SWIFT for Corporates
Through Fundtech’s SWIFT ServiceBureau, corporates now have access to a cost-effective connection to the SWIFT messaging network. The service is a complete interbank solution that is centrally operated, eliminating the need for significant investment in hardware or software. Installation is quick and easy.
Both corporates and their banks will benefit by processing transactions in an STP environment, with fewer interfaces to enterprise resource planning (ERP) systems and other in-house applications. Fundtech’s SWIFT ServiceBureau is the world’s largest, currently serving over 100 financial institutions. Corporate access to the SWIFTNet is made possible through SWIFT’s Member Administered Closed User Groups (MA-CUG).
Business Benefits
- Fundtech's service bureau is an efficient way for corporations to connect to their Banks via SWIFT.
|
Key Features
- Manages all conversions and interface connections for the bank
- Future SWIFT upgrades are included in the service offering
- Ability to outsource all operations and maintenance
- Real-time cash reporting
- Realization of a high degree of automation and expansion of STP
|
IT Benefits
- Fully redundant system with failover mechanisms in production and the supplementary recovery center
- Helpdesk, hotline, and Fundtech training center available whenever you need IT
- Cost reduction for development, operation and maintenance of proprietary, electronic communication channels
|
Key Features
- Manages all conversions and interface connections for the bank
- Future SWIFT upgrades are included in the service offering
- Ability to outsource all operations and maintenance
- Real-time cash reporting
- Realization of a high degree of automation and expansion of STP
|
Operational Benefits
- Significantly lower up-front and ongoing costs through outsourcing
- Tailored, client-specific integration (ERP, reconciliation, etc.)
- Payment transaction and analysis of cash assets
- Real-time messaging increases treasury management efficiency
|
Key Features
- Manages all conversions and interface connections for the bank
- Future SWIFT upgrades are included in the service offering
- Ability to outsource all operations and maintenance
- Real-time cash reporting
- Realization of a high degree of automation and expansion of STP
|
