Swift adds business intelligence for securities market
Swift has formally launched a new business intelligence solution for securities market participants following the completion of an early adopter programme
Watch for Securities is “ready for full scale use” by local and global custodians, investment banks, asset managers and broker/dealers, allowing them to monitor and gain business insights from their network traffic.
It builds on Swift’s existing business intelligence portfolio, hitherto focused on payments, and covers settlement and corporate actions flows primarily used to facilitate cross border transactions between global custodians and investment banks and their counterparties including local agents and asset managers.
Watch for Securities provides additional independent and monthly aggregated global traffic information, saving users the time and effort of gathering the data from multiple proprietary systems and locations. The analytics enable institutions to measure and benchmark their own activities with the overall activity on Swift, segregated by
“Driving business performance from data is no longer just a ‘nice-to-have’,” said Stephen Gilderdale, head of new business development at Swift. “With massive amounts of unstructured data available, many financial institutions need to find new ways to turn data into meaningful business insights. Based on our highly structured data flows, Swift has been providing business intelligence services to payments customers for 10 years. We are pleased to evolve and extend this service to our securities customers, particularly in the areas of corporate actions processing and settlement services.”
