Information for banks

While SWIFT provides standardised access to the financial community, banks provide financial services to their corporate customers. Click here for a sample list of banks that provide corporate access over SWIFT.

The services currently provided include treasury management, cash management, investigations and exception and trade services. In addition, a number of new services like bank reporting in ISO 20022 format and electronic bank account management are under development.

The benefits banks experience in providing these services to their customers are clear:

1. Ability to respond to corporates’ demand
Many RFPs from large corporates now include a reference to SWIFT, as a requirement for multi-bank connectivity.

2. Focus on value-added services
Instead of investing time/resources in the development of proprietary connectivity interfaces, banks can focus on selling value-added services.

3. Opportunity to capture additional flows/clients
By pro-actively promoting SWIFT, banks have captured new clients or additional flows.

4. Positions the bank as innovator
By providing treasury and cash management services over SWIFT, banks are perceived as drivers of innovation by corporates.

Bank case studies

	“Barclays has a clear strategy regarding SWIFT. We use it as a channel to provide corporate clients with the leading-edge services they require.” [PDF]
	“SWIFT is a key component in our client channel strategy, providing an innovative and quality offering for large corporates as well as mid-cap customers.” [PDF]
	“SWIFT is a key building block for HSBC as a global transaction bank, bringing clear benefits for customers and for the bank.” [PDF]
	“UniCredit fully supports SWIFT for its corporate customers, enabling them to connect to any of their banking partners via one single access.A corporate treasurer's dream come true.” [PDF]

SWIFT works in close co-operation with banks who wish to deploy their services over SWIFT, by providing a “bank readiness” programme. If as a bank you are interested in this programme, please contact us.

Corporate access providers Discover SWIFT for corporates