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Banking Industry Solutions

Benefits of SWIFT Implementation

  • Secured Data Transfer- Increases security by protecting against
    internal and external fraud
  • Ensures guaranteed delivery of messages
  • Reduces the risk of human failure
  • Long term cost benefits
  • Compliance (less control points, less documentation) and
  • Improved control over the payment initiation process
  • Compliance to UCITS IV Regulatory requirements (European Union Directive)
  • Technology Benefits
  • Generic data mapping XML in SWIFT encoding
  • Easy to Introduce new MTxxx XML structure
  • Easy to Introduce new SWIFT responses
  • Caching in SWIFT processor web service
  • Code re-usability
  • Decreased Time to Market