By eliminating redundant systems and streamlining payment architecture, the bank will achieve significant cost efficiencies while modernising its infrastructure to meet the evolving needs of its ...

SWIFT, the global bank messaging network, has announced plans to launch a new platform within the next one to two years. This platform will connect the emerging central bank digital currencies ...

The E.U. is considering disconnecting around 15 Russian banks from the international SWIFT banking system as part of its 16th sanctions package against Russia, Bloomberg reports, citing sources ...

The bloc is also proposing restrictions on more software, hardware and other technologies used in weapons systems.

SWIFT stated the move was made as the banks were “no longer ... In February, a UN report claimed Pyongyang had been using the international banking system to proliferate its nuclear weapons for years.

SWIFT – Society for Worldwide Interbank Financial Telecommunication – was set up in 1973 as a secure messaging system that allows around 11,000 financial institutions to clear payments.

UK Defence Secretary Ben Wallace says the government wants to throw Russia out of the Swift banking system. The Princess of Wales has made a personal visit to thank staff at the hospital where she ...

Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook. The post Costs from acquisitions, rapid growth weigh on Knight-Swift’s Q4 appeared ...

In addition to the SWIFT restrictions, the EU is also considering a phased ban on Russian aluminum imports and sanctions on ...