In today’s world, keeping up is not enough. Competition, cost pressures, demands for greater efficiency and higher performance, and evolving regulations trigger new projects that require analysis, design and implementation. To stay on top of your game, you need expert advice from trusted partners who understand your needs and can design and implement the best solution for your business.
At times like these, it’s comforting to know that SWIFT Consulting Services can help. Our consultants have delivered over 500 technical and business projects for nearly 400 clients in more than 75 countries. Every day they help companies like yours reduce costs and risk and enable business growth and regulatory compliance.
Our Consulting Services portfolio has an answer to a wide range of business challenges.
The financial industry faces a growing range of challenges which are putting pressure on operational efficiency, cost control and even on business models. SWIFT has looked at those challenges and suggests ways to address them in different reports articulated around 6 industry topics: sanctions, liquidity management, business relationships, data mining, disaster recovery and cyber crime.
Have a look at those reports, and discover why SWIFT is an ideal partner to help institutions navigate these issues. You will read how we provide expert knowledge through our wide range of consulting services, including benchmarking, operations and technical advisory services.
Integration projects require in-depth technical knowledge of many subjects. By outsourcing all or part of your SWIFT integration projects you can free up those resources to perform value-added tasks to help grow your business. And, depending on your requirements you might be able to benefit from a powerful new integration tool: the Alliance Access Integration Platform.
Recently Lloyds Bank US went live with a solution developed by our Integration Services experts, based on Alliance Access Integration Platform.
Lloyds Bank US had initiated a project related to their sanction screening infrastructure to first rationalise sanction screening implementation across environment and secondly to de-couple the sanction screening infrastructure from the messaging infrastructure.
SWIFT Integration Services experts engaged with Lloyds Bank US to review their current infrastructure, and clarify their requirements. SWIFT proposed a solution based on Alliance Access Integration Platform, to replace the existing ADK component, and communicating with the sanctions filter over MQ. SWIFT developed and implemented the solution. The main benefit for Lloyds Bank US was the short implementation lifecycle. See more.
Because SWIFT is recognised as a company ensuring continued operational excellence, security and resilience and providing 99.999% network availability, SWIFT has developed three new Consulting Services to address specific Operational Excellence related needs: Operational Risk Management, Operational Efficiency, Communication Procedures and Standards.
We understand and recognise that these topics have become bigger priority for Market Infrastructures, due to the 24 CPSS-IOSCO principles for Financial Market Infrastructures.
Additionally, because SWIFT has conducted its self-assessment against the 5 criteria for Critical Service Providers (CSPs), SWIFT can share its experience with the Market Infrastructures and give recommendations on how a Market Infrastructure could assess their own Critical Service Providers.
Contact your local SWIFT office for more information.
Recently SWIFT has assisted a major European corporate with its SWIFT implementation and on-boarding activities. SWIFT worked with the corporate customer to better understand their business and specific activities that need to be performed with each of the cash management banks that they want to implement a SWIFT-based messaging with. SWIFT consulting services experts supported the corporate project manager to meet his challenging timeline.
Thanks to SWIFT Consulting Services team experts, the corporate customer confirmed that they have observed a significant cost reduction in the project, while increasing the value of their SWIFT membership.
Additional services that SWIFT can provide to corporates include technical assistance to design the infrastructure as well as integration services.
For more information, see:
Running your business is a day-to-day challenge, regardless of your outsourcing strategy. Whether you run your own infrastructure on-premises with a technical operations team managing it or you've opted for a shared infrastructure in the cloud, SWIFT has developed a wide range of technical services to further ease your operations, reduce operational risk and increase efficiency.
Our portfolio of services include amongst other things installation or change assistance, turnkey implementation, integration services, TCO analysis, recurring sanity-checks and technical audits.
For more information, see:
Of course, to truly understand the benefits of Consulting Services, you should talk to people who know them best: our customers.
“The SWIFT approach was very professional, well-structured and transparent. As a neutral third party, the SWIFT team have been agents for positive change and have facilitated better communication and cooperation between our Payments and IT teams. They pushed us to meet our deadline for completing the project – which we did.”
Niklas Lemberg, Head of Payments, Aktia Bank
“I was very pleased with the results from the assignment conducted by SWIFT Consulting Services. In a very short timeframe, they went great lengths to provide value to our company.”
Fabrice Denelle, Head of Payments, BPCE
"SWIFT Consulting Services performed a review of – and created documentation for – our new product process, which helped us to identify operational issues and to improve our process. We very much appreciated the professionalism and experience of the SWIFT team to address those issues."
Hans Jörg Schüttler, CEO, IKB Deutsche Industriebank AG
In addition, SWIFT Consulting Services has:
To understand more about the potential for your operations, contact your local SWIFT office.