Taking the Next Step in KYC and AML Compliance March 06, 2014Regulators are demanding more and more from banks’ KYC and AML monitoring, making it increasingly necessary for the industry to collaborate on this costly area of regulation. Major Banks Sign Up for SWIFT’s KYC Registry March 05, 2014SWIFT aims to cut complexity and cost in compliance with a new centralized registry for KYC information that will roll out later this year. The Promise Of Payments August 29, 2013Technology has made banks more proficient at handling payments, but it also has enabled competitors and criminals. Can banks keep up in the emerging payments environment? 3 Takeaways From Innotribe New York June 14, 2013The showcase for financial technology startups and innovators, sponsored by SWIFT, could portend the future of banking.
Top Quotes from SWIFT Operations Forum Americas 2013 March 08, 2013Seven insights about regulatory compliance from the recent SWIFT Operations Forum Americas. SWIFT Expands Presence in Asia Pacific September 26, 2012The organization will create two new corporate hubs in Hong Kong and Kuala Lumpur.
New Cloud-Based End-to-End Electronic Account Management Service Launched June 27, 2012The service offers new electronic bank account management through SWIFT and is the product of a partnership between Fundtech and Open Solutions Inc. SWIFT CEO Announces Resignation May 21, 2012SWIFT CEO Lazaro Campos announces resignation; Gottfried Leibbrandt nominated by Board as his successor. The Future of Corporate Banking: Intelligent Transactions to Improve the Customer Experience April 19, 2012The next big thing in the treasury services/corporate banking space will be bringing intelligence into high-value transactions, according to participants at the recent SWIFT Operations Forum. Do Banks Have a Place in the Future of Payments? October 31, 2011Banks must accelerate innovation in the payments space to avoid disintermediation and remain competitive. But in a twist, regulation may drive transformation rather than hinder it. On the Fast Track to eBAM September 20, 2011Although the premise of electronic bank account management (eBAM) is simple, the transition from a paper-based traditional bank account management process to this automated approach is a giant leap. SWIFT Offering One-Stop Shop for Reference Data September 06, 2011The financial messaging services provider is rolling out a new suite of products for payments-related data. SWIFT Launches Security Token Technology in U.S. March 09, 2011Secure Signature Key designed to make corporate treasurers' lives easier by letting them manage accounts at multiple banks using one secure token. SWIFT CEO Reports Growing Payment Volumes, Hints At Future Projects March 08, 2011SWIFT CEO Lazaro Campos laid out some of the organization's plans for payments, identity management and corporate actions at SWIFT's Operations Forum this morning. Bank of China Reducing Paper Consumption 95% By Taking SWIFT Messages Paperless January 26, 2011Bank of China's London subsidiary has stopped printing SWIFT messages, instead routing them with IBM software, cutting down on paper and making the messages easier to search.
SWIFT Targets Global Securities Business with New Senior Appointments January 20, 2011SWIFT names Fabian Vandenreydt Head of Securities and Treasury Markets; Brett Lancaster hired as Managing Director, Securities Initiatives, Americas. SWIFT Announces Release 7.0 October 27, 2010Global financial messaging services provider SWIFT today at Sibos announced its next major release, which will be rolled out in 2011. SWIFT Launches Digital ID Product for Banks' Corporate Accounts October 27, 2010Hopes that 3SKey will become universally adopted by banks and their treasury management clients; five large French banks have been piloting the system. SWIFT Launches "For Dummies" Book to Promote ISO 20022 October 26, 2010Putting the fun back in ISO messaging standards. SWIFT to Reduce Message Prices by Average 20 Percent September 17, 2010SWIFT to reduce message prices by average 20 percent; customers expected to save EUR 70 million in 2011.