Tag "SWIFT"

Swift Completes Sandbox Testing of API-Based CBDC Project

Swift said that 18 central and commercial banks found “clear potential and value” in its API-based Central Bank Digital Currency (CBDC) connector. Following a 12-week period of collaborative sandbox testing, almost 5,000 transactions were simulated between two different blockchain networks

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SWIFT Embraces APIs, Partnership Strategy to Digitize Global Trade

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global member-owned cooperative and the world’s leading provider of secure financial messaging services, is upgrading its trade proposition, leveraging new communication channels, APIs, and embracing a partnership strategy to digitize the

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SWIFT Go Is Now Live With 7 Global Banks for Low Cost Cross-Border Payments

SWIFT announces the launch of SWIFT Go, a new service that enables small businesses and consumers to send fast, low-cost cross-border payments anywhere in the world, direct from their bank accounts. Seven leading global banks are now using SWIFT Go

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SWIFT and Singapore’s IMDA to Accelerate Global Trade Digitalisation

SWIFT and Singapore’s Infocomm Media Development Authority (IMDA) has signed a Memorandum of Intent (MOI) to accelerate trade digitalisation globally. The MOI looks at offering SWIFT’s community a more efficient and cost-effective cross-border paperless trade, without the need for multiple

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SWIFT Announces New Strategy to Enhance Its Processing Platform

SWIFT announced that over the next 2 years and beyond, it will continually enhance its payments and securities platform as part of a new strategy approved by its Board. The digital platform will use APIs and cloud technology to provide

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SWIFT Teams up With Singapore’s Stock Exchange to Trial Voting on the Blockchain

SWIFT announced that they will be working with Singapore Exchange (SGX) along with Deutsche Bank, DBS, HSBC and Standard Chartered Bank to work on a proof-of-concept on e-voting using blockchain. The trial will explore whether blockchain can help simplify the

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SWIFT Completes Trial — Cross Border Payments From Singapore Made in 30 Seconds

SWIFT recently shared the successful test results of its new instant cross-border payments proof of concept. This news follows on the heels of their previous announcement of launching a sandbox which allows fintech players to test on Australia’s New Payments Platform

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Singapore, China, Australia and Thailand Banks Join Forces to Build APAC Cross-Border Real-Time Payment

SWIFT has joined forces with a group of SWIFT gpi banks from Australia, China, Singapore and Thailand to develop a unique cross-border real-time payments service in the Asia Pacific region. SWIFT has held exploratory talks with banks from the Asia

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AccessPay and Assembly Payments win SWIFT’s Global GPI Industry Challenge

SWIFT gives two FinTech start-ups the opportunity to work with the co-operative and gpi banks over a three-month period to further enhance cross-border payments, leveraging on SWIFT gpi. The two startups will receive up to 100,000 EUR each to further

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