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Society for Worldwide Interbank Financial Telecommunication (SWIFT)

Society for Worldwide Interbank Financial Telecommunication (SWIFT)
The latest news and top stories on Society for Worldwide Interbank Financial Telecommunication (SWIFT). A prominent Belgium-based global member-owned cooperative, SWIFT is dedicated to providing a secure network for financial institutions to exchange information about transactions. Its main areas of focus include secure financial messaging, developing international standards like ISO 20022, and facilitating cross-border payments. Established in 1973, SWIFT is a crucial part of the international financial system, connecting over 11,000 institutions across more than 200 countries and territories, thereby enabling global trade.
Banking & finance

Swift tests blockchain with Ant International and HSBC in cross-border trial

By using the ISO 20022 messaging standard, the partners say they can make tokenised deposits interoperable with legacy systems.

Opinion | Welcome to a world where wars don’t end and sanctions don’t work

videocam

China’s big yuan devaluation sent shock waves 10 years ago – what has changed?

Lessons from the past, and an eye on the yuan’s globalisation, have helped shape a decade-long shift towards mostly market-based pricing for China’s currency.

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