CCN via MSN

Goodbye MT Format—SWIFT Retires Legacy Payments in Favor of Blockchain-Friendly ISO 20022

SWIFT sunsetted the MT (Message Type) format for financial messaging on Saturday, Nov. 22. Having migrated to ISO 20022, global banks are now positioned to ...
The Economist

National payment systems are proliferating

In February 2022 protesters of Russian warmongering daubed their faces with paint, draped themselves in Ukrainian flags, and clutched signs bearing passionate messages about, of all things, the ...
Finextra

Currencies’ digital race on payment rails

More than 11,000 banks and financial institutions rely on the SWIFT messaging network for financial transactions. In 2022, the SWIFT network registered an impressive average of 44.8 million messages ...
Crowdfund Insider

Swift, UBS Asset Management, Chainlink Complete Pilot to Bridge Tokenized Assets with Payments Systems

Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would reportedly enable digital ...
CCN via MSN

SWIFT’s ISO 20022 Migration Is Here: Ripple’s XRPL vs Stellar Network — Can XRP or XLM Thrive in the New Payments Era?

ISO 20022 standardizes how financial data is exchanged; it does not certify cryptocurrencies. Ripple and Stellar are technically aligned with ISO 20022 but not officially ...
Finextra

The Future Role of SWIFT in International and Domestic Payments

How the world’s financial backbone is reinventing itself for instant, interoperable, and digitally-driven payments. SWIFT (Society for Worldwide Interbank Financial Telecommunication) is not resting ...
Computerworld

Illusive Networks seeks to slow Swift attackers through deception

Today’s savvy bank robbers don’t break into vaults looking for gold or diamonds: They’re more likely to be hacking networks looking for access to the Swift payment system. Illusive Networks wants to ...