SWIFT The global provider of secure financial
messaging services

 

Reaching your counterparties

SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect to over 9,000 banking organisations, securities institutions and corporate customers in more than 200 countries. Direct access to SWIFT enables you to exchange standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies thanks to automation. SWIFT also brings the financial community together to collaboratively shape market practice, define standards and debate issues of mutual interest.

Using SWIFT, you can enjoy these benefits:

  • Extended reach: with your unique SWIFT Identifier - Bank Identifier Code (BIC) - you get direct access to the worldwide financial community and become a visible party in the end-to-end transaction chain. You also reduce the potential risk of working with a unique correspondent by having alternative providers that you can reach cost effectively.
  • Improved customer service: you get an end-to-end view on payment transactions and enquiries which eliminates the “black hole” issue for yourself and your customers. You can achieve a shorter payments cycle and an expedited resolution of your enquiries.
  • Improved operational efficiency: by connecting directly to SWIFT, you have a secure gateway to the financial community worldwide. You keep network connectivity, security and running costs to a minimum. And by using SWIFT’s message standards and market practice developed together with the community, you ensure straight-through processing.

A full set of easy, low cost connectivity options – adapted to your needs – is available.

To find out who is connected to SWIFT (financial institutions and BICs), you can use this simple and free online tool.

For further details please contact your Regional Account Manager or e-mail swiftforbanks@swift.com.

More information