UniCredit integrates SWIFT interface in new electronic banking application

Published on 18 September 2008
Left to right: Franz Zahn, Director e-banking, UniCredit Group. Thomas Keim, Senior Account Director, Central Europe, SWIFT. Gisela Helms, Deputy Director SWIFT Products, UniCredit Group. Russell Jones, Head of Germany, SWIFT. Markus Strussfeld, Head of Cash Management, UniCredit Group
 
European banking group UniCredit has launched a new electronic banking application with an integrated SWIFTNet Link interface. This will enable the bank’s selected small-to-medium-sized corporate clients to exchange messages with their banks worldwide via SWIFT.

According to Franz Zahn, managing director, head of global e-banking development, UniCredit, a particular benefit is the broadening of small-to-medium-sized corporate clients’ bank connectivity from the local to the international level.

Another benefit is the ease of connectivity to SWIFT for corporates. They will not need to use any additional SWIFT infrastructure. In the past, SWIFT connectivity to banks globally has been the preserve of large corporates, but this will make it easy for even small and mid-sized firms to benefit from SWIFT connectivity.