23 December 2013

Monte Titoli chooses SWIFT to support its standardisation efforts

Brussels, 23 December 2013 - SWIFT, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, announced today that Italy's central securities depository (CSD) Monte Titoli has selected MyStandards as its platform for standards-related communication to its customers.

SWIFT's web-based collaborative standards management platform will enable Monte Titoli to streamline its management of and communication about user guidelines and message specifications - both ISO 15022 and ISO 20022 - supporting smooth adoption of its services for T2S and underpinning growth of its business with international customers.

Monte Titoli selected MyStandards  following a standards gap analysis project performed by SWIFT consultants, which focused on the Italian depository's use of ISO 15022 and ISO 20022 messaging. Monte Titoli will use MyStandards internally, for future gap analysis and schema definition, and as a single standards publication platform going forward.

Paolo Cittadini, Chief Executive Officer, Monte Titoli, says: "Monte Titoli continues to progress towards the implementation of T2S and the selection of SWIFT's MyStandards will enable us to further streamline and improve the quality of our communications about standards with our existing and future clients."

Alain Raes, Chief Executive, EMEA and Asia Pacific, SWIFT, adds: "We are delighted that Monte Titoli has chosen MyStandards. To be competitive in the T2S world our customers need intelligent tools to enable them to support their communities as they navigate the changing standards landscape. SWIFT's MyStandards is helping a growing number of players to meet this challenge."

For more information on MyStandards visit the website.

 

About SWIFT
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 financial institutions and corporations in 212 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.

For more information, please refer to our website http://www.swift.com or contact:

SWIFT
Press Office
Tel: +32 2 655 3377
pressoffice@swift.com