Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.
January 27, 2023The guidelines and associated reporting requirements will take effect on 1 April 2024, incorporating the UTI and CDE.
December 12, 2022Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.
December 1, 2022Swift , was recognised for best solution in payments fraud prevention at Regulation Asia's 5th annual awards ceremony.
November 22, 2022Congressional advisory body USCC says a new committee should be formed to develop options to respond to possible hostile action by China against Taiwan.
November 18, 2022Participants include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, US Bank, Wells Fargo, SETL, Digital Asset, AWS, SWIFT, Sullivan & Cromwell, and Deloitte.
November 17, 2022GLEIF will publish new open-source relationship files monthly which will map Market Identifier Codes pertaining to legal entities to the corresponding LEIs.
November 16, 2022Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.
November 4, 2022The new start date is aligned with the ECB's decision to delay the launch of T2. The new 20 March 2023 start date is "definitive", SWIFT said.
October 28, 2022The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.
October 21, 2022