What exactly is the SWIFT banking system? It allows financial institutions around the world to communicate quickly and efficiently. Seven Russian banks are being banned from the system.

The IFSC codes for erstwhile Syndicate Bank customers will be changed from July 1 this year. The bank was merged with Canara Bank in April 2020 as part of a slew of bank mergers undertaken by the ...

Some financial analysts have likened ousting Russia from SWIFT as a “nuclear option,” and would be an unprecedented move against one of the world’s largest economies.

Some financial analysts have likened ousting Russia from SWIFT as a “nuclear option,” and would be an unprecedented move against one of the world’s largest economies.

The SWIFT system could be used in a sanction against Russia with the country being removed from the financial system. What is SWIFT and what effect would this have?

SWIFT has admitted that cyberattacks leveraging the banking messaging system and poor local security have grown worldwide and asked for vigilance against threats which are "here to stay." On ...

Some financial analysts have likened ousting Russia from SWIFT as a “nuclear option,” and would be an unprecedented move against one of the world’s largest economies.

Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system ...

Supported by Swift’s infrastructure, Ant International, a global Fintech provider, and Standard Chartered Bank have launched live production trials for a ...

Swift code to be discontinued Canara Bank also announced the discontinuation of the current swift code being used by the erstwhile Syndicate Bank customers for foreign exchange transactions.