SGSS is next in line to buddy up with SWIFT for T2S
19 September 2013 Paris
Image: Shutterstock
Societe Generale Securities Services (SGSS) is set to sign a memorandum of understanding to adopt SWIFT’s Value Added Network solution to connect to T2S.
SGSS selected SWIFT’s solution to benefit both from SGSS and SWIFT’s common involvement in the T2S project as well as its long-standing relationship with SWIFT, in particular the ISO 20022 format-related working groups.
In a release, SGSS explained that the firm decided to adopt SWIFT’s technology in order to reinforce its “strategic goal of using a fully T2S compliant network solution for the secure exchange of business information in ISO 20022 format, capable of supporting future growth while ensuring minimal integration risk.”
SGSS selected SWIFT’s solution to benefit both from SGSS and SWIFT’s common involvement in the T2S project as well as its long-standing relationship with SWIFT, in particular the ISO 20022 format-related working groups.
In a release, SGSS explained that the firm decided to adopt SWIFT’s technology in order to reinforce its “strategic goal of using a fully T2S compliant network solution for the secure exchange of business information in ISO 20022 format, capable of supporting future growth while ensuring minimal integration risk.”
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