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

A-Team Insight Blogs

Swift to Reduce Message Prices by an Average 20 Percent

Subscribe to our newsletter

Swift, the provider of global financial messaging services, announced today that it is reducing the price of messages on its core FIN service by an average of 20 percent. This will represent an estimated saving of EUR 70 million for Swift customers in 2011. The new pricing plan takes effect on 1 January 2011.

“We have delivered the reduction by focusing on increased efficiencies and rigorous cost controls at Swift despite the tough global economic environment and the decreased volume growth” said Lázaro Campos, chief executive officer, Swift. “Consistent with our strategy for the next five years – Swift 2015 – we are committed to further decreasing the price of our messaging services in the future, while continuing to invest in the security and reliability of our platform.”

“This is the largest price reduction since 1995 and Swift has ensured customers with smaller volumes also benefit,” said Yawar Shah, chairman of the Swift board and managing director, Citi. “In fact, the announced 20 percent reduction is in addition to the achievement, ahead of schedule, of a targeted 50 percent price reduction over five years set in 2006.”

The new pricing plan reflects the guiding principles of Swift’s pricing policy, which aims to encourage traffic growth, increase market share, and respond to market conditions and competitive threats. Additionally, the policy aims to reward both large and small volume users, and offer choice to customers.

The reduction applies to all types of FIN traffic and Swift is also extending the optional Fixed Fee programme to a broader group of customers. The Fixed Fee option has proven successful because it offers customers opportunities for significant savings as well as cost predictability.

Year-to-date average FIN traffic growth is above seven percent. Swift recorded its latest traffic peak on 11 May 2010, when it processed 18.36 million FIN messages.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Building a Semantic Layer for Your Enterprise Data Estate

The democratisation of data has encouraged engineers to think about how to make their data estates more accessible and useable for non-technical business end-users. Translating intention into data action requires careful configuration that enables consumers to mine insight, analytics and value without having to use precise technical terminology. Data engineers achieve this through semantic layers,...

BLOG

When Silence is the Best Measure of Success: ROI of Data Trust Webinar Review

When data observability and remediation tools work, the only measure of success is silence – nothing happens, no data breaks, no anomalies, no dramas. It might seem hard to demonstrate the success of something when there is nothing to show, especially when the business is required to prove the value of the process to secure...

EVENT

Data Management Summit New York City

Now in its 16th year, Data Management Summit (DMS) NYC returns on September 17th 2026, to explore how to use data and AI to drive measurable business outcomes – reliably, repeatedly and at scale.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...