Treasury Management Internation Logo

Societe Generale Gains Highest Level of Authorisation in SWIFT’s ‘Bank Readiness’

Published 

Boston – Societe Generale has been recognised as a ‘Bank ready for Corporate Access’ having obtained both the ‘entry’ and ‘advanced’ level certification granted by SWIFT. Societe Generale has earned and maintained SWIFT Bank Readiness Certification since the inception of the program in 2011.

This certification is awarded to banks that fulfil a list of criteria on the provision of banking services through SWIFT. The advanced certification requires Societe Generale to be a participant of the Standardised Corporate Environment (SCORE) and to have SWIFT knowledge and trained sales staff.  It also requires Societe Generale to be able to:

  • Receive payment instructions using FIN MT101
  • Send statement messages using FIN MT940 and MT942
  • Send or receive files over FileAct*
  • Provide testing facilities & scripts
  • Provide operational documentation to corporate clients
  • Offer basic commercial documentation
  • Provide a dedicated SWIFT-page on the bank website

The recognition was granted to Societe Generale for its Sogecash SWIFTNet solution. This solution is mainly used by international companies which require a single, standardised and highly-secure solution that enables them to manage their cash and sales flows and to have access to their bank statements.  Societe Generale already has 51 entities around the world which comply with those requirements.

Societe Generale has offered the SWIFT channel for safely exchanging financial information since 2004 and, with 280 Corporate Groups who use the service, is one of the leading global players.

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...

25:12

HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...

16:24

The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...

33:16

HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....

20:58

Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...

34:25

HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...

25:48

Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...

28:21

Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...

16:54

Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...

23:55

Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...

23:55