/biz/ - Business & Finance

https://blogs.oracle.com/financialservices/driving-payments-innovation-through-swift-gpi-universal-confirmations

Oracle Banking Payments for gpi is designed to be deployed as an active layer to meet gpi needs on top of an existing core banking solution or payments hub. Alternately, banks can move the complete payments into one enterprise-level solution that caters to multiple countries, multiple underlying core banking systems for SWIFT gpi, and local payments.

Additionally, Oracle Banking Payments for gpi:

is compliant with the SWIFT Rulebook 2020 and has been SWIFT gpi attested since 2019
ensures accelerated go to market with new features, including additional gpi preferences around bilateral agreements and smart match of incoming gpi confirmations against outbound/pass through and queue-based workflows for investigations and exceptions
provides an early-adopter advantage and lower total cost of ownership with a solution that supports ISO20022 rich data and APIs for digital overlays
>has a blockchain adapter to future-proof the bank for SWIFT’s ambitious modernization plans

>>17498636
>he assets pledged serve as collateral for DMM and are
secured through a first lien, senior-secured position (meaning it is above all other rights and
have first priority in the event of lack of payment). If income payments produced by the loans
are not met, the secured asset can be sold to recover the capital and add collateral back to the
system.

Jesus christ the SWIFT prison planet memes weren't a joke. What have we done.

>>12966573
>No legit company would actually partner with or mention a scam ICO like chainlink.

My cousin works as a marketing director at Swift in Miami and just got out of their year end meeting. One of the items that they talk about is upcoming projects Apparently their New York branch is going to be opening a dedicated blockchain division working on getting US banks to adopt their new blockchain tech. Pretty big news for such an essential finance company fully adopting crypto technology.

http://www.reuters.com/article/us-cyber-heist-nepal/nepal-bank-latest-victim-in-heists-targeting-swift-system-idUSKBN1D71Y7

"Swift has concluded that it’s “crucial” that integration with legacy back-office applications and co-existence with existing processes are taken into account."