CCN on MSN

Goodbye MT Format—SWIFT Retires Legacy Payments in Favor of Blockchain-Friendly ISO 20022

SWIFT sunsetted the MT (Message Type) format for financial messaging on Saturday, Nov. 22. Having migrated to ISO 20022, ...
NBC Washington

What Is the SWIFT Banking System That Could Be Used as Sanction Against Russia?

President Joe Biden unveiled new sanctions against Russia on Thursday in response to President Vladimir Putin's decision to invade Ukraine, and said that collectively, they will be "more consequential ...
CNET

What is SWIFT and How Is It Being Used Against Russia?

Peter is a writer and editor for the CNET How-To team. He has been covering technology, software, finance, sports and video games since working for @Home Network and Excite in the 1990s. Peter managed ...
Regtechtimes on MSN

West blocks SWIFT — Russia unleashes a secret fintech war to keep its money flowing

Almost four years after the Kremlin’s war on Ukraine began, many Russians have adapted to life without the SWIFT banking and payment system. Several major banks were cut off from SWIFT in 2022 under ...
NBC News

U.S., allies agree to limit Russia's access to SWIFT banking system

The United States and its allies announced an agreement on Saturday to take aim at Russia through SWIFT, a service that facilitates global transactions among thousands of financial institutions. "We ...
Bloomberg L.P.

Central Banks Should Build Post-SWIFT Highways

Even without the war in Ukraine, correspondent banking using the SWIFT messaging system was going downhill. By cutting off some Russian lenders’ access to the communication channel, politicians have ...