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At Sibos, the financial messaging cooperative says that it is continuing to cut according to its SWIFT2015 strategy. Officials also had news about financial crime compliance and entity data management services.
SWIFT’s five-year, SWIFT2015 strategy to shrink its pricing for its messaging services has beat the cooperative’s expectations because of “strong” traffic growth, cost controls and pricing schemes, resulting in a 57 percent price reduction expected by the end of this year. Officials from the cooperative announced the strategy result at SWIFT’s annual Sibos gathering, underway...
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