SWIFT seeks open-banking network


 

MUMBAI: At a time when Facebook is launching its own currency Libra to make international transactions frictionless, SWIFT - the global cooperative that has been enabling cross-border payments for years - is asking banks to become more open to enable seamless account-to-account transfers. SWIFT has come out with a white paper that will serve as a road map as it prepares for a changing world in payments. Click here for full story