I’m in Miami at this cash and treasury show, and chaired a panel focused upon SWIFT and why is SWIFT
relevant to corporates?
Here’s the blurb about the panel:
“SWIFT – It May Be Time You Connected
“Companies can use the SWIFT network for a number of transactions
including payment initiation. The options for participating in the
SWIFT community are increasing, but what is the difference in those
methods, particularly in terms of cost? Also, is it even cost effective
to use SWIFT for payment initiation? Recent research showed a
reluctance of American companies to utilize SWIFT. This session will
look at the nitty gritty of determining if it can bring benefits to
your business.”
The research is from a Eurofinance Survey
at the end of 2007 which found SWIFT was the lowest priority on
treasury’s agenda. The top priorities were Liquidity Management and FX
Risk Management.
Equally, the survey found that less than only 9% of corporates had a
connection to SWIFT, with 40% turning down connectivity because the
cost benefit didn’t stack up.
So this was the premise for our conversation of an hour and a half.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.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...
