Corporate users flock to SWIFT

SWIFT announces a doubling of its registered corporate users in little over a year.

SWIFT yesterday announced that it had registered 82 corporate users, an exact doubling of its corporate users at the 2004 Sibos in Atlanta. 61% of these companies are from Europe, 19% from North America and 20% from the rest of the world.

The numbers are also reflected in the sharp rise in the number of banks offering MA CUGs member administered closed user groups to their corporate clients, which now number 95, up from 60 in 2004.

Within SWIFT and the MA CUGS, corporates have started moving on from only using FIN and now are using SWIFT for both FIN and FileAct. Indeed from...

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