Natixis to be a SWIFT Member/ConcentratorPublished on 19 September 2008 | Back row: André Casterman, Head of France, SWIFT. Michel Barrot, Cash Management, Natixis. Julien Desgres, Natixis. Jean-Charles Bresler, Cash Management and Operations, Natixis. Front row: Olivier Laborde, Cash Management and Operations, Director of Marketing, Natixis. Didier Bruno, Cash Management and Operations, Natixis. Pierre d’Andria, Cash Management and Operations, Natixis | |
French bank Natixis has signed up for the SWIFT Member/Concentrator programme to better serve its corporate customers. “Given the growing demand from French mid-size corporates, we have decided to leverage SWIFTNet and SWIFT’s Member/Concentrator programme to deliver our corporate clients with a completely packaged multi-service offering,” says Didier Bruno, managing director, Cash Management Operations, Natixis.
André Casterman, Head of France, SWIFT adds: "Providing one-stop-shop services to corporates is a key priority for banks. The Member/Concentrator model is a way for banks to integrate the power of SWIFT in their own cash management offerings while benefiting from reduced SWIFT fees.”
A growing number of French banks are expected to start using the Member/Concentrator programme. Many banks are looking to connect to their corporate customers through SWIFTNet to replace the old X.25 ETEBAC platform for corporate-to-bank communication, which is being phased out.
The SWIFT Member/Concentrator programme is a connectivity solution that encourages members to grant access to SWIFT for smaller institutions. It takes care of the SWIFT administration, the connection to SWIFTNet and the transformation of transactions into SWIFT messages on behalf of its customer, and therefore reduces the total cost of ownership for these smaller users.
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