SWIFT Service Bureau
Cloud Solutions
Description
THE CHALLENGES Managing corporate banking relationships is extremely complex and demanding. It is filled with challenges, such as overseeing connectivity with multiple banks, handling multiple payment types and formats, keeping up with changing and varied communications requirements, and dealing with inconsistent security standards. Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides financial institutions (FIs) with access to more than 10,000 institutions in over 200 countries. Many organizations believe connecting to SWIFT is expensive, complex, and time consuming. In addition to membership and licensing, the cost of hardware, communications, and expertise may seem prohibitive. Now there’s a way to overcome such real or mental barriers. To ensure seamless, continuous access to the SWIFT Network, EastNets offers outsourced SWIFT connectivity and infrastructure via its own service bureau. Through this option, EastNets provides a cost-effective way for SWIFT
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