Standard Life Selects Bottomline Technologies for SWIFT Connectivity
Standard Life has selected Bottomline to provide software-as-a-service (SaaS)-based connectivity to the SWIFT Network for exchanging financial messages to minimise operational risk, improve efficiency and reduce costs.
Bottomline’s SWIFT Access Service offers connectivity to the SWIFT network, helping corporations and financial institutions to streamline their payments processes and achieve lower costs, improve straight-through processing (STP), tighten security and lessen operational risk in their cash management strategy. As a cloud-based SaaS solution, the platform brings rapid implementation and return on investment without requiring the customer to host software, develop costly internal infrastructure or hire internal SWIFT experts.
Having previously hosted its own SWIFT infrastructure, Standard Life selected Bottomline for their technical expertise and deep understanding of SWIFT connectivity and proven infrastructure.
“We are excited to build upon our long history with Bottomline. For years we have worked with the company’s experienced SWIFT consultants to ensure that our SWIFT operations ran smoothly,” said Scott Innes, technical solutions designer at Standard Life. “We look forward to working with Bottomline as our SWIFT Access Service provider. They not only understand the technical aspects of SWIFT, but have deep expertise in treasury and cash management services, so they know our business challenges and how to overcome them.”