DNB becomes SWIFT-compliant ahead of new deadline
20 May 2020 Toronto
Image: llessismoree/Shutterstock
DNB, with support from Surecomp, is ready to be switched on with SWIFT-compliant versions of both its front- and back-end solutions, IMEX and allNETT.
Despite the deadline of the guarantee messaging standard moving back to 2021, the Norwegian bank is one of the first banks globally to be ready in switch-off mode.
Surecomp, a provider of global trade finance solutions for banks and corporates, is encouraging banks not to procrastinate and is further poised to deliver compliance readiness and a seamless transition for all of its customers across the globe.
Ankit Patel, IT application manager at DNB technology and services, said: “Having completed testing with no reported issues, we are extremely happy with the successful deployment of these SWIFT-compliant upgrades. The Surecomp team has worked diligently to ensure success and we thank everyone in the team for their support and commitment during this process.”
Yaron Hupert, Surecomp’s senior vice president of account management, commented: “Delivering unrivalled security and compliance is of utmost importance to us so I’m delighted that, thanks to our dedicated team of experts, we can assure DNB of SWIFT compliance well before the transition deadline.”
“Deployment can be fast and efficient and Surecomp is able to guarantee a successful go live for anyone who is yet to comply. We urge any bank not to delay, to take action now and check this off the list,” Hupert added.
The SWIFT changes are now due to take effect in November 2021. The changes feature changes to standby letters of credit and guarantee messaging.
Despite the deadline of the guarantee messaging standard moving back to 2021, the Norwegian bank is one of the first banks globally to be ready in switch-off mode.
Surecomp, a provider of global trade finance solutions for banks and corporates, is encouraging banks not to procrastinate and is further poised to deliver compliance readiness and a seamless transition for all of its customers across the globe.
Ankit Patel, IT application manager at DNB technology and services, said: “Having completed testing with no reported issues, we are extremely happy with the successful deployment of these SWIFT-compliant upgrades. The Surecomp team has worked diligently to ensure success and we thank everyone in the team for their support and commitment during this process.”
Yaron Hupert, Surecomp’s senior vice president of account management, commented: “Delivering unrivalled security and compliance is of utmost importance to us so I’m delighted that, thanks to our dedicated team of experts, we can assure DNB of SWIFT compliance well before the transition deadline.”
“Deployment can be fast and efficient and Surecomp is able to guarantee a successful go live for anyone who is yet to comply. We urge any bank not to delay, to take action now and check this off the list,” Hupert added.
The SWIFT changes are now due to take effect in November 2021. The changes feature changes to standby letters of credit and guarantee messaging.
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