SWIFT interbanking network

SWIFT Services: SWIFT Expertise & Strategic Support

SWIFT Expertise to Support Your Specific Needs

 

With a wealth of experience working with banks, financial organizations, and corporates, we offer solid, agile expertise to support our clients in all the major developments driven by SWIFT. Our industry-leading SWIFT expertise enables you to successfully conduct your business, IT, and organizational activities and projects.

A SWIFT services expert at DynaFin

What Our SWIFT Service Bureau Can Do for Your Financial Institution

 

Our SWIFT experts specialize in a wide range of issues to meet the unique needs of banks and financial organizations. Find out more about the areas where our SWIFT network consultants can offer personalized support.

ISO 20022 Migration 

SWIFT is replacing the old MT ISO 15022 format for payments and reporting with the MX ISO 20022 format, which is richer, better structured, more scalable, and facilitates automated message processing and reconciliation. 

 

Each market infrastructure (Target 2, Euro 1, CHAPS, RIX, CHATS, etc.) has defined its service name and standards, as well as its migration planning. 

 

Protection Against Cyber-Attacks 

In an environment of increasingly frequent and impactful cyber-attacks targeted at the financial sector, SWIFT launched the Customer Security Programme (CSP) in 2016 to protect the SWIFT network for banks and its community of users. 

 

All financial institutions accessing the SWIFT banking network must comply with the obligations of this program and declare their compliance in self-attestations that are then shared between counterparties via the dedicated KYC Security Attestation portal. 

 

Our 360° Approach 

DynaFin leverages the experience and skills of its experts to offer our clients 360° SWIFT outsourcing services. 

 

Our SWIFT infrastructure specialists manage migration programs for major financial market players. We also offer our SWIFT network expertise in terms of impact analysis and SWIFT strategy for migration, including translation and routing aspects. 

Personalized support from a SWIFT consultant at DynaFin

Dynafin — Your Trusted SWIFT Services Provider

 

Rely on DynaFin for complete SWIFT banking system expertise, from mastering essential tools and services to managing ISO 20022 migration and protection against cyber-attacks.

+500

SWIFT Implementation Projects Completed

+50

SWIFT interbanking network experts

+20

Years of SWIFT Banking Services Delivered

Perfect Command of SWIFT Solutions and Services

 

DynaFin boasts many years of expertise in SWIFT financial services. Find out more about the SWIFT services and solutions we provide to our clients.

SWIFT strategy consultation between DynaFin experts and a client.

SWIFT Connectivity & Implementation

· SWIFT Alliance: Alliance Access, Alliance Gateway, Alliance WebPlatform, Alliance Messaging Hub, Alliance Cloud, Alliance Access Integration Platform (IPLA)

· SWIFT on Public Cloud

· API

· And more

Reference Systems

· SWIFTRec

· BIC/LEI Directory

· KYC Registry

Delivering Business Value and Compliance

  • Sanctions Screening 
  • SWIFT GPI 
  • SWIFT RMA 
  • Payments Control 
  • And more 

SWIFT Data Exploitation and its Challenges

Data exchanged via the SWIFT messaging network remain under-exploited by financial institutions despite the many challenges they face: 

  • To be able to analyze their customers’ and partners’ flows and thereby develop more targeted and adapted offers 
  • Obtain statistics, reports, and data extraction over prolonged periods of time 
  • Enable compliance teams to respond to regulators’ requests and test scenarios for circumventing compliance rules 

However, there are a number of potential obstacles to this approach: 

  • Data structure, particularly in the context of MT ISO 15022 
  • The sheer volume of daily data flows, numbering in the millions of messages sent and received 
  • Data confidentiality in accordance with national regulations 

SWIFT Services FAQ

Clients ask DynaFin experts questions about SWIFT

What Is SWIFT?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is an international cooperative founded in 1973 and owned by its members (banks and financial institutions).
It is the world’s leading provider of secure financial messaging solutions, offering a messaging platform, communication standards, products, and services.
 

Who Uses the SWIFT Interbank Network?

More than 11,000 financial institutions (banks, market infrastructures, financial organizations, corporates, etc.) use standardized, secure SWIFT messaging worldwide. SWIFT financial messaging services are thus present in over 200 countries and territories, ensuring fast, reliable international payments and financial transactions.
 

SWIFT Managed Connection Benefits with DynaFin

· Improved reliability and cost of integration through our infrastructure expertise, maintenance, and rigorous monitoring of SWIFT updates

· Simplified, accelerated, and streamlined time consuming cross-border payment processes, with automated processing of all financial transactions

· Enhanced flexibility through SWIFTNet messaging standards

· High transparency of settlement cycles and claim resolution

· Optimized communication between banks, market infrastructures and financial organizations

Learn More About DynaFin’s Banking Cash Management Expertises

· Treasury Management

· Compliance Management

· Payments Technology

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Want to know more?

Meet our expert!

Christophe Wauthier

Director

Get in touch