Manage your bank accounts effectively via a single platform
Reduce costs with economies of scale
Global security standards
Global Visibility of Cash: Receive end-of- day or intra-day reporting directly from all your banks, increasing funds visibility and control.
*Over 8,500 financial institutions in more than 200 countries worldwide have joined the service.
Lower Cost of Transactions: SWIFT allows for channel rationalization, a single channel versus a multitude of different channels. Additionally, content standardization via SWIFT enables a significant increase in straight-through-processing (STP) and therefore staff productivity gains, for example by eliminating the need to re-key payments.
Improve Security/Reliability: Payment initiations and authorizations within a single platform are easier to control than multiple platforms. In some cases, SWIFT’s 99.999% network availability is important to prevent corporates experience occasional e-banking downtime.
Compliance: For corporates under stringent regulations, using one single interface significantly reduces the administration work required to document and keep up-to- date with banking communications.