Tag: swift

SWIFT Network Abused Again By Internet Criminals

For the second time in a few months, the SWIFT payment network has come under attack from hackers. To make matters even worse, a different bank was involved in the process this time, and money has been stolen this time as well. Another SWIFT Attack Targets Commercial Bank This second attack on the SWIFT payment network targeted a commercial bank this time, rather than the central bank of Bangladesh this …
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SWIFT Releases In-Depth Report on Distributed Ledgers

SWIFT has released a 20-page report on Distributed Ledger Technologies (DLTs) that takes a critical look at the current state of the technology as well as the technical and regulatory challenges of implementing DLTs in the financial services space. The report, SWIFT on distributed ledger technologies, was published with assistance from global consulting firm Accenture. The paper breaks down the exploration of DLTs in several sections: governance, data controls, compliance, …
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HSBC Executive and SWIFT Board Member Joins Ripple to Support Continued Global Growth

Payment Technology Veteran Marcus Treacher Named Global Head of Strategic Accounts SAN FRANCISCO & LONDON – Ripple, the global provider of financial settlement solutions, today announced the hire of Marcus Treacher as Global Head of Strategic Accounts. Treacher brings more than 30 years of experience in transaction banking and payment system technology, including 12 years in global leadership roles at HSBC. He also served as a member of the Global Board of SWIFT …
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5 reasons why Bitcoin kicks SWIFT’s ass

5 reasons why Bitcoin kicks SWIFT’s ass There has been a lot of buzz and hype around the fact that Bitcoin is a better payment protocol network than the already established method of cross border payments called, SWIFT. Is it just another smart marketing stunt or is there any truth behind the hype? Let’s examine this for ourselves. First, let’s highlight how both of these payment networks work in order …
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