We simplify the complexity of multi-banking for corporates
You send and receive payments worldwide, so you need a single channel to connect to all your banking partners
Reach all your payment banks through a single channel
You use multiple-banks. And you need a single way to do business.
Doing the best for your business means working with the right partners. So when it comes to payments, you may be working with different banks in different markets and geographies.
But being multi-banked can add complexity and cost to your operations because of different systems, security protocols, formats and processes for each of these partners. It can also reduce visibility across your cash positions and increase operational risks because data becomes fragmented and inconsistent.
With our solutions for corporates you can reach financial institutions worldwide through one reliable channel, using global messaging standards and common formats and processes. Our messaging services carry your bulk payment files or individual payments securely and efficiently, ensuring error-free straight through processing and timely reconciliation. You can also receive standardised account reporting giving you centralised visibility across all your accounts.
And our connectivity solutions are bank-neutral, giving you the flexibility to work with the partners you choose.
SWIFT Corporate Solutions at Sibos 2017
Unlocking efficiency for multi-banked corporates
Join us at Sibos to explore the challenges faced by corporates and banks. This year’s sessions will look at the latest in trade finance digitisation, how FinTech can impact on trade and supply chains, enhancing cross-border payments, and the future of corporate banking as shaped by corporate treasurers and CFOs. The programme will also cover global standards in treasury and trade and corporate-to-bank connectivity innovations.
Learn about the different ways you can connect to your banks through SWIFT
Simplify the complexity of multi-banking
- Standardise the way you connect and communicate with banking partners
- Gain visibility of cash positions across your business
- Increase STP through enhanced automation
Using different banks’ services based on geographic scope and specialist expertise can bring benefits. But integrating multiple banking systems into your back office can be costly and labour-intensive, adding complexity and potential risk into your financial processes.
Secure Financial Messaging
Our FIN messaging service
FIN carries 22.3+ million structured financial messages per day, securely and reliably. It’s depended upon by corporates, FIs and market infrastructures worldwide.
FileAct for bulk payments and file transfer
Our file transfer solution is ideal for sending large files of structured messages including bulk payments, operational data or reports.
Interfaces and Integration
A low cost, low footprint option for connecting over SWIFT
Alliance Lite2 is our cloud based connectivity option. It’s keenly priced and very easy to implement, while giving you full access to our messaging solutions and other services.
Customer-owned infrastructure tailored to your needs
Multinational corporations with high transaction volumes or specific security requirements may select a customer-owned infrastructure that is operational on your premises and tailored to your needs.
Compliance and Shared Services
Manage reference data efficiently with SWIFTRef for Manners
SWIFTRef is a single online source of high-quality reference data. Use it to avoid payment failures and delays through incorrect SSIs or counterparty data.
MyStandards is a collaborative online platform. It helps you manage and coordinate standards use across your business and with banking partners.
Our training opportunities for corporates
To help you get familiar with SWIFT's solutions for corporates and put SWIFT Standards for corporate-to-bank traffic into practice, SWIFT Training offers a suite of training courses. You can choose between several delivery channels and we can also design courses tailored to your specific needs.
Optimise your treasury and cash management processes by adopting industry best practices for bank connectivity with the help of our consultants.
Why choose SWIFT to connect to your banking partners?
- Secure and reliable corporate connectivity
- Global messaging standards ensure interoperability
- Cost-effective straight through processing