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Fundtech to Deliver SWIFT Corporate Access Briefings in 2007

Tuesday 10 October 2006 16:44 CET | News

Fundtech will host a series of educational briefing sessions in 2007. These sessions aim to raise corporate treasurers awareness of the benefits to establishing connections with their banks through SWIFTNet, SWIFT’s Internet Protocol (IP) messaging platform.

At the seminars, Fundtech, in their continuing support of SWIFTs corporate access plan, will convey the technology challenges and implementation options available to corporations. Corporations will be better equipped to make a decision based on the needs of their organisation - this is possible by comparing the benefits of establishing an in-house SWIFT infrastructure, versus outsourcing this activity to a SWIFT service bureau. Corporates can now communicate securely with multiple banks through SWIFTNet, using common messaging standards. This presents the opportunity corporates have been waiting for - to move away from maintaining an array of proprietary banking connections and to streamline corporate-to-bank communication through a single interface. Currently corporates, with numerous bank connections that utilize multiple ERP systems, are struggling to gain transparency into their true financial position. The briefings will take place in Mumbai, New York and Zurich in 2007. A white paper, titled Moving SWIFT Corporate Access Forward: Benefits and Connection Choices for New Users, will be given to each participant. The sessions will be hosted by speakers from SWIFT and Fundtech and feature keynote speeches from banks.


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Categories: Payments & Commerce
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