The SWIFT Customer Security Programme EXPLAINED!

Anybody that uses SWIFT will have heard about the SWIFT Customer Security Programme, and in this post i will cover the main things you need to know. Right now, the SWIFT Customer Security Programme (CSP) is being validated and SWIFT are inviting the SWIFT community to give their feedback on the programme with a view ...

10 Things Ginni Rometty (IBM) Taught Me about Future Tech 2

At Sibos one of the most prominent keynote speeches was that by the IBM Chairman, President and CEO Ginni Rometty. Ginni covered a lot of ground during her speech and i must admit it was pretty interesting! Following is a recap of the key themes that i took away from the discussion. 1. Financial Services ...

15 Unmissable Financial Services Graphics by Innotribe

Probably THE most fascinating stream at Sibos last week was everything happening at Innotribe! The folks from Innotribe covered all things innovation related, and the sessions were both informative and thought provoking. From the usual themes such as blockchain, disruption, fintech through to a musical jacket. It was simply brilliant. The Innotribe team around their ...

10 Brilliant Tweets That Sum Up Sibos 2016 1

Last week over 8300 delegates attended Sibos 2016 in Geneva, Switzerland. There were loads of forums, debates and payments related sessions covering a variety of topics across the finance industry. As i scanned twitter for Sibos 2016 some interesting themes emerged and i thought i would share these in this post. If you were at Sibos ...

Sibos 2016 – A Day by Day Guide for Payments Peeps 1

For those lucky enough to attend Sibos 2016 in Geneva, i have outlined what i think are some pretty interesting sessions over the 4 day SWIFT conference. But before diving into the details, i would recommend checking out my Sibos Infographic and 5 Tips For Newbies posts! It is worth noting the: Sibos conference is ...

Is Your SWIFT Service Bureau On The List? If not, WHY Not?

The other day i was updating the post A News Bulletin Overview of the SWIFT Related Hacks, and started reading up about the Vietnam hack. The interesting thing about the Vietnam Tien Phong Bank hack was that the fraudulent transfers were routed through an external or third party provider used by the bank to connect ...

7 Ripple Reasons Why the SWIFT GPII Ain’t Good Enough 11

I’m trying to get to grips with all things payments and blockchain related at the moment, and this quest has sent me in various directions. One emerging Fintech company thats fast occupying both the payments and distributed ledger space is Ripple. More on them later. But for now, i wanted to cover a couple of ...

List of the NCC – National Clearing Codes 1

In the post a Simple Guide to the SWIFT MT101 Format there is reference to tag 57 – Account with Institution. On the whole, you should use 57A which requires the BIC value. But for some domestic transactions you need to use the 57C option, and must indicate the National Clearing Code. Sometimes if you wish ...

List of MT940 Transaction Type Identification Codes

One of the most popular posts on this blog is the MT940 Format Overview. The Mt940 overview has prompted all kinds of questions and one of the most recurring requests is for a list of the Transaction Type codes – the official term for these are the SWIFT Transaction Type Identification Codes or sometimes they are ...

“Sometimes it takes a crisis” – SWIFT CEO on Cyber Security 2

You may have guessed by now that i am pretty interested in SWIFT, and was particularly keen to hear what the SWIFT CEO (Gottfried Leibbrandt) would cover in a speech he gave to a Financial Services Conference in Brussels yesterday. Following the revelations from the recent SWIFT related hacks there was a greater degree of ...