Thousands of banks use SWIFT to increase their reach, achieve operational cost efficiencies and enhance their customer service in payments, trade, treasury and securities services.
They also use SWIFT to comply with new regulation like SEPA, sanctions screening, BCBS intraday liquidity reporting, OTC derivatives, as well capture new opportunities from policy liberalisation initiatives like RMB internationalisation.
Banks also increasingly use SWIFT’s business intelligence to act faster and perform better.
Finally, SWIFT provides thought leadership and facilitates industry discussion around key topics affecting the banking industry.
Here is an overview of SWIFT’s value proposition for banks: