SWIFT has developed new solutions to help meet these various urgent challenges. SWIFTNet Bulk Payments, SWIFTNet Cash Reporting and SWIFTNet Exceptions and Investigations together aim to cover the needs across the transaction life-cycle from payment initiation and processing to reporting, exceptions and investigations. Interoperability is also guaranteed across the market players: corporates, commercial banks, central banks and market infrastructures.

A combination of all the SWIFTSolutions for Payments and Cash Management will dramatically improve end-to-end straight-through processing, leading not only to large cost reductions but also to higher levels of customer satisfaction.

SWIFTSolutions for Payments Clearing provide messaging solutions for high and low value clearing and settlement systems worldwide and respond to the market infrastructure need to have secure, reliable and proven messaging solutions provided by a trusted third party.

SWIFTSolutions for Corporates help banks to focus more on their customers’ business needs and less on daily operational issues. SWIFTNet, the single window they use to communicate with their correspondents, can also be used to deliver services to their corporate customers. From the corporates point of view, they gain a highly secure, integrated and standardised channel which they can use to communicate to their banks globally.