Archives

August 28, 2026 @ 5:29 am By Omar Faridi  |  

Swift has agreed to give the financial industry more time to complete a key part of the ISO 20022 payments upgrade: the shift from free-text postal addresses to structured ones. The decision follows formal requests from several market communities that said they could not meet… Read More

July 9, 2026 @ 10:21 am By JD Alois  |  

Global firm Swift says its blockchain based payments and transfers network is ready to go while announcing 17 banks* have signed up to help pilot the service. Swift states that it will now support 24/7 payments with tokenized deposits. The banks using the service are… Read More

June 2, 2026 @ 2:12 am By Omar Faridi  |  

Global financial messaging network SWIFT has rolled out a comprehensive new payments scheme tailored specifically for consumer and small business transactions. This initiative, developed in close collaboration with leading banks worldwide, aims to deliver improved levels of speed, overall cost transparency, predictability, and reliability to… Read More

March 31, 2026 @ 7:26 am By Omar Faridi  |  

Swift has moved its blockchain-powered shared ledger from the planning stage into full-scale development, marking a significant step toward modernizing international finance. The organization recently finalized the blueprint for this initiative and is now constructing the initial operational version, known as the minimum viable product… Read More

January 16, 2026 @ 11:34 am By Omar Faridi  |  

Societe Generale-FORGE (SG-FORGE) and SWIFT have demonstrated the integration of tokenized assets with traditional payment systems. This milestone, announced on January 15, 2026, involves the smooth exchange and settlement of tokenized bonds using both conventional fiat currencies and digital stablecoins. The achievement highlights the potential… Read More

November 16, 2025 @ 11:51 pm By Omar Faridi  |  

Citi (NYSE: C) and Swift announced a trial that seemingly confirms the feasibility of settling payments between fiat and digital currencies, in a Payment-versus-Payment workflow. The trial now reportedly demonstrates a hybrid model for interoperability between TradFi systems and DLT networks. This was achieved by… Read More

October 1, 2025 @ 5:20 pm By Omar Faridi  |  

As a key moment for the global financial system and blockchain industry alike, Swift announced it is launching a new blockchain-based ledger. Chainlink acknowledges the wok of their partner Swift and the broader Swift community on “adopting blockchains and oracle networks as a key next… Read More

October 1, 2025 @ 8:50 am By Omar Faridi  |  

Consensys shared that it is supporting Swift with early-stage prototyping as the global financial infrastructure adds a blockchain-based digital ledger to its technology stack. Swift’s move is a pivotal one for global finance, “beginning with instant, always-on cross-border payments at unprecedented scale.” For more than a… Read More

April 20, 2025 @ 9:52 pm By Omar Faridi  |  

Swift announced the launch of an enhanced solution for managing payment investigations that could save the financial industry millions and significantly reduce the time it takes to “identify and resolve issues when international payments are delayed.” Financial institutions spend more than $1.6 billion each year… Read More

February 5, 2025 @ 9:08 pm By Omar Faridi  |  

Eastnets, a global firm enabling and supporting compliance, payments, and cloud solutions, has launched a SWIFT Service Bureau in the Kingdom of Saudi Arabia (KSA). Designed to empower institutions with compliant solutions, the Eastnets KSA Service Bureau delivers seamless SWIFT connectivity, cloud-enabled operations, and “adherence… Read More

January 21, 2025 @ 11:34 am By Omar Faridi  |  

Adopting the new global standard for payments is more important than ever, according to an update from Swift. As the financial industry moves closer to the CBPR+ November 2025 deadline, Swift has shared comments on some key developments. CBPR+ stands for Cross-border Payments and Reporting… Read More

November 6, 2024 @ 8:11 am By Omar Faridi  |  

Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would reportedly enable digital asset transactions to settle with fiat payment systems across more than 11,500 FIs, across 200+ countries and territories…. Read More

October 24, 2024 @ 10:37 pm By Omar Faridi  |  

Nium, the infrastructure for real-time cross-border payments, has recently announced that financial institutions are now able to leverage the Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network. This connection provides a cost-effective solution for financial institutions to connect… Read More

October 19, 2024 @ 7:35 pm By Tony Zerucha  |  

Swift is planning to roll out new AI-enhanced fraud detection for the global payments industry. It will be available in January 2025. The new capability builds on Swift’s existing Payment Controls Service by drawing on pseudonymized data from the billions of transactions that flow over… Read More

October 3, 2024 @ 9:11 am By JD Alois  |  

Swift has announced that central and commercial banks may use the Swift network to carry out trial transactions of digital currencies and digital assets. The project kicks off in 2025. The digitization of assets has been ongoing for years. Digital assets can take many forms,… Read More

September 22, 2024 @ 9:16 am By Omar Faridi  |  

Swift and Wise  (LSE:WISE) says they will increase cross-border payment options for financial institutions and their customers, enabling payments sent via Swift to be completed over Wise with end-to-end transparency. Financial institutions seeking to innovate their offerings “will be able to route Swift payment messages… Read More

May 23, 2024 @ 4:47 pm By Omar Faridi  |  

Swift has set out plans to help financial institutions streamline the cross-border payment experience for their corporate customers by “extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labeled tracking services that can be activated for customers at the click of a… Read More

April 6, 2024 @ 12:09 pm By Omar Faridi  |  

Swift announced the findings of the second phase of industry-wide sandbox testing on its central bank digital currency (CBDC) interlinking solution, with the results showing that its connector can enable financial institutions to carry out a wide range of financial transactions using CBDCs and other… Read More

March 21, 2024 @ 11:01 pm By Omar Faridi  |  

Swift announced it has been selected to build a service that will reduce the risk of misdirected payments and increase defenses against payment fraud, providing Australians with more confidence when sending money. Swift, which built and runs the NPP, was chosen by Australian Payments Plus… Read More

December 1, 2023 @ 5:11 pm By JD Alois  |  

Swift says it has finally brought 24/7 global payments to life for transfers destined to Europe. According to a statement by Swift, the European Payment Council’s One-Leg-Out Instant Credit Transfer scheme (OCT Inst), now enables payments to and from Europe to be processed 24 hours… Read More