Introduction In past couple of years SWIFT started taking security more serious than before, SIP (Shared infrastructure Programme which regulates Service Bureaux activities) is becoming more security-oriented as of it’s version 2 and the recent 3, CSP (Customer Security Programme which is intended to become a framework for customers to […]
Dear friends, After a few years of attending the SOFE conference as a participant, this year I will be attending as an exhibitor! I’m part of the Incentage crew and we are eager to show you how our products can enhance your business and operation’s efficiency in financial messaging. I can show you what […]
Netlink has been succesfully providing connectivity to Swift ITB for testing, label qualification, development etc for several years. Typical customers are development teams and vendors who do not want to tie up effort and capitol installing and maintaining their own Swift infra-structure ( Swift VPN, SNL, SAG, SAA, SWP etc […]
Treasury centralization, liquidity management, operational expenditure management, data reference, trade finance, and e-banking have incessantly raised operational challenges for corporations. SWIFT (Society for Worldwide Interbank Financial Telecommunication) and other technology providers have built solutions to address most of the industry’s requirements, improve automation, and advance liquidity and capital management. SWIFT […]
T2S provides a harmonized single platform for all securities transactions in Europe, settled in central bank money. The single platform will hold securities accounts and bank cash accounts, along with connectivity to systems outside T2S i.e. RTGS systems like Target 2. The benefits are intended to be lower cost of […]
I received an unpleasant surprise in Januarys SWIFT invoice! Like every year, SWIFT charged it’s own licence fees (in advance for 2015) and this year we expected an increase due to the new HSM boxes but not an increase of more than 20% compared to last years invoice!! On closer […]
The decision by the ECB (closely followed by the EBA) to migrate TARGET2 and EURO1/STEP1 from SWIFT MT to ISO20022 MX formats was perceived to be forward thinking and potentially driving the payments industry down the ISO20022 path for high value payments (long being the purview of the SWIFT MT […]
The changes to field 59 scheduled next year, and which have been in the public domain for a long period of time have shrouded the recent changes which provide, in my mind, an opportunity for develop the customer relationship. I refer to the new time stamp fields in the MT900 […]
As customary every year I received my invitation to register for the SOFE conference. It’s a particularly good opportunity to meet other SWIFT customers and discuss upcoming changes/improvements to the system. Since I’m participating on behalf of one the Nordics Service Bureaux I tried to register with their BIC but […]
Every institution running SWIFT connectivity, utilising HSM boxes, is required to perform a mandatory action by September 2015. Either; renew existing HSM boxes or migrate to Alliance Remote Gateway I have performed the HSM box renewal process and would like to share my experience.
