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

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

The banking industry's march to ISO 20022 compliance by a November deadline has been sluggish, but the messaging organization isn't budging.

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

India is urging the FATF to ease compliance rules for cross-border payments made via its UPI, aiming to enhance the global ...

Trump’s tariff programmes will only succeed in increasing inflation globally and, critically, shifting trade away from the US ...

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 ...

With much fanfare, the U.S. on March 25 announced it had brokered an agreement between Russia and Ukraine to "eliminate 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 ...

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