The blockchain is well suited to corporate action processing, which has traditionally required significant manual effort and been rife with errors, because it creates transparency and traceability of data across a shared network.  Ubiquitous bank-to-bank messaging platform Swift successfully trialed a blockchain-based application that it says could save the securities industry time and money.   Working […]

SWIFT mines its vast data flows to detect and flag the most common cause of cross-border payment delays: Errors in payee information. This capability is made possible thanks to SWIFT’s near-ubiquity as a bank-to-bank messaging platform, underscoring the benefits of analyzing massive datasets. In its quest to enable real-time international payments, SWIFT has launched a […]