26 August 2015

SWIFT Business Intelligence reaches another milestone

10 years of analysis and business expertise to the financial community

Launched in 2005, SWIFT's Business Intelligence (BI) portfolio encompasses a complete suite of intuitive tools including analytics, insights, consulting services and economic indicators designed to grow with customers' business needs. Based on SWIFT message flows, SWIFT's BI solutions provide timely, transparent, and ready-to-use market information about customers' message flows, including payments, securities, treasury and trade finance. This insight can be immediately consumed and is used by financial institutions to better manage costs and risks, look at market trends, benchmark or detect new product/country opportunities. It is also key in driving customer strategy, ultimately leading to better informed business decisions.

"Analytics is undeniably a strategic priority for many financial institutions," says Astrid Thorsen, Head of Business Intelligence Solutions at SWIFT. "Struggling with massive volumes of unorganised data, many financial institutions are turning to SWIFT Business Intelligence for structured, neutral and ready-to-use data from which meaningful business insights can be drawn. SWIFT has come a long way in the last 10 years, providing compelling business intelligence solutions to help customers drive their business. We look forward to the next 10 years with the ambition of providing cutting-edge business insights with state-of-the-art features and functionalities."

To celebrate 10 years of BI, SWIFT is offering customers a series of free product trials for its Watch portfolio.
Find out more

BI 10 YearsTo celebrate 10 years of BI, SWIFT is offering its customers a series of free product trials for its Watch portfolio, a set of online reporting and analytical tools. Started in June, the first phase is available to customers using Watch Volume Analytics (which provides financial institutions with a view of their traffic volumes sent and received over SWIFT). These customers receive four free months of Watch Value Analytics, a module that allows customers to look further into their institution's message content to better understand the value behind transactional activity and analyse their currency usage. In a second phase, which will run later this year, SWIFT will offer Watch Value Analytics customers four months of free access to Watch Value Analytics Premium,
a new module that provides advanced business insights on payments and trade finance flows giving a competitive advantage to product and sales managers in driving their operations and establishing strategic directions.

Through the free trials our customers now have the opportunity to test more advanced products that are core to our Watch portfolio.

— Stephen Gilderdale, Head of New Business Development, SWIFT

"Through the free trials, our customers now have the opportunity to test more advanced products that are core to our Watch portfolio," says Stephen Gilderdale, Head of New Business Development, SWIFT. "The newly expanded scope of these tools supports financial institutions' business development activities across multiple market segments and geographies. We have great ambitions for SWIFT in this space and will continue to invest in these tools and business insights to support the industry's evolving requirements for timely and transparent market information."

In June 2015, SWIFT went live with its first service for securities, Watch for Securities, a new business intelligence solution that helps securities market participants to monitor and gain valuable business insights from their key settlement and asset servicing flows extracted from SWIFT message traffic. Additional portfolio enhancements will follow in the coming months including SWIFT Scope for Intraday Liquidity Management and for Central banks, enriched BI Consulting Services and the launch of Watch Value Analytics Premium.

Find out more and join SWIFT BI at Sibos Singapore 2015.