[ad_1]
Swift CEO announces his decision to leave the board by June 2019
Gottfried Leibbrandt it was the Swift CEO in the last 6 years, helping the organization to expand its global financial services over the years. However, it seems that Leibbrandt has decided to do so take a new path in your career, announcing that he would no longer be in this position by June of next year. Originally he joined Swift in July 2012, making his seven-year period with the company when it comes out.
In the announcement, the former CEO of the upcoming release commented on the time spent with SWIFT, which in an acronym for "International Interbank Financial Communications Company. "He said,
"Swift has a very different form than seven years ago.There will always be a time to deliver the kingdoms and write a new chapter.I think it's really the right time."
In recent years, the use of cryptocurrency and blockchain technology has offered new opportunities to improve cross-border payments. Ripple Labs, for example, was founded around the same time as Swift, and they managed to create a payment protocol that earned him recognition in the mainstream media, along with multiple partnerships. They even managed to offer their payment services for financial institutions and global banks. Furthermore, their innovative nature has actually outperformed Swift's performance this year.
fast two years ago he met some unrest, causing them to realize the need for higher security protocols. In 2016, the company suffered a loss of $ 1 million on hand cyber criminals, who sent false instructions through Swift to a federal bank in New York. In the theft, the criminals managed to persuade the bank to send them the funds of the Bangladesh Central Bank to the accounts established in the Philippines.
Although the criminals managed to get five of their transactions through 35 fraudulent attempts, the CEO has decided to use this problem to create a modernization program as a solution. One of the efforts involved a new global payment innovation system, tracking down transactions without slowing them down.
Discussing the progress monitoring, the Quick team He said,
"The Tracker database, in the Cloud but securely hosted in SWIFT, provides end-to-end visibility into the status of a payment transaction from the time it is sent and until it is confirmed. Tracker to check the status of payments sent, those in progress and those received. "
[ad_2]Source link
