SWIFT handles +44 million transfers, also called encrypted messages, daily. It is the most used system to transfer funds globally. Whether you're a finance professional or simply someone who ...

A powerful coalition of democracies announced it would cut off some Russian banks from the global payment system Swift. Here’s how Swift works, and how the move could ramp up pressure on Russian ...

LONDON, March 25 (Reuters) - Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to ...

The groundwork for a system of international payments that bypasses the sclerotic SWIFT network has been created. Now the banking industry needs to get behind the switch to blockchain-based payments, ...

SWIFT’s Chief Innovation Officer, Tom Zschach, has raised doubts about whether Ripple’s technology and the XRP token can meet the standards global banks demand for cross-border settlement. Zschach ...

QIIB has introduced the ‘SWIFT GPI Tracker’ service through its mobile banking app, becoming the first bank in Qatar to offer this cutting-edge feature. The launch represents a major leap in ...

The White House on Saturday announced that the United States and allies will kick certain Russian banks out of a major international banking system, a significant step in a bid to cripple the Russian ...