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SWIFT financial messaging service launched in India

Services doesn't facilitate transactions per se, but generates encrypted messages for each deal, minimising chances of fraud

BS Reporter  |  Mumbai 

Financial messaging services provider SWIFT launched its services in India on Thursday, bringing with it a unified messaging protocol that can link banks, financial intermediaries, regulators, and stock exchanges and clearing agencies through one suit that can secure transactions by keeping records in a dematerialised form. While the services do not facilitate transactions per se, it generates encrypted messages for every transactions made, thereby minimising chances of fraud and easy reconciliation of accounts. Newly formed Bandhan Bank, IDFC Bank and Tata Consultancy Services were ...

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SWIFT financial messaging service launched in India

Services doesn't facilitate transactions per se, but generates encrypted messages for each deal, minimising chances of fraud

Services doesn't facilitate transactions per se, but generates encrypted messages for each deal, minimising chances of fraud Financial messaging services provider SWIFT launched its services in India on Thursday, bringing with it a unified messaging protocol that can link banks, financial intermediaries, regulators, and stock exchanges and clearing agencies through one suit that can secure transactions by keeping records in a dematerialised form. While the services do not facilitate transactions per se, it generates encrypted messages for every transactions made, thereby minimising chances of fraud and easy reconciliation of accounts. Newly formed Bandhan Bank, IDFC Bank and Tata Consultancy Services were ... image
Business Standard
177 22

SWIFT financial messaging service launched in India

Services doesn't facilitate transactions per se, but generates encrypted messages for each deal, minimising chances of fraud

Financial messaging services provider SWIFT launched its services in India on Thursday, bringing with it a unified messaging protocol that can link banks, financial intermediaries, regulators, and stock exchanges and clearing agencies through one suit that can secure transactions by keeping records in a dematerialised form. While the services do not facilitate transactions per se, it generates encrypted messages for every transactions made, thereby minimising chances of fraud and easy reconciliation of accounts. Newly formed Bandhan Bank, IDFC Bank and Tata Consultancy Services were ...

image
Business Standard
177 22

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