Home / Payments / SIA to compete with SWIFT

SIA to compete with SWIFT

A mate pointed this out from International Banking Systems Journal, December/January issue: 

"Italian
payment network provider, SIA-SSB, is seeking to move firmly into
SWIFT’s domain, with plans to extend its SIAnet broadband network. It
is taking its current infrastructure, which provides connectivity
between banks and corporates in Italy, as well as linking to European
brokers on the capital markets side, and is seeking to position this as
a much wider facility. It is claiming a number of benefits over SWIFT,
including breadth, ease of connectivity, flexibility and cost, and is
seeking partnerships to further extend its reach."

Worth a read …

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

Check Also

If you’re getting something for free, you are the product

This quote If you’re getting something for free, you are the product has been floating …