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SWIFT

10 Fastest Internet Providers in Nigeria Ranked

Internet and connectivity speed tester Ookla has released its market analysis for Nigeria, ranking the country’s fastest internet service providers (ISPs). The analysis only takes into account top providers of internet services in the country, ones which account for 3%...

Blockchain standards are highly fragmented-Gartner reveals

The 2019 Gartner IT Symposium/Xpo, currently taking place in Cape Town from 16 to 18 September, revealed that lack of interoperability standards will prevent pervasive blockchain deployment across financial services ecosystems for at least three years. “Blockchain standards for financial...

SWIFT publishes new API standard for Pre-authorisation of funds

SWIFT has published a new API standard for the Pre-authorisation of funds, which allows the payer’s bank to earmark funds for a purchase in advance, guaranteeing that the future payment will be honoured. This is the second of SWIFT’s Open...

SWIFT to open gpi to e-commerce

SWIFT announces a proof of concept (PoC) to trial gpi Link, a gateway to interlink e-commerce and trading platforms with SWIFT gpi – the new standard in cross-border payments. gpi Link will seamlessly connect gpi members to multiple trade platforms...

Corporates pilot to start testing new multi-bank payments tracking on SWIFT gpi

SWIFT, along with a number of corporates and banks, announced plans to start testing an enhanced multi-bank standard to further improve the cross-border payments experience for multi-banked corporates. This enhanced standard, designed and built in conjunction with 10 multinational...

Study shows that intra-Africa payments clearing and trade is increasing

Research conducted by SWIFT indicates that intra-Africa payments clearing and trade is on the rise. SWIFT’s “Africa Payments: Insights into African Transaction Flows” further indicates that there has been a reduction in the number of foreign correspondent banking relationships...

African banks to become more competitive with SWIFT gpi

5 African banks have signed up to SWIFT’s global payments innovation (gpi) service, the new standard for cross-border payments. Of these, four are already live – Standard Bank of South Africa, FirstRand Bank, ABSA Bank and Nedbank - and many...

Two fintech startups win SWIFT’s global gpi industry challenge

SWIFT, a provider of secure financial messaging services has awarded two fintech startups the opportunity to work with the co-operative and gpi banks over a three-month period to further enhance cross-border payments, leveraging on SWIFT gpi. The two startups will...

More global banks leverage blockchain

SWIFT has announced today that 22 additional global banks have joined its blockchain proof of concept (PoC), designed to validate whether the technology can help banks reconcile their international nostro accounts in real time. The PoC is part of...

Will the face of development change?

Until very recently, developing native mobile applications meant having an iOS team who coded in Objective C and an Android team who developed in Java. Stark differences between the two ecosystems and the languages themselves meant there were few...
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ISPA’s Effective Mediation Process and Trust

Around 90% of disputes filed with ISPA- Internet Service Providers' Association by South African internet consumers find resolution through...
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