NEW YORK -- As Western allies levy increasingly harsher economic sanctions against Russia for its invasion of Ukraine, the latest target involves Russia's access to SWIFT. An acronym for Society for ...

President Joe Biden unveiled new sanctions against Russia on Thursday in response to President Vladimir Putin's decision to invade Ukraine, and said that collectively, they will be "more consequential ...

Citi and Swift have concluded a joint test that demonstrated the ability to settle both fiat and digital currencies simultaneously using a Payment-versus-Payment (PvP) model. The trial, conducted ...

April 25 (Reuters) - The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial ...

Cross-border payments keep the world connected, fueling everything from international trade to daily transactions. However, in the rapidly developing world, traditional systems like SWIFT might find ...