Swift steps up corporate outreach in Asia

Swift plans to hold a record number of business forums this year as it expands its activities in Asia.

We're here to hear from you, said Ian Johnston, Asia-Pacific chief executive of the Society of Worldwide Interbank Financial Telecommunication Swift at its inaugural business forum in Jakarta last month.

Johnston went on to describe Swift's activities in Asia and what it is doing to support the development of a second generation real time gross settlement system RTGS in Indonesia.

Regarding RTGS implementation in Indonesia, what additional costs will be associated with Swift's involvement asked one Bank Mandiri employee.

The whole intention of Swift providing services in high-value payments clearing is for banks to really use the hardware and the software they already have, responded Johnston. It should have a very...

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