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Understanding SWIFT/BIC Codes and Their Role in International Transfers

If you have a bank account, you’ve probably heard of a routing number. But if you’re making international money transfers, you may have to use a SWIFT code. Read on to learn about SWIFT codes and ...
Reuters

Special Report: Cyber thieves exploit banks' faith in SWIFT transfer network

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 ...
Yahoo Finance

Blockchains Were Meant to Replace SWIFT, But Now the Organization Is Building its Own

SWIFT's blockchain proposal might not make Ripple or Stellar redundant, but it could throw cold water on their plans for global adoption. | Credit: Pexels. Key Takeaways Payment-focused blockchains ...
CoinDesk

SWIFT Is Partnering With Chainlink: Here’s the Down-low on the Blockchain Data Provider

SWIFT and Chainlink’s “love story” began years ago when Sergey Nazarov, Chainlink’s co-founder, won its blockchain start-up competition. “You were actually one of the first startups that we bet on,” ...
Reuters

Russian bank Tinkoff suspends outgoing FX SWIFT transfers until October

MOSCOW, July 6 (Reuters) - Russian online bank Tinkoff on Wednesday said it was suspending outgoing SWIFT transfers in foreign currencies until Oct. 1 after admitting it had struggled with such ...