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.
SWIFT cites high cost of splintered financial world
SWIFT cites high cost of splintered financial world
Many digital payment platforms remain disconnected from each other.
1 day ago
Financial fragmentation threatens bank profits and lending
Globally, it can lead to nearly 280 million fewer jobs by 2030.
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. Hang Seng unveils MTR Jordan Station Retail Banking Centre 2. Malaysia fines Maybank Islamic for info submission lapses 3. HSBC Malaysia penalized $690,000 for customer screening non-compliance 4. HSBC, Allianz Life launch wealth growth and life protection plan in Malaysia 5. OCBC, Ant Int’t to deliver embedded financial services to Indonesian SMEsResource Center
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?