Financial messaging and services cooperative SWIFT has hired a Verizon veteran Craig Young to be its new chief technology officer (CTO) and appointed SWIFT executive Marcel Bronmans as chief operations officer (COO), following a reorganization of the IT and operations division and the retirement of Mike Fish, SWIFT’s chief information officer (CIO) by the end… Read More >>
SWIFT to Rebate $35M to Users
Financial messaging and networking cooperative SWIFT is providing a 10 percent rebate on 2014 messaging fees because of “strong traffic growth” for its services, officials say. The cooperative expects to return $35.4 million or approximately €30 million to its users in March. “We have seen strong traffic growth this year as a result of our… Read More >>
SWIFT and ‘Amigos’ to Tackle Buy Side’s Manual Processes
SWIFT is paving the way for a pilot program that would allow small-to-medium sized buy-side firms to automate confirmations and allocations through their sell-side counterparties, confirm officials of the financial messaging services consortium. Speaking at the SWIFT Operations Forum—2012 in New York, Chris Church, chief executive and global head of securities for SWIFT Americas, yesterday… Read More >>
