SWIFT Service Bureau

For many organisations, cost-saving options are restricted by regulatory or security obligations – especially in the financial messaging environment. One cost-saving option is already exploited by organisations with relatively large volumes of critical SWIFT traffic. Our White Paper - Secure Cost Savings - discusses issues that should be addressed in selecting a SWIFT Service Bureau.

The SWIFT question to be addressed by both existing and new members, is whether direct access or third party service bureau access to SWIFTNet is the best option. In the past, direct access appealed to organisations wanting to manage their own infrastructure. They were more likely to be larger institutions processing high volumes of SWIFT traffic that had already made significant investment. Increasingly, all kinds of users are considering the cost advantages of outsourcing to a bureau.  For a wide range of users, especially new SWIFT members, it can drastically lower costs as well as removing the overhead of managing their own SWIFT infrastructure.

As SWIFT service bureaux add more services, including message workflow, message transformation, anti-money laundering and reconciliation, our white-paper examines cost-saving opportunities that organisations of all sizes cannot ignore.

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