About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SWIFT Announces 16% Rebate on 2011 Messaging

Subscribe to our newsletter

SWIFT, the financial messaging provider for more than 9,700 financial institutions and corporations in 209 countries, announced today a rebate of 16 percent on 2011 messaging usage.

The new rebate will return approximately EUR 52 million to SWIFT users and will be paid in January 2012.

This rebate comes in addition to a 20 percent price reduction on FIN messaging introduced on 1 January 2011, one of the biggest price reductions ever given to the SWIFT community, amounting to annual recurring savings of EUR 70 million. These price reductions have been made possible thanks to the major cost restructuring programme initiated in 2009 and continued focus on cost management.

Addressing the SWIFT community at Sibos, the annual conference and exhibition organised by SWIFT, Yawar Shah, Chairman of the SWIFT Board and Managing Director, Citi, said: “The 16% rebate on top of the 20% structural price reduction demonstrate that continued efficiencies at SWIFT directly benefit its customers.”

Lázaro Campos, Chief Executive Officer, SWIFT said: “We are committed to reducing the cost of SWIFT to our customers as part of the SWIFT2015 strategy – this is an excellent example of our strategy in action.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

LemonEdge Seeks to Fill Tech Gap in Private Fund Accounting

As private markets and assets grow in importance to institutional investors, so are the challenges they face; not least of all their data processes. A report by Dynamo Software in February found that the biggest challenges faced by accounting professionals in private equity, venture and hedge funds were tech and data-related; manual data entry and...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Pricing and Valuations

This special report accompanies a webinar we held a webinar on the popular topic of Pricing and Valuations, discussing issues such as transparency of pricing and how to ensure data quality. You can register here to get immediate access to the Special Report.