service administrator destination
A valid Swift eight-character BIC that Swift assigns to the service administrator. The service administrator destination is used in digital signatures. The service administrator destination can be the same as the primary server destination.
service administrator related participant (SARP)
A Swift user that belongs to the same financial institution as the service administrator. To be considered as part of the same financial institution, Swift must register the service administrator related participant and the service administrator as belonging to the same group of customers for traffic aggregation purposes.
MyStandards Readiness Portal helps ease onboarding process
Swift has launched the MyStandards Readiness Portal, a new cloud-based application that simplifies the client onboarding process by allowing message testing against bank specifications.
Volcker in full swing
Nearly four years after the Dodd-Frank Act passed, the Volcker rule has finally made its long-awaited passage.
Swift Go participant banks
… their names and are in various stages of implementing the service. To find out which of these institutions are ready …
Tony Wicks, Head of Financial Crime Compliance, talks to the Institute of International Finance (IIF)
Combatting financial crime
Transforming liquidity reporting: A case study in collaboration
Swift and Suade Labs team up to explore how to give regulators better and faster insights on market liquidity – all while reducing the reporting burden on financial institutions
How Lloyds Bank is harnessing the power of Swift data to mitigate risk
Mark Brotherton, Director, Fraud & Financial Crime, Commercial Banking at Lloyds Banking Group, and his team of over 100 specialists, sit on the front line in the battle against financial crime. We spoke to Brotherton about how they have developed an automated approach to combatting risk by leveraging Swift's data solutions
How cyber attackers ‘cash out’ following large-scale heists
By illuminating the final stage in the money laundering process, BAE Systems & Swift report supports efforts by banks to prevent, detect and respond to cyber-attacks
Settlement fails: Getting to the root of the problem
Securities settlement fails create both added costs and operational risks for trading counterparties. These challenges are only going to intensify under CSDR’s Settlement Discipline Regime and the decision by certain markets to adopt T+1. Better transparency on securities transactions will be essential if we are to reduce settlement fails moving forward.
Instant treasury for an instant world
How can real-time account information help make life simpler for corporate treasurers? Wim Raymaekers, Global Head of Corporates Strategy, Swift, explains.
Get ready for Swift at Sibos 2022
Whether you’re joining us live in Amsterdam, or tuning in digitally, there’s a lot to look forward to on the Swift programme at this year’s Sibos.