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 coexistence period between MT and ISO 20022 message standards is coming to an end this weekend, as the Society for Worldwide Interbank Financial Telecommunication (SWIFT) 22 November deadline ...

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 ...

BRUSSELS--(BUSINESS WIRE)--Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border ...

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 ...

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 ...

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 ...

LONDON, July 18 (Reuters) - The Bank of England said on Thursday it had suffered a temporary outage to its CHAPS interbank payment system, which handles more than 360 billion pounds ($467 billion) on ...