LONDON/CHICAGO (Reuters) - Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to ...

SWIFT handles +44 million transfers, also called encrypted messages, daily. It is the most used system to transfer funds globally. Whether you're a finance professional or simply someone who ...

SWIFT continues to roll out new company-focused initiatives as its corporate user-base grows. As SWIFT’s corporate membership figures rise—the number currently stands at around 970–the bank-owned ...

IFSCA has directed IFSC Banking Units to clearly include GIFT IFSC Banking Unit in their SWIFT BIC names to avoid misrouting of cross-border remittances. Compliance reporting is mandatory by June 30, ...