SWIFT for banks
Benefits
- Reduce costs
- Mitigate risk
- Create new revenue streams
|
SWIFT was formed more than 35 years ago by, 239 banks in 15 countries. Today, meeting the operational requirements of banks remains a core focus for us.
We can help address some of your key business drivers, including: |
The need to reduce costs: payment and cash management businesses (except in Asia) are growing slowly and revenue per transaction is declining. SWIFT provides reach, reusability and standardisation to help reduce your costs.
The need to reduce fraud and risk: you are facing new regulation and industry initiatives such as SEPA and TARGET2 which demand high investments and squeeze margins. SWIFT can help with the regulation and we offer security and reliability to help you reduce your operational risk.
The ability to create new revenue streams: as commoditisation continues, one way you can distinguish yourself in the market is through superior customer service. SWIFT supports this with solutions like Exceptions and Investigations and Workers’ Remittances.
Globalisation of the supply chain: you need cross border payments and trade finance solutions. SWIFT offers both, including the industry-leading Trade Service Utility.
What can I do with my SWIFT connection?
How can I connect to — and make the most of — SWIFT?
|
