Isabel to deliver superior Corporate-to-Bank payment solution over SWIFT

Synergy between SWIFT and Isabel will deliver increased value to banks and corporate

Published on 15 October 2010

Core Facts

Stepped approach to increased value

In a first phase, Isabel will offer its member banks the opportunity to use their current SWIFT connectivity to connect to Isabel’s payment solutions. Banks can reduce costs and increase operational efficiency by leveraging their connection to SWIFT’s network rather than maintaining proprietary connections. This will also lower the cost barrier for new local and international banks wishing to use Isabel’s payment solutions.

Ultimately, SWIFT connectivity to banks worldwide will create new business opportunities. Corporates worldwide will have access to Isabel’s professional web-based multi-banking eBanking application. This application is recognised for its cost effectiveness, its advanced integration possibilities with ERP and accountancy software, and the possibility to operate in a completely secured environment with multiple users.

Quotes

"This agreement is in line with our strategic goal to reduce Total Cost of Ownership (TCO) for our customers by extending the use of their SWIFT infrastructure and eliminating proprietary connectivity channels" - Alain Raes, CEO Europe, Middle East and Africa, SWIFT

"SWIFT connectivity to banks boosts the reach of our eBanking application. Corporates world-wide will have a professional and user-friendly access to thousands of banks." - Philippe R. Dubois CEO of Isabel

About SWIFT

SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 9,500 banking organizations, securities institutions and corporate customers in 209 countries. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.

Contacts

For more information, please refer to our website www.swift.com or contact:
Rosemary Biggs
Bite Communications
Tel: +852 29730222
Email: rosemary.biggs@bitecommunications.com

Search

Views Releases (also known as social media news releases) are news releases broken down into key components that make it easier for bloggers and other online media to digest and report news. By separating the core facts from, quotes, useful weblinks, reusable images and other files (such as a full news release), online media can quickly pick and choose the components they want to use in their own reporting.