SwiftNet Registration Authority (RA)
A Swift-registered body that identifies and authenticates an institution and the initial users of the SwiftNet Public Key Infrastructure (for example, an institution's security officer).
Three pillars to protect your core payment systems against fraud
COVID-19 has created a new normal in more ways than one. Fraudsters have been quick to exploit the opportunities presented by changes to working processes including application fraud attacks, where stolen identities are used to apply for financial products, along with a plethora of phishing and mule recruitment efforts.
Is technology the panacea for today’s cross-border payment frictions?
There’s no question technology plays a powerful role in enabling the movement of payments around the world. With access to a smartphone, individuals can purchase goods, pay bills, communicate with friends and family who are miles away, and more. Businesses can easily pay remote teams and partners and securely accept payments from virtually anywhere in the world. The efficiencies and problem-solving possibilities seem endless.
More speed, less friction in securities settlement
The securities industry has made big leaps in efficiency over past decades, yet there are areas where the settlement journey still faces friction. In the first of three articles, Swift’s Head of Securities Strategy, Vikesh Patel, sets out a vision for the future of frictionless post-trade settlement.
Sanctions List Monitor
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The KYC process explained
Take a look at the key KYC processes that enable financial institutions to ‘know their customer’, stay compliant and enrich the banking experience for their corporate customers.
Building better defences by establishing a deeper understanding of cyber security threats
New Swift Institute research papers examine the cyber threat in financial services and how information can be disseminated via common platforms and a common terminology
Data and buy-side engagement key to FX market self-regulation
Codes of conduct and market standards address poor behaviour in FX markets far more effectively than formal regulation − which has inadvertently altered the balance between liquidity providers and liquidity consumers, and could even discourage prudent behaviour. But, buy-side commitment and improved data transparency are recommended strategies to further improve behaviour.
Fraud targeting your institution
Understanding the changing tactics used by fraudsters is key to prevention. You can then take steps to defuse the threat and protect your financial assets against payments fraud.
Cybersecurity is a community effort: Swift CSP five years on
Latest attestation data shows that, five years on, the Swift Customer Security Programme (CSP) is continuing to deliver significant results.
ISO 20022 in bytes: Better data means better payments
Welcome to the latest edition of ISO in bytes, providing a high-level overview of the most critical updates on the ISO 20022 adoption programme for cross-border payments and reporting.