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Banks' messenger service reaps gains amid tougher regulations

SWIFT rides on rising compliance demands on banks, boosting revenue of its non-messaging services.

"We hold neutrality dear. Is that a challenge? Absolutely. In a world that is increasingly antagonistic, that's a challenge for the banks. That's a challenge for us." - Gottfried Leibbrandt, global chief executive officer, SWIFT
"The blueprint for (Asean) economic integration this year would help create a long-overdue trade bloc. SWIFT can offer its expertise in harmonising standards (like the EU)." - Alain Raes, chief executive of both the EMEA (Europe, the Middle East and Africa) and Asia Pacific regions, SWIFT

FOR many bankers, Sept 15, 2008 is a date seared in their minds.

One might say the same for SWIFT (the Society for Worldwide Interbank Financial Telecommunication), which found itself in an awkward and tense spot when Lehman Brothers collapsed that day - the very same day its headline