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SWIFT Connectivity for Corporate Treasurers 2008 |
How HSBC Puts Connectivity to Work for its Clients
by Ian Bryant, Senior Product Manager, HSBC Global Payments & Cash Management
Categories: Cash Management, SWIFT, Technology
One of the primary challenges faced by corporates, whether working with multiple banks or in some cases even with a single bank, is the difficulty