Currently the messages MT103 / 103+ are used to effect a customer credit transfer and the MT 202 is used for a financial institution transfer. In order to speed up the payment process for customer ...

Nium has announced an enhancement to its real-time payments network, enabling financial institutions to connect to its network via Swift infrastucture. This move streamlines cross-border transactions, ...

The initiative allows banks to make payments through Nium using their existing Swift capabilities, eliminating the need for complex API integration and lowering cost of cross-border transfers For ...

Swift, in collaboration with the Association of Islamic Banking Institutions Malaysia, or AIBIM, and the Malaysian Islamic financial community, announced that it will launch a new rulebook for the ...