Fundtech and SWIFT Hold Workshop for Japan's Banks
Fundtech, a global transaction banking solutions provider, and SWIFT, a financial messaging consortium, held a joint workshop for Japan’s leading banks in Tokyo on 16 February. Among the bankers in attendance were representatives from the top three Japanese banks, as well as many of the country’s leading technology providers.
The workshop focused on how Japanese banks can become more competitive with other global banks through payments transformation projects that provide multinational corporate users with unified transaction banking services. By deploying a flexible payment services hub based on service-oriented architecture (SOA), along with an integrated global cash management system, Japanese banks will be able to stay competitive with leading global banks that are already moving in this direction.
Yoshimi Tohru, vice president, SWIFT, Japan, said: “I was very impressed by the response of Japan’s leading banks to the topic of our workshop and there is obviously great interest in developing greater competitiveness among the megabanks in Japan as well as internationally. We see great synergy between Fundtech and SWIFT to service the Japanese Market and look forward to working together in the lead up to Sibos Osaka in 2012.”