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Articles related to "swift"


SWIFT Is Trialing a New Payment System to Take on Fintechs and Blockchain Tech

  • The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced its decision to launch a pilot Global Payment Initiative (GPI) service which aims to compete with the growing threat of competing blockchain and fintech solutions provided by institutions like Ripple, JP Morgan and Transferwise.
  • Equipped to enable speedy identification and elimination of errors and omissions in payment data such as missing or incorrect beneficiary information or incomplete regulatory information, SWIFT hopes the GPI payments service will enable speedy and seamless transactions, thereby reducing delays and costs, as well as improving customer experience.
  • With its membership still growing, IIN promises banks the ability to resolve errors and compliance issues speedily by sharing information on a mutual distributed ledger.
  • SWIFT’s GPI, on the other hand, uses an Application Programming Interface (API) which enables banks to access each other’s data to validate recipient account information before payment is processed, thereby avoiding errors and delays.

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Here's what the cast of 'Mary Queen of Scots' looks like in real life

  • Mary was the Queen of Scotland and cousin of Queen Elizabeth I, who ruled over England and Ireland.
  • Elizabeth ruled over England and Ireland until her death at 69.
  • She was succeeded by her cousin Mary's son, James VI.
  • He was Mary's cousin and the father of her son, James VI.
  • The 27-year-old actor made his film debut in "Billy Lynn's Long Halftime Walk." In 2018, he also starred in "Operation Finale," "The Favourite," and "Boy Erased." He's currently dating Taylor Swift.
  • He served as the secretary of state twice and convinced Queen Elizabeth to go through with Mary's execution.
  • It was rumored that the two were more than friends and Rizzio was murdered in the queen's presence.
  • The 29-year-old Scottish actor was in "Star Wars: The Force Awakens" and starred in "Angels in America" on Broadway.

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Recurse Center: The return statement (2015)

  • led me down a path into learning more about networking, and when I got lost in the weeds, bringing a new friend onto the project (Nat) led us to finish it out in just one week.
  • Seminars (or “workshops” that sometimes spanned many sessions) provided a space to not only learn new things with a group of likeminded people, for me they also represented a space to learn outside of my own projects, or when I was between them, or when I got stuck.
  • When everyone’s working on different things, theoretically checkins are supposed to share that information, but I didn’t get as much out of them as I got out of the serendipitous conversations in the kitchen while I was making tea.

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Repl.it Multiplayer

  • Introducing Multiplayer: code with friends in the same editor, execute programs in the same interpreter, interact with the same terminal, chat in the IDE, edit files and share the same system resources, and ship applications from the same interface!
  • As part of our interview process at Repl.it (work with us) we have a phone screen where we hop on a Multiplayer session with a candidate and work on some coding problems together.
  • The fact that it's shared repl allows the interviewer to write test cases for the candidate's program to verify its validity.
  • We spent a lot of time trying to make the underlying system resources work in multiplayer mode because we think this feature, in the future, might transcend our websites and work with other IDEs and on different platforms.

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SWIFT is fighting back against cross-border payments challengers

  • Nonetheless, inadequacies in the existing system have seen a multitude of offerings from fintechs and incumbents emerge, including Ripple and the Interbank Information Network (IIN) spearheaded by JPMorgan Chase with participation from over 130 banks.
  • This blockchain-based platform gives all participants real-time access to the information shared on the distributed ledger.
  • Moreover, given that banks are increasingly broadening their use of APIs — not least for customer data-sharing driven by open banking — the system could offer much easier implementation than a blockchain-based solution.
  • JPMorgan's participation in SWIFT's pilot, despite leading the IIN initiative, implies it's hedging its bets over the possibility that the API-based alternative could hold more promise.
  • As such, SWIFT's pilot is likely driven by banks looking to curb costs and compete better with fintechs — UK-based money transfer firm TransferWise typically charges 1% for transfers, compared with average cross-border transfer costs of 7%, per the World Bank.

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