The cloud-solution will, says SWIFT, make correspondent banking more efficient, secure and cost effective while increasing the security of their correspondent banking activities.

Small to medium sized banks face a combined pressure of minimising operational costs while keeping their SWIFT infrastructure up-to-date in terms of technology and security.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Additionally, evolving regulatory requirements and cyber security challenges make it crucial for banks to have an in-depth knowledge of their correspondents.

In order to facilitate efficient, secure and cost-effective correspondent banking, banks must be able to track payments, ensure trouble-free payments processing, defend against cyber threats and financial crime and access the data required for comprehensive analytics.

The Correspondent Banking Suite gives banks direct, cost-effective access to the SWIFT network via Alliance Lite 2, a standardised, robust and secure cloud-based interface managed and operated by SWIFT.

Alliance Lite2 combines the benefits of SWIFT with the added value typical of cloud solutions – a lighter footprint and faster time to market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This is packaged together with SWIFT’s best-in-class products and services for correspondent banking, including:

  • KYC Registry – shared platform for managing and exchanging standardised Know Your Customer (KYC) data;
  • Sanctions Screening – screens incoming and outgoing messages against the latest sanctions lists;
  • Name Screening – online lookup tool enabling screening of single names against sanctions, PEP and private lists;
  • Daily Validation Report – validate SWIFT transaction activity and understand payment risks;
  • Bankers World Online and BI Network Management – detailed correspondent banking traffic and payments reference data;
  • SWIFTSmart – cloud-based elearning platform, and
  • Subscription to gpi Tracker – transparent, end-to-end payments tracking (available in the Correspondent Banking Suite in 2018)