SWIFT News

SWIFT, or a Society for Worldwide Interbank Financial Telecommunication, is a co-operative organization that is the provider of the SWIFT network — a standard for exchanging transaction information between financial institutions. SWIFT was founded in 1973 in Belgium. SWIFT is currently used by most international banks and is famous for its secure and trusted network. That being said, SWIFT has its flaws and is investing in the further development the system. With multiple blockchain competitor companies like Ripple, which plans to speed up and establish the highest level of security in banking transactions, SWIFT is actively working on implementing blockchain technology into their protocol. SWIFT’s blockchain tests have already been conducted and have showed very good results. However, SWIFT’s team concluded that distributed ledger technology should be improved in order for it to be implemented into the international banking system.

Proxeus, IBM Register A Business On Blockchain In ‘Record Setting’ Time

APR 09, 2018 | by Molly Jane Zuckerman

Proxeus, IBM Switzerland, and other partners prove the ability of Blockchain to register businesses faster than the traditional system.

19344 |

SWIFT’s Blockchain Pilot For Bank-To-Bank Transfers Went ‘Extremely Well’

MAR 08, 2018 | by Molly Jane Zuckerman

A report on SWIFT’s test program of DLT technology for Nostro account reconciliation has been published, DLT technology shows “fantastic progress.”

32924 | 11

New Blockchain VER-sion of FinTech

NOV 14, 2017 | by Jon Buck

The NAGA Group is bringing Blockchain technology to the FinTech world.

13006 | 4

Microsoft CEO Issues Blockchain Challenge to Interbank Messaging Service Swift

OCT 22, 2017 | by Lisa Froelings

Microsoft CEO challenges Swift to develop ‘useful’ applications of Blockchain technology.

32597 | 8

Banks Need ‘Hybrid Approach to Blockchain Technology’: Ripple’s Marcus Treacher

JUL 12, 2017 | by Shivdeep Dhaliwal

Ripple, which touts itself as the “Global Settlement Network” and has been involved with various banks to move money around the world, has its own ideas about h...

17820 | 8

Hyperledger Formally Launches First Product, Fabric 1.0

JUL 12, 2017 | by William Suberg

Hyperledger has released the Fabric 1.0, the first version of its flagship business Blockchain solution.

8296 |

SWIFT Hyperledger-Backed Blockchain Project Nets 22 More Banks

JUL 07, 2017 | by William Suberg

SWIFT’s Blockchain settlement project has gained 22 more ‘tester’ banks before development e...

15158 | 6

Altcoin Ripple 13% Surge Gets Investors Forecasting Breakout

JUN 20, 2017 | by William Suberg

Excitement is on the horizon as the altcoin Ripple climbs 13% in 24 hours, yet the company appears surprised.

40740 | 2

SWIFT to Use Hyperledger for Joint Blockchain Payments Project

APR 25, 2017 | by William Suberg

Hyperledger is the platform of choice for a joint Blockchain initiative by SWIFT and a selection of major banks.

6441 | 3

US Spooks Compromised SWIFT Banking Network: Hackers Group

APR 16, 2017 | by Shivdeep Dhaliwal

A group of hackers called Shadow Brokers reveals the NSA likely hacked into SWIFT and knew about compromises in Microsoft Windows.

7223 |

SWIFT 2.0? Ripple Signs Major Banks to Blockchain Payments Deal

SEP 23, 2016 | by Evander Smart

Today, Ripple announced that they have struck a first-of-its-kind accord, with several major banking interests to created the GPSG, or the Global Payments Steer...

958 | 3

SWIFT Fears Bitcoin? Institute Asks if Bitcoin Threatens Paper Money

SEP 07, 2016 | by Evander Smart

Could Bitcoin run the world in the future? SWIFT studied the idea in-depth.

769 | 7

Clients Receive Warning from SWIFT, May Relocate Bank Users to Bitcoin

SEP 01, 2016 | by Joseph Young

SWIFT revealed that banks with weak security systems have been compromised by hackers after the US$81 million Bangladesh Bank heist in February.

449 | 2

Blockchain Revolution: 3 African Startups to Watch in 2016

MAY 13, 2016 | by Olusegun Ogundeji

African blockchain-related startups will pitch new products at SWIFT African Regional Conference in Mauritius on May 18.

478 |

Bank’s Swift Server Hacked Highlighting Superiority of Bitcoin’s Blockchain Approach

APR 26, 2016 | by Andrew Quentson

Swift, the international settlement network which connects 11,000 global banks has likely been hacked according to a report by BAE Systems.

984 |

Altcoin Ripple 13% Surge Gets Investors Forecasting Breakout

JUN 20, 2017 | by William Suberg

Excitement is on the horizon as the altcoin Ripple climbs 13% in 24 hours, yet the company appears surprised.

40740 | 2

SWIFT’s Blockchain Pilot For Bank-To-Bank Transfers Went ‘Extremely Well’

MAR 08, 2018 | by Molly Jane Zuckerman

A report on SWIFT’s test program of DLT technology for Nostro account reconciliation has been published, DLT technology shows “fantastic progress.”

32924 | 11

Microsoft CEO Issues Blockchain Challenge to Interbank Messaging Service Swift

OCT 22, 2017 | by Lisa Froelings

Microsoft CEO challenges Swift to develop ‘useful’ applications of Blockchain technology.

32597 | 8

Proxeus, IBM Register A Business On Blockchain In ‘Record Setting’ Time

APR 09, 2018 | by Molly Jane Zuckerman

Proxeus, IBM Switzerland, and other partners prove the ability of Blockchain to register businesses faster than the traditional system.

