by André Casterman, Global Head of Corporate and Supply Chain Markets, SWIFT
SWIFT first opened its doors to corporations in 1999, and over the 16 years since, the value proposition for corporate users has developed rapidly and radically. At first, corporate access to SWIFT was limited to exchanging confirmations with banking counterparties, and later, a wider range of financial messages such as payments and account statement information. Today, while connectivity remains key to SWIFT’s offering, the value that corporations derive from their relationship from SWIFT extends beyond connectivity, with a diverse and growing range of services.
Secure financial connectivity
Connecting to one or more banking partners through a single, secure and reliable channel is typically the way that corporate treasurers and finance managers first start their relationship with SWIFT. In particular, companies are attracted to greater operational and cost efficiency, better visibility over cash and technical independence from individual banking providers. The value proposition of SWIFT connectivity continues to grow as the range of message types that banks and corporations exchange via SWIFT increases, with a wealth of opportunity across cash, liquidity, treasury, trade and supply chain, and bank account management.