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Time to Look at SWIFT: Has the Tipping Point Been Reached?

by Linda Haddad, Global Integration Product Manager, Bank of America Merrill Lynch

Many new developments have driven up the interest in SWIFT membership for corporates. More industry expertise and collaboration, cheaper access options, and the promise of new integrated solutions have led to increased demand.

Corporate interest in SWIFT connectivity is at an all-time high. Once seen as an option suitable only for a handful of corporations large enough to justify the costs, over 1,000 companies are now connected to SWIFT – and demand continues to rise. But what is driving this interest and how are companies migrating to SWIFT in practice?

Drivers

The current surge in interest is being driven by a number of factors. For one, the cost barrier to adoption has all but been eliminated in the last couple of years.