Swift

Fintech & Ecommerce

Swift Enhances Case Management to Optimise Payment Investigations

Swift estimates that adopting Case Management early could help the financial industry save more than $600 million each year in operational and liquidity expenses, while also potentially increasing gross revenue by 3–5%.

Fintech & Ecommerce

U.S. Dollar Dominates SWIFT Payments

In August 2024, the dollar accounted for almost half (49.1%) of payments handled by the global payment network SWIFT, with no other currency presenting solid competition to the dollar’s role in international payments.

News

Swift Introduces AI Fraud Detection for Cross-Border Payments

SWIFT network is to launch an AI-powered solution to bolster fraud detection in cross-border payments, analyze vast amounts of real-time payment data, and mitigate risks.

Blockchain & Crypto

SWIFT to Launch New Central Bank Digital Currency Platform

The SWIFT global banking messaging network has intentions of creating a new platform to connect multiple central bank digital currencies (CBDC) to the existing financial system.

Blockchain & Crypto

Chainlink Partners With ANZ Bank

ANZ Bank has explored how its stablecoins might seamlessly navigate between different chains using Chainlink CCIP to streamline the purchase of eco-friendly assets.

Blockchain & Crypto

Swift Enters Beta Testing of CBDC Connector

Swift continues exploring CBDC interoperability, proceeding to the next testing phase with three central banks / monetary authorities and over 30 financial institutions involved