CICI Utility sets strong foundation and prepares for continued growth in 2013
New York, NY - January 30, 2013 - The Depository Trust & Clearing Corporation (DTCC) and Swift announced today that their global legal entity identifier (LEI) solution has progressed at a robust pace since its August, 2012 launch with more than 47,000 entities from 125 countries registered in the US Commodity Futures Trading Commission (CFTC) Interim Compliant Identifier (CICI) database.
Innotribe calls on FinTech startups to leverage the Swiftgpi platform
Join the Swiftgpi Industry Challenge: a 2 day workshop, 5 startups, 30 banks, and a chance to complete proof-of-concepts for 200,000 EUR
Swift strongly objects to advisory opinion from WP 29
Global solution needed to balance data privacy concerns with security and public safety
Swift strongly objects to advisory opinion from WP 29
Global solution needed to balance data privacy concerns with security and public safety
Important actions resulting from March 2007 Board meeting
Swift seeking legal certainty while pursuing safe harbor status, increased contract transparency and global architecture alternatives
Financial crime poses significant challenges for securities market participants
Securities industry leaders collaborate to help ease financial crime compliance concerns for cross-border securities accounts
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…
Chinese Renminbi Overtakes the Swiss Franc as a World Payments Currency
Brussels, 27 February 2014 - For the third consecutive month, the Renminbi (RMB) is one of the top ten most-used currencies for payments worldwide. With an activity share of 1.39% in payments value, the RMB now ranks 7th, closely followed by the Swiss Franc at 1.38%.
Susquehanna Bank joins Swift using Alliance Lite2
New York, August 12, 2013 - Swift, the financial messaging provider for more than 10,000 banking organizations, securities institutions and corporate customers in 212 countries and territories, announces that Susquehanna Bank has joined the Swift network using Alliance Lite2, a cloud-based connectivity solution.