24 October 2024 - Swift connectivity is an essential operational must-have for institutions across the financial spectrum involved with capital markets. However, building and maintaining your own Swift infrastructure can be costly and time-consuming. The Citco group of companies’ (Citco) Swift Service Bureau is here to remedy that, offering a multi-layered solution.

Citco’s Swift Service Bureau enables hedge, private markets and other alternatives managers to access the Swift network via their own platforms, or through Citco’s Æxeo® Treasury platform.

Via the Bureau, our certified specialists help clients connect their own Business Identifier Code (BIC) to access the Swift network without having to build their own infrastructure to facilitate this access.

In addition, our simplified Customer Security Programme (CSP) solution lowers users’ annual compliance burdens by over 60%, saving them time and reducing costs.

For Swift connectivity with zero maintenance, we offer:

• Digital Identity BIC (Business Identifier Code) management
  - Operational scaling and efficiencies
  - Solution for risk and compliance needs
• Platform agnostic Swift connectivity
  - Integrate with any industry systems
• Citco’s Æxeo® Treasury platform Swift connectivity
• Access to latest Swift services
  - Messaging channels – FIN MT, ISO20022 and FileACT
  - Future proofed with Swift essentials (not limited to); GPI – Global Payments Innovation, Financial Crime Compliance, Relationship Management Application (RMA) and more.