SWIFT handles +44 million transfers, also called encrypted messages, daily. It is the most used system to transfer funds globally. Whether you're a finance professional or simply someone who ...

What is the SWIFT banking system? How would countries remove Russia from it? What effect would that have? The European Union announced Wednesday that it will bar seven key Russian banks from using the ...

As President Biden and other world leaders mull additional sanctions against Russia over its decision to invade Ukraine, one of the most severe proposals would sever the Kremlin’s access to the SWIFT ...

(Reuters) - SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers on Monday that it was aware of "a number of recent cyber incidents" where ...