Markets
The SMA Financial bureau supports a multitude of different financial markets, with customers from securities, treasury & derivatives, payments & cash management, and trade services industries. With more non-FSA regulated firms joining SWIFT in recent years, the bureau has provided a fast track to improved efficiency and reduced cost for payments processors and money transmitters. The value-add services such as sanction list checking are also a benefit to non-financial institutions, who now find themselves regulated.
Banks
The first customer to connect to SWIFT via the SMA Financial Bureau was a new start-up bank in the UK. Other new banks have since joined SWIFT on the Bureau for a fast-track, trouble-free implementation of FIN and other services. Some existing SWIFT users have switched from a direct connection to the Bureau in order to simplify or improve their business processing. more...
Securities
Investment Management institutions play a large part in SWIFT’s traffic and also is the major growth area for SWIFT. A wide cross-section of securities players rely on the SMA Financial Bureau to reduce the complexity, risk and cost of their equities & fixed income and investment funds transactions – from trade order through to settlement and custody services. more...
Corporates
With SWIFT opening its doors to corporate access, many new institutions are looking to for single window SWIFT connectivity to consolidate their banking links, and improve processing and treasury management. Many new corporates connecting to SWIFT are finding that the SMA Financial Bureau provides a straightforward and stress-free route to STP. more...
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