International SWIFT Benchmark Study
Be STF performed an audit of the SWIFT infrastructure of an Austrian bank holding with subsidiary banks mainly in eastern Europe.
A stable SWIFT infrastructure is the basis for the settlement of a wide range of bank’s obligations. The potential for damage if SWIFT messages are sent late is therefore enormous, both financially and in terms of the bank’s reputation.
Since the national bank payments are also processed via the SWIFT network, non-compliance with the regulations of a market can also occur.
Conducting working sessions with the client and detailed analysis of the technical elements by BE STF specialists. Recommendations regarding increasing the resilience of the SWIFT infrastructure given to the bank for implementation.
The solution and key benefits
The implementation of the recommendations by the client was to increase the resilience of the SWIFT infrastructure and thus ensure first-class customer service.