Financial services messaging cooperative SWIFT is taking steps to ease the migration to the state-of-the-art ISO 20022 messaging standard, which has not been widely accepted by buy-side firms wedded to older messaging standards. A new offering, SWIFT Translator, is intended to help institutions and market infrastructures “translate messages from any format to ISO 20022 or… Read More >>
SWIFT’s New CTO & COO Taking Over for Retiring CIO
Financial messaging and services cooperative SWIFT has hired a Verizon veteran Craig Young to be its new chief technology officer (CTO) and appointed SWIFT executive Marcel Bronmans as chief operations officer (COO), following a reorganization of the IT and operations division and the retirement of Mike Fish, SWIFT’s chief information officer (CIO) by the end… Read More >>
Misys: Regulatory Reporting Still Dominates
Q: What SWIFT-related product trends have you seen among your clients for this year? A: The big trend we’ve seen from our European financial institutions, as well as a few NA [National Association] corporations with European subsidiaries, is the requirement for regulatory reporting. Not only is there a need for service providers to route information… Read More >>
Sibos 2013 Wrap
SWIFT customers will get “major structural price reductions for 2014” for FIN store-and-forward messages, say top officials at the financial messaging cooperative, which is hosting its Sibos 2013 conference in Dubai this week. Officials add that the 20% price cuts are intended to spur message traffic growth and €52 million in savings for customers.The new… Read More >>
