SWIFTNet meets the challenges of Sibos

There have been many challenges laid at the door of SWIFT this week. The answer to many of these is SWIFTNet, says Leonard Schrank.

Throughout the week, many of the delegates to the Sibos conference have called on the industry as well as SWIFT itself to undertake far reaching reforms, if the renewed push for growth is going to be achieved At the plenary session held yesterday, SWIFT's CEO, Leonard Schrank, said that the migration to SWIFTNet would address many of the concerns

"Tremendous challenges have been issued here at Sibos, in both the banking and securities sides of the business," he said "The platform for solving these problems is SWIFT and SWIFTNet What other global market utility exists [to solve them] "

He added: "SWIFT has completely rebuilt its network and now the benefits can really begin and the challenges...

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