Swift

The race to connect smart contracts to the real world

08/07/17

A San Francisco startup working with Swift plans to launch a network that would tie self-executing contracts to independent data sources.

[more]

Ripple vs. Swift rivalry heats up; banking may be ultimate winner

04/26/17

The global messaging network Swift and its fintech challenger, Ripple, have been vying for bankers’ hearts and minds for more than a year. Whoever prevails, their latest moves could bring needed change to how international banking is done.

[more]

Alleged NSA hack of Swift service bureau revives ‘back door’ debate

04/17/17

Leaked documents appear to show NSA analysts were able to hack into Middle Eastern banks’ servers through the Swift service bureau EastNets. The same tools could conceivably be used by cybercriminals and nation-states with more sinister motives.

[more]

Swift introduces real-time payment controls to tighten noose on fraud

04/12/17

The new controls include transaction-screening parameters users may adjust to their own risk and compliance policies.

[more]

Swift exec Marjan Delatinne defects to Ripple

04/12/17

The move is noteworthy because Delatinne had led customer engagement for Swift’s global payments innovation initiative, with which Ripple’s cross-border payment system competes.

[more]

Banks begin using Swift's upgraded cross-border payments platform

02/16/17

A dozen global transaction banks are now using the Society for Worldwide Interbank Financial Telecommunication's new global payments initiative service to improve cross-border payment delivery.

[more]

Swift considers blockchain test for foreign account reconciliation

01/12/17

The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency.

[more]

Swift Energy Co., Shale Oil Driller, Files for Chapter 11 Bankruptcy in Delaware

01/04/16

Swift Energy Co. (“Swift”) has become the latest U.S. shale driller to file for Chapter 11 bankruptcy, filing a voluntary petition on December 31, 2015.  Swift pumps oil in the Eagle Ford Shale in South Texas and in Louisiana fields.

[more]