UAE and Qatar are the most active Middle East countries using the RMB Tracker for direct payments with mainland China and Hong Kong, according to recent Swift data.
Last year, the UAE's use of the RMB accou
SWIFT, a global initiative that connect more than 10,800 banking organisations, has announced that a total of 45 leading banks have signed up to a global payments innovation initiative launched at the end of December 2015.
More than 2,000 financial institutions have signed up for The Know Your Customer (KYC) Registry, SWIFT’s centralised repository which maintains a standardised set of information about financial institutions required for KYC compliance.
SWIFT, a member-owned cooperative for conducting business operations with confidence, has unveiled a global payments innovation initiative to dramatically improve the customer experience in correspondent banking by increasing the speed, transp
SWIFT, a member-owned cooperative for conducting business operations with confidence, has announced an expansion to its financial crime compliance services portfolio with two new services coming in 2016.
Sanctions list management
More than 1,125 financial insitutions have signed up for SWIFT's Know Your Customer (KYC) Registry, a centralised repository that will maintains a standardised set of information about financial institutions required for KYC compliance.
Growth in financial transactions messaging system Swift's traffic volumes in the Middle East and Africa has accelerated by double-digit percentages this year as banks expand rapidly and non-financial institutions join the industry cooperativ
International electronic payment system SWIFT recently organised a 'Know Your Customer' (KYC) roadshow in 10 countries across the Middle East and North Africa (Mena) to look at the impact of KYC regulations on the banking and financial
Iran expects to rejoin the international electronic payment system SWIFT three months after sanctions imposed on it are lifted and it will also become easier for foreign firms to take part in privatisations in Iran, a senior Iranian official sai