SWIFT provides better payment data analysis 13 October 2015Singapore Reporter: Mark Dugdale
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SWIFT has launched a new analytics service that provides customers with a deeper analysis of their payments data.
Watch Banking Analytics Premium is part of SWIFT’s Watch for Banking services, a set of online reporting and analytical tools that allows customers to look into their institution’s message content to better understand the value behind messaging activity.
The new service allows SWIFT customers to access additional payload information that will enable them to benchmark to market practices, see initial ordering and end beneficiary countries, better FX conversion practices and map clearing business to determine potential new revenue flows.
“The functionality of SWIFT’s Watch Banking Analytics Premium creates opportunities for innovative efficiencies by using detailed big data,” commented Ana Sancho, global payments network manager for treasury services at BNY Mellon.
“It’s likely to become a must have tool for network managers. We all want comprehensive intelligence at our fingertips; the SWIFT business intelligence solutions team and the tools they offer are helping to make that happen.”
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