7. SWIFT Expands Its Focus
SWIFT started with payments, then moved into securities, which now is roughly one-half of our volume. Banks are now coming to SWIFT, asking, “Help us with compliance.” We need to engage with banks to really understand this … We want to make sure we do the right things for banks around compliance.
--Yawar Shah, Chairman of the Board, SWIFT
[Who is Your Borrower in a Virtual World? ]
Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio