Swift

FT investigation exposes $6.9B Russian sanctions evasion through global banks

A Kremlin-backed fintech company called A7 used forged invoices, shell companies, and an industrial-scale document forgery operation to funnel more than $6.9 billion through the international banking system despite Western sanctions on Russia, according to a Financial Times investigation published…

BNP Paribas, HSBC complete first corporate payment on Swift’s blockchain ledger

BNP Paribas and HSBC have completed the first live corporate treasury payment on Swift's blockchain-based shared ledger, moving funds for Siemens from a euro account in France to a sterling account in the United Kingdom. The cross-currency transaction, announced on…

HSBC, Standard Chartered complete first live Swift blockchain transaction

HSBC and Standard Chartered have completed the first live interbank tokenised deposit transaction using Swift's blockchain-based ledger, a milestone in efforts to integrate digital money into mainstream banking infrastructure.

Emirates NBD goes live on blockchain payments as Swift, US banks push digital rails

A series of moves by major financial institutions in recent days signals that blockchain-based payments are shifting from pilot projects to live infrastructure. Swift announced on July 9 that its blockchain-based shared ledger is ready for initial use, while Emirates…

Swift launches blockchain ledger as BRICS Pay eyes September rollout

The race to reshape global cross-border payments is accelerating on two fronts. The BRICS bloc is pushing toward an operational launch of BRICS Pay at the 18th leaders' summit in New Delhi, scheduled for September 12-13, even as SWIFT unveiled…

Swift activates blockchain ledger for 24/7 payments

SWIFT announced on Wednesday that its blockchain-based ledger is ready for initial use, with 17 major banks from six continents preparing to pilot live cross-border payments using tokenized deposits — a move that could reshape how money moves between countries…