India is asking the Financial Action Task Force (FATF), a global money-laundering watchdog, to reduce compliance requirements ...

BRICS continues to develop a cross-border payment system that could ultimately accelerate de-dollarization and create ...

Swift is continuing to prepare a contingency solution that will convert legacy message formats to ISO 20022 systems after the deadline if need be. This will end a period of co-existence between ISO ...

The world is already moving towards a multicurrency system as financial technologies evolve and China pushes the yuan, ...

The Biden administration helped lead the push to remove some of Russia’s largest banks from SWIFT, an international system that allows financial institutions from all over the world to communicate ...

The BRICS economic bloc, comprising Brazil, Russia, India, China, and South Africa, has been accelerating efforts to ...

As FedWire becomes the latest ISO 20022 migration to get pushed back, Vantage Bank and Wings Credit Union discuss the ...

Founded in 1973, SWIFT remains the backbone of cross-border payments. SWIFT is nothing more than a messaging system that enables banks to communicate around transactions. It was never designed to ...

Russia said Monday that it expects the U.S. to ease certain sanctions as part of an agreement for a limited ceasefire with ...

Building a financial infrastructure is very important for the development of trade and the economies of our countries," says ...