Banks' messenger service reaps gains amid tougher regulations
SWIFT rides on rising compliance demands on banks, boosting revenue of its non-messaging services.
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 banking event opened in Vienna that year.
And SWIFT itself has always been at the heart of the financial industry, managing the global messaging system for its banking clients.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
