Swift
Swift is a global member-owned cooperative and the world’s leading provider of secure financial messaging services.
See below for the Latest Swift News, Analysis, Profit Results, Share Price Information, and Commentary.
Financial crimes to continue to squeeze bank profits
Financial crimes to continue to squeeze bank profits
More sophisticated crooks and stricter rules are expected to increase compliance costs.
Asia struggles with G20 payment targets
The ultimate goal is for cross-border payments to achieve “the speed of the internet.”
90% of cross-border payments reach banks within an hour
But transparency remains a challenge for cross-border payment systems.
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1. HSBC appoints Annie Lim as GPB desk head for Singapore 2. HKMA fines CITIC HK$4m over anti-money laundering breaches 3. OCBC to triple quantum workforce to boost security 4. 7 in 10 Singaporeans financially struggle with partners: survey 5. OCBC sets up dedicated teams in Singapore, Malaysia to support SMEsResource Center
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Events
Event News
ABF Retail Banking Awards 2024 Winner: United Overseas Bank Limited
UOB’s Managing Director, Sivea Pascale, discusses how the bank leverages AI-powered technology and strategic partnerships to offer personalized rewards and exclusive experiences.
Commentary
Southeast Asia’s digital banks – the road from good to great
Reshaping fraud detection in Asian finance with knowledge graphs