Banks enhancing offerings to tackle internal corporate fraud
Brussels, 5 September, 2013 – Faced with increasing security concerns and risks of internal fraud, corporates and banks are looking for ways to extend controls on their banking communications. Swift has released a paper that looks at how banks are responding to such needs with advanced user identity and mandate management services, traditionally limited to their online banking channels, now also available on their direct connectivity channels.
Cybersecurity risks and strategies outlined in new Celent Sibos report
Download the analysis of the evolving threat landscape
Will Europe overtake Asia in RMB trade settlement?
Brussels, 29 October 2013 - When RMB trade settlement was opened up in June 2012 for any corporate in the world, adoption was to start regionally in Asia and then expand to Europe, the Americas, Middle East and Africa. That may have been so. Recent Swift data however shows that RMB customer payments - a good proxy for trade settlement - in Europe grew by 163% over the last year, much higher than the 109% observed in Asia (excluding China and Hong Kong) in the same period. Growth in Europe was…
Swift’s new Chief Security Officer takes part in BAE podcast
Karel De Kneef joins BAE expert to discuss the security challenges in financial markets
How HSBC is streamlining its KYC and AML checks
Marian Owczarzy, VP Utilities Lead, KYC Industry Utilities, Alwin Bathija, Global Head of Corporates Onboarding and their teams are responsible for the implementation of global KYC processes at HSBC. For a multi-jurisdictional bank, this is no small feat. We sat down with Owczarzy and Bathija to find out how HSBC tackles this complex task using Swift’s data solutions.
Countdown to compliance
Help is at hand for securities firms implementing ISSA’s Financial Crime Compliance Principles
Swift offers 200,000 EUR for FinTech community to leverage gpi platform
Swift GPI industry challenge fosters collaborative innovation between banks and FinTech companies from around the world
RMB falls back to position #5 as an international payments currency
According to Swift data, the RMB has dropped a position in the currency rankings for international payments, whilst underlying growth remains positive.
Canada takes off as official RMB clearing centre
Swift’s RMB Tracker shows that the RMB is the second most active currency used by Canada for payments with China and Hong Kong.
Renminbi adoption is on the rise in South Africa
Swift's RMB Tracker shows that the Chinese currency now accounts for more than 30% of payments between South Africa and Greater China.