26 New Corporates Join SWIFT in Asia Pacific
SWIFT for Corporates programme gains momentum in Asia Pacific.
Hong Kong, 4 June 2015 - SWIFT announces that 26 new corporates in Asia Pacific have joined the co-operative from October 2014 to April 2015.
Today, more than 1,450 corporate groups globally, representing over 28,000 underlying legal entities are using SWIFT to manage multiple banking relationships. In Asia Pacific, a growing number of corporates have chosen SWIFT to exchange financial information with their banking partners through one highly secure, standardised communication platform, as opposed to multiple connections. The 26 recent joiners representing eight countries include:
Stella Lim, Head of Corporate Sales, Asia Pacific, at SWIFT, says: "It is impressive to witness the growing number of corporates joining SWIFT hoping to achieve a single, secure communication channel. As corporates expand their business and global footprint, they are increasingly searching for a scalable solution which SWIFT is able to provide. I do look forward to welcoming more corporates into the SWIFT community in the near future."
Sany Group, a global company in the construction machinery industry based in China, commented: "We are consistently working with global customers, expanding our reach to the rest of the world. However, it becomes increasingly challenging to manage the company's cash flow under multiple accounts as our client network expands. Partnering with SWIFT has enabled our business to monitor and process our global cash reserve more efficiently by consolidating all our transactions onto one common, secure, standardised platform. We would highly encourage more Chinese corporates to join the SWIFT community when going global."
SWIFT offers a wide range of products and services for multi-banked corporates, including: Liquidity Management, Cash/Payment Management, Treasury Management, Trade & Supply Chain Finance, and Equity/Commodities Management. By connecting to SWIFT, corporates can enjoy global visibility on cash and trade, lower cost of financial transactions, and improved security and reliability. To learn more about SWIFT for Corporates, please visit http://corporates.swift.com/
SWIFT has been operating in Asia Pacific for over 30 years and currently has nine offices across the region, including, Hong Kong, Singapore, Kuala Lumpur, Seoul, Tokyo, Sydney, Beijing, Shanghai, and Mumbai.
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,800 banking organisations, securities institutions and corporate customers in over 200 countries and territories. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
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