Industry SectorsFinancial ServicesSWIFT Promises BI Solution for Securities Markets

SWIFT Promises BI Solution for Securities Markets

SWIFT is to introduce Watch for Securities, a business intelligence (BI) solution to help securities market participants to monitor and gain business insights from their network traffic.

Announcing the launch on the first day of the Sibos conference in Boston, the financial messaging services provider said that the Watch for Securities offering is expected to go live in Q1 of 2015, with an early adopter programme planned for the end of 2014.

SWIFT said that built on a secure and single online platform, Watch for Securities provides consolidated access to monthly aggregated global, regional and country level data for securities messages. It offers highly reliable data that institutions can use to adjust their systems and focus their activities.

The solution can also be used for a number of purposes including benchmarking and analysis of market trends, activity share and operational indicators. Initially, Watch for Securities will cover asset servicing and settlement messages for equities and fixed income markets.

“The securities industry is a fast moving market,” said Fabian Vandenreydt, head of markets management, Innotribe and the SWIFT Institute at SWIFT. “Access to aggregated settlement and asset servicing information can help reduce risk and cost and help identify new opportunities for growth.”

Targeted towards local and global custodians, universal banks and asset managers, Watch for Securities is designed for SWIFT customers operating in domestic and cross border markets.

“Typically these institutions will have a certain view and level of information about their securities traffic and flows, but are not always able to leverage or consolidate meaningful intelligence from the data,” SWIFT noted.

Related Articles

The Treasury Challenge of a Post-Merger Integration

EEA The Treasury Challenge of a Post-Merger Integration

6m BELLIN
PSD2: dull name, but seismic effect

Clearing & Settlement PSD2: dull name, but seismic effect

6m Alex Kwiatkowski
2017's most read: Correspondent banking: still in rude health?

Bank Relationships 2017's most read: Correspondent banking: still in rude health?

7m Henry Balani
2017's most read: The future of cash management: the single multi-currency virtual account

Accounts Payable 2017's most read: The future of cash management: the single multi-currency virtual account

7m Matthew Fuellhart
2017's most read: Open API: unlocking innovative new services in banking

Automation 2017's most read: Open API: unlocking innovative new services in banking

7m Lu Zurawski
Many bank roles to be automated but 98% positive about robotics at work

Automation Many bank roles to be automated but 98% positive about robotics at work

10m Victoria Beckett
The future of banking: it’s all about sharing

Automation The future of banking: it’s all about sharing

11m Edward Berks
Falcon Private Bank expands virtual currency services

Financial Services Falcon Private Bank expands virtual currency services

11m GTNews