Technology review 2010: Improving connectivity
Many corporate treasury departments are channelling investment into improving the connectivity and integration of their cash and treasury management systems. A wide range of connectivity services are now available from the banks, SWIFT and a range of third-party suppliers, with the choice of bank-agnostic connectivity systems and services growing in popularity.
SWIFT connectivity SWIFT has been one of the main beneficiaries of this move to bank-agnostic systems and services, showing a 40% growth in corporate users in 2009, taking the total to 565. The majority of corporate users connect to SWIFT via a service bureau, with 20% of last year’s new users opting to use the SWIFT Alliance Lite service.