Research

SWIFT Institute sponsored research freely available for you to disseminate as you like.

Mapping the Shadow Payment System

Institution(s): Cornell University, Oxford University

by Dan Awrey, Kristin van Zwieten

Recent years have witnessed the emergence and rapid growth of a large, diverse, and constantly evolving shadow payment system. The shadow payment platforms (SPPs) that populate this system perform many...

A Cyber Security Agenda for India’s Digital Payment System

Institution(s): Gateway House

by Sagnik Chakraborty, Sameer Patil

In the span of a mere decade, the Indian economy has gone from being cash-based to being heavily reliant on digital payment systems. This transition has been driven by domestic...

Cyber Resilience and Financial Organizations: A Capacity-building Tool Box

Institution(s): Carnegie Endowment for International Peace

by Kathryn Taylor, Tim Maurer

The SWIFT Institute awarded a grant to the Carnegie Endowment for International Peace to create a toolkit to help financial institutions enhance their cyber security. The result is the Cyber...

Public-Private Partnerships to Disrupt Financial Crime: An Exploratory Study of Australia’s FINTEL Alliance

Institution(s): Australian Strategic Policy Institute, Department of Home Affairs (Australian Government)

by Paula Chadderton, SImon Norton

This paper examines whether a partnership comprising public and private sector organisations (PPP) can improve information sharing between those sectors and be effective in combating money laundering and terrorism financing-related...

Piloting the Exchange of Insider Threat Reports: Information Sharing Challenges to Proactive Cyber Fraud Identification

Institution(s): American University, Citibank

by Casey D. Evans, Elizabeth M. Petrie

This paper builds on previous SWIFT Institute research (Sharing Insider Threat Indicators: Examining the Potential Use of SWIFT’s Messaging Platform to Combat Cyber Fraud) which proposed a protocol for sharing...

Transatlantic Extraterritoriality and the Regulation of Derivatives

Institution(s): Aston Business School

by Stuart Weinstein

Transatlantic Extraterritoriality and the Regulation of Derivatives:  The need for an integrated approach between Washington and Brussels, the uncertainties of Brexit and new directions in the US This paper examines...

Quo Vadis? A Comparison of the Fintech Revolution in China and the West

Institution(s): Albers School of Business and Economics Seattle University, Hanken School of Economics

by Bonnie G. Buchanan, Cathy Xuying Cao

This research compares the evolution of Fintech in China with three Western markets (US, UK and Sweden). The countries chosen represent very different legal (common versus civil law) and cultural...

The Future of Correspondent Banking Cross-border Payments

Institution(s): Cass Business School at City College London, TIAS School for Business and Society

by Barbara Casu, Ruth Wandhofer

This paper explores whether and how technological innovation, in conjunction with policy measures, can improve the process of correspondent banking cross-border payments. The paper builds on the empirical validation of...

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