19344 |

Banks Need ‘Hybrid Approach to Blockchain Technology’: Ripple’s Marcus Treacher

JUL 12, 2017 | by Shivdeep Dhaliwal

Ripple, which touts itself as the “Global Settlement Network” and has been involved with various banks to move money around the world, has its own ideas about h...

17820 | 8

SWIFT Hyperledger-Backed Blockchain Project Nets 22 More Banks

JUL 07, 2017 | by William Suberg

SWIFT’s Blockchain settlement project has gained 22 more ‘tester’ banks before development e...

15158 | 6

New Blockchain VER-sion of FinTech

NOV 14, 2017 | by Jon Buck

The NAGA Group is bringing Blockchain technology to the FinTech world.

13006 | 4

Hyperledger Formally Launches First Product, Fabric 1.0

JUL 12, 2017 | by William Suberg

Hyperledger has released the Fabric 1.0, the first version of its flagship business Blockchain solution.

8296 |

US Spooks Compromised SWIFT Banking Network: Hackers Group

APR 16, 2017 | by Shivdeep Dhaliwal

A group of hackers called Shadow Brokers reveals the NSA likely hacked into SWIFT and knew about compromises in Microsoft Windows.

7223 |

SWIFT to Use Hyperledger for Joint Blockchain Payments Project

APR 25, 2017 | by William Suberg

Hyperledger is the platform of choice for a joint Blockchain initiative by SWIFT and a selection of major banks.

6441 | 3

Bank’s Swift Server Hacked Highlighting Superiority of Bitcoin’s Blockchain Approach

APR 26, 2016 | by Andrew Quentson

Swift, the international settlement network which connects 11,000 global banks has likely been hacked according to a report by BAE Systems.

984 |

SWIFT 2.0? Ripple Signs Major Banks to Blockchain Payments Deal

SEP 23, 2016 | by Evander Smart

Today, Ripple announced that they have struck a first-of-its-kind accord, with several major banking interests to created the GPSG, or the Global Payments Steer...

958 | 3

Belize-based Digital Currency Exchanger Enables Instant Payments From Over 400 Banks in Europe

OCT 03, 2014 | by Diana Ngo

Belizean cryptocurrency exchange platform 247exchange.com adds Sofort Banking as one of its payment methods, allowing its customers to make instant purchases of...

869 |

SWIFT Fears Bitcoin? Institute Asks if Bitcoin Threatens Paper Money

SEP 07, 2016 | by Evander Smart

Could Bitcoin run the world in the future? SWIFT studied the idea in-depth.

769 | 7

Blockchain Revolution: 3 African Startups to Watch in 2016

MAY 13, 2016 | by Olusegun Ogundeji

African blockchain-related startups will pitch new products at SWIFT African Regional Conference in Mauritius on May 18.

478 |

SWIFT’s Blockchain Pilot For Bank-To-Bank Transfers Went ‘Extremely Well’

MAR 08, 2018 | by Molly Jane Zuckerman

A report on SWIFT’s test program of DLT technology for Nostro account reconciliation has been published, DLT technology shows “fantastic progress.”

32924 | 11

Banks Need ‘Hybrid Approach to Blockchain Technology’: Ripple’s Marcus Treacher

JUL 12, 2017 | by Shivdeep Dhaliwal

Ripple, which touts itself as the “Global Settlement Network” and has been involved with various banks to move money around the world, has its own ideas about h...

17820 | 8

Microsoft CEO Issues Blockchain Challenge to Interbank Messaging Service Swift

OCT 22, 2017 | by Lisa Froelings

Microsoft CEO challenges Swift to develop ‘useful’ applications of Blockchain technology.

32597 | 8

SWIFT Fears Bitcoin? Institute Asks if Bitcoin Threatens Paper Money

SEP 07, 2016 | by Evander Smart

Could Bitcoin run the world in the future? SWIFT studied the idea in-depth.

769 | 7

SWIFT Hyperledger-Backed Blockchain Project Nets 22 More Banks

JUL 07, 2017 | by William Suberg

SWIFT’s Blockchain settlement project has gained 22 more ‘tester’ banks before development e...

15158 | 6

New Blockchain VER-sion of FinTech

NOV 14, 2017 | by Jon Buck

The NAGA Group is bringing Blockchain technology to the FinTech world.

13006 | 4

SWIFT 2.0? Ripple Signs Major Banks to Blockchain Payments Deal

SEP 23, 2016 | by Evander Smart

Today, Ripple announced that they have struck a first-of-its-kind accord, with several major banking interests to created the GPSG, or the Global Payments Steer...

958 | 3

SWIFT to Use Hyperledger for Joint Blockchain Payments Project

APR 25, 2017 | by William Suberg

Hyperledger is the platform of choice for a joint Blockchain initiative by SWIFT and a selection of major banks.

6441 | 3

Clients Receive Warning from SWIFT, May Relocate Bank Users to Bitcoin

SEP 01, 2016 | by Joseph Young

SWIFT revealed that banks with weak security systems have been compromised by hackers after the US$81 million Bangladesh Bank heist in February.

449 | 2

Altcoin Ripple 13% Surge Gets Investors Forecasting Breakout

JUN 20, 2017 | by William Suberg

Excitement is on the horizon as the altcoin Ripple climbs 13% in 24 hours, yet the company appears surprised.

40740 | 2

Inadequate Education Affects Virtual Currency Market In Nigeria

MAR 03, 2016 | by Iyke Aru

Cointelegraph spoke with the founder of Swift eCurrency about various aspects of the virtual currency market in Nigeria.

177 | 1