SWIFT is the leader in payment systems for international transactions in the financial industry:

  • It is the world's largest provider of secure financial messaging services.
  • It is used by more than 11,000 banking and securities organizations, market infrastructures and corporate customers in over 200 countries and territories.
  • It offers financial messaging services (payments, information messages, guarantees, etc.) and solutions to automate and simplify processes.
     


Swift

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Swift's international dimension allows its tools and control models to contribute to the efficiency of the payments ecosystem:

  • It requires all user entities to comply with the Customer Security Control Framework, which aims to strengthen the operational and technological architectures used to integrate with the SWIFT network. This framework is mandatory and is based on 3 objectives (Protect Your Environment, Know and Limit Access, and Detect and Respond to Anomalous Activity), which are divided into 8 principles and 32 controls (23 of which are mandatory).
  • In an effort to improve the quality of information, Swift has made the adaptation to ISO 20022, which provides messaging standards (payments, c/v securities, etc.) for the exchange of information between entities participating in its network, whether financial or non-financial, mandatory between 2022-2025.
  • Swift also develops proprietary solutions to improve the control environment. Among these, we can highlight
    • "Payment Pre-Validation, which aims to improve the end-to-end management of financial transactions by enabling the pre-validation of transactions before they are sent, thus eliminating friction during processing.
    • "Payment Controls, which enables the monitoring of payments sent within the SWIFT network, securely and prior to delivery to the recipient, in order to detect illicit or unusual message flows; or
    • Global Payments Initiative (GPI Tracker), which enables real-time tracking of payments and confirmation of credit to the beneficiary's account.

Based on its extensive experience in SWIFT-related projects, Management Solutions has a value proposition structured around five areas that align with Swift's core capabilities:

  • CSCF compliance.
  • ISO20022 compliance.
  • SWIFT pre-validation.
  • SWIFT Payment Controls.
  • SWIFT Global Payments Initiative.

The company's contribution to SWIFT is differentiated:

  • Management Solutions is a SWIFT-accredited provider of CSCF consulting services, ensuring in-depth knowledge of the framework.
  • It has a cross technology / business / risk / cybersecurity vision.
  • It has a proven ability to understand and secure complex business processes (e.g. transaction processing, transfer issuance, etc.).
  • It has extensive experience in defining and implementing analytical models for fraud prevention.
  • And it has benchmarking capabilities due to its extensive presence in the world's major G-SIBs and D-SIBs.