sayer

SWIFT hires tech industry veteran Cheri McGuire as its new CTO

As well as taking on the new role as SWIFT CTO, McGuire will also continue to hold posts with other institutions. These are mainly linked to the realm of cybersecurity. She comes with a high level of prestige as her previous role was as the Group Chief Information Security Officer at Standard Chartered Bank. Perhaps…

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June 18, 2018 BY Valentina Kirilova

Eddie Astanin re-elected to SWIFT Board of Directors

Eddie Astanin, Chairman of the Executive Board of National Settlement Depository (NSD), Russia’s central securities depository, has been re-elected to the Board of Directors of SWIFT, the global system of interbank transfers. Mr. Astanin has held this post since 2015, when Russia’s representative joined the Board of Directors of SWIFT for the first time. The…

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Volante Technologies Inc. expands executives team
January 17, 2018 BY Valentina Kirilova

Abu Dhabi Securities Exchange signs Memorandum to support adoption of DLT

Abu Dhabi Securities Exchange (ADX), the region's financial market, announced that it has signed a Memorandum of Understanding (MoU) with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD) companies to collaborate on Distributed Ledger Technology (DLT) implementation in post trade operations, as well as capital market transactions.…

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ATFX teams up with major payment providers for LATAM and the Middle East
August 15, 2017 BY Valentina Kirilova

SWIFT to facilitate instant payments in the U.S.

SWIFT just announced that it will provide U.S. institutions with a gateway to The Clearing House’s real-time payments (RTP) platform. As instant payments become more ubiquitous in the U.S., SWIFT will provide an interface to manage the requirements of sending and receiving domestic instant payment transactions on behalf of customers. The Clearing House (TCH) is…

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November 08, 2016 BY admin

CLS upgrades members to new market infrastructure interface

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global Forex market, today announced the completion of its project to upgrade its settlement members to a new member gateway and market infrastructure (MI) channel. CLS worked with each of its settlement members, as well as SWIFT, to build and integrate…

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September 21, 2016 BY LeapRate Staff

Moscow Exchange's NSD becomes first SWIFT Service Bureau to secure Premier Status in Eastern Europe

SWIFT has assigned the Premier certification status to the Service Bureau of National Settlement Depository (NSD), Russia’s central securities depository. NSD’s Service Bureau has become the first bureau to receive this status in Eastern Europe. Compliance with Premier status requirements lets NSD guarantee its clients the maximum level of safety and reliability when using NSD…

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September 13, 2016 BY Valentina Kirilova

Clearstream announces August report, prepares for its migration in February 2017

Clearstream has just announced its August report. The highlights last month are: - Successful TARGET2-Securities wave three migration - Clearstream prepares for its migration in February 2017 After the successful third migration wave, TARGET2 Securities (T2S) is now gaining momentum, and Europe is one step closer to a harmonised settlement. With its own migration drawing…

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September 06, 2016 BY Mike Fox

Virtual currencies unlikely to crowd out fiat currencies, according to new research

The SWIFT Institute has published a new research paper analysing whether Bitcoin will crowd out fiat currencies in the global community. The paper, entitled “Virtual currencies: Media of exchange or speculative assets?”, looks at the dynamic relationship between virtual currencies, such as Bitcoin, and fiat currencies, and evaluates any immediate risks that virtual currencies pose…

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August 25, 2016 BY Valentina Kirilova

Innotribe and Innovate Finance launch Global FinTech Hubs Federation Initiative

Innotribe, SWIFT’s innovation arm, and Innovate Finance, the independent membership organisation for global FinTech, have announced the launch of the Global FinTech Hubs Federation (GFHF) to help foster innovation across the world’s financial services industry. To date, more than 20 countries - including Canada, China, Germany, Mexico, Switzerland, and the United Kingdom, to name a few…

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April 25, 2016 BY Maria Nikolova

SWIFT responds to reports about malware hitting its network

Cyber security is high on the agenda, as SWIFT was today forced to voice its stance regarding reports alleging its network and messaging services were affected by malware. SWIFT said in its statement that it was aware of malware targeting the ability of financial institutions to evidence fraudulent transactions. It added that the malware has…

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