SWIFT cuts prices to stay competitive

SWIFT cuts the cost of high-volume reporting message types - competitive pricing or a sweetener for banks?

Elaine Leong

January 17, 2001

High demand for intraday reporting within the financial services industry has created economies of scale for SWIFT (Society for Worldwide Interbank Funds Transfer), resulting in a price cut for reporting messages. The demand has been generated by increases in automation and straight through processing in the transaction chain.

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