Correspondent banks are a key part of cross-border payments facilitating the flow of trade between different jurisdictions.
TFG’s Deepesh Patel interviewed the new VP to learn what led her to BAFT, her view on fighting financial crime, and her insights into the progress made in the payments space.
On Wednesday, the Russian gas exporter and bank Gazprom suspended gas flows to Poland and Bulgaria as the firm did not receive payment from the countries in roubles.
Your Monday morning coffee briefing from TFG: World’s first: SME lending returned to pre-pandemic levels in 2021, but regions still playing catch-up to London, says latest British Business Bank report.
Russia may be facing a lock out from SWIFT, but are there alternative systems that are ready for action, asks Susana Dominguez of Mercury TFS.
With Visa and Mastercard leaving Russia due to its aggression in Ukraine, Russia has turned to China’s UnionPay as a payments lifeline, writes TFG’s Lewis Evans
Among our top stories: Going nuclear – SWIFT ban to hamper Russian trade
The US and its Western allies have ramped up harsh economic sanctions against Russia, as it continues to attack Ukraine
In this article, ITFA’s Andre Casterman reveals the secret ingredients of fintech success
Your Monday morning coffee briefing from TFG: COP26 gets underway, with a Denmark-led agreement on low-carbon shipping, and a UK emissions disclosure agreement in the making.
It’s around two weeks until the SWIFT Standards Release 2021, which is one of the items seemingly on everyone’s lips.
If your work involves international trade transactions, you will find that one of the most common and useful SWIFT Codes that you will encounter is SWIFT code MT 754.
Banks and fintechs have not always been the closest playmates, but ITFA’s Andre Casterman is on a mission to help them work together.
SWIFT is a communication platform that allows members to connect and exchange financial messages securely and reliably.
Partnership with SWIFT enables integrated cross-border payments tracking