Latest Updates Around The World
Mumbai: Indian banks have achieved full implementation of SWIFT’s ISO 20022 messaging standard ahead of the November 22 deadline, above the global average of 87%. This achievement follows a joint initiative by the Ministry of Finance and the Reserve Bank of India, which directed banks to accelerate the development of IT systems required to adopt […]
RBI Deputy Governor Rabi Sankar | Photocredit: The Reserve Bank of India (RBI) has so far been in “No Rush” for public launch of Central Bank Digital Currency (CBDC) and focuses on the addition of more layers of user cases and programmability, said deputy Governor t Rabi Sankar on the side line of the Side […]
The most important advantage of Swift is that the existing network can already be used in more than 200 countries Photocredit: suphakit73 Global Financial Messaging Network Swift and more than 30 worldwide banks announced on Monday that they now worked “At Pace” on making cross -border payments immediately and on a system that was able […]
Mumbai: After a joint pressure from the Ministry of Finance and the Reserve Bank of India (RBI), local banks are making the efforts to fully implement the ISO ISO 20022 reports of Swift against the Deadline of 22 November. Not getting the deadline exposes lenders to the risks of payment disruption. According to sources, Indian […]
