SWIFT SWIFT Global Cash Management / Daily Cash Management/ Trade Finance / Risk and Control / (Management) Reporting and Analytics Company description SWIFT is a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. More than 11,000 financial institutions and corporations in over 200 countries trust SWIFT every day to exchange millions of standardised financial messages. Product description Bank connectivity and a portfolio of value add services for corporates. SWIFT replaces multiple banking systems with a single, bank-neutral channel. This means that treasurers and finance managers can connect with their banks worldwide in a consistent way using industry-recognised standards. This is particularly important for companies seeking to manage their counterparty risk effectively, expand their business both domestically and internationally, and integrate mergers and acquisitions quickly. By standardising the flow, format and content of communications with banking partners, corporations can automate financial processes thereby gaining efficiency and effectively managing risk. Functionalities A view on additional value add solutions for Corporates SWIFT Integration Packages: A suite of middleware that enables the link between SWIFT’s network and the customer’s back office, to complete the loop in financial transaction processing. SWIFTRef: A comprehensive single source of bank reference data which corporates need for a flawless payments process and accurate regulatory reporting. MyStandards: Used worldwide to accelerate bank onboarding or other transformation projects. MyStandards is a web application where banks document all their messaging specifications in a common language so that corporates can test online in realtime with instant response against bank specifications. Compliance: A comprehensive set of solutions aimed at solving corporates financial compliance needs. Achievements Over 2,000 Corporate groups use SWIFT to communicate with their banks over the secure and standardised network for: Streamlined and automated corporate business flows; Central global visibility on cash and trade. Scan to go to the website 1973 La Hulpe, Belgium Cooperative "SWIFT's network was unique in extending across our geographic footprint. SWIFT is a reliable, well-established solution provider that enabled a common approach to bank communication globally." SWIFT customer. 50 TREASURY SOLUTIONS 2019 SWIFT
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