BankingCorporate to Bank RelationshipsSWIFT Reaches 1,000 Corporates Mark

SWIFT Reaches 1,000 Corporates Mark

SWIFT said that its corporate treasury user community has surpassed 1,000 corporations for the first time. This is still well below the target SWIFT set itself of 5,000 corporates by 2015.

The financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories added that there has been a rise in the number of corporates in Asia-Pacific joining SWIFT and this is the fastest growing region in terms of traffic. Samsung SDI, NTT Data Corporation, Toshiba and Rakuten are four of the corporations to have recently connected to SWIFT.

“We are proud to have reached the significant milestone of 1,000 corporates connected to SWIFT,” said SWIFT chief executive officer (CEO), Gottfried Leibbrandt. “We continue to evolve our offering for corporates, to ensure it brings value for the largest companies but also the smaller and mid-sized corporations that are increasingly benefiting from SWIFT to streamline their interactions with their banks. In line with our 2015 strategy, we look forward to welcoming many more corporates on to SWIFT in order to help them reduce their costs and risk, and increase operational efficiency and visibility in their treasury operations.”

Related Articles

“Banks must prepare for API unknowns”

Open Banking “Banks must prepare for API unknowns”

2d Michael McCaw
Denizen CEO: Borderless approach key to post-Brexit financial services

Banking Denizen CEO: Borderless approach key to post-Brexit financial services

2d David Beach
Open banking: the unfinished revolution

Banking Open banking: the unfinished revolution

4d Jo Howes
PSD2 is helping banks adapt to a more secure, customer-centric environment

Banking PSD2 is helping banks adapt to a more secure, customer-centric environment

7d Emilie Casteran
Scaling your payments with APIs

Open Banking Scaling your payments with APIs

2w Karthik Ravichander
Is Ripple a threat to SWIFT gpi's monopoly on cross-border payments?

Banking Is Ripple a threat to SWIFT gpi's monopoly on cross-border payments?

4w Victoria Beckett
Cashless economy puts financial inclusion at risk

Banking Risk Management Cashless economy puts financial inclusion at risk

4w Benjamin Anderson
Digitization and the role of the digital treasurer – part 1

Banking Digitization and the role of the digital treasurer – part 1

4w Victor Penna