SWIFT opens up to new participants

Shareholders have voted to accept companies, insurance companies and government institutions.

Shareholders of the Society for Worldwide Interbank Financial Telecommunication SWIFT have approved a new category of participants to enable financial institutions to provide messaging communications to their corporate customers within closed user groups. A vote was also passed at the annual general meeting to extend the current category for investment management institutions to include insurance companies and government institutions active in asset management.

Widespread acceptance of internet protocol IP technologies has opened new connectivity channels between the financial...

To continue reading, please login or register for free

Click for more on: swift | opens | participants

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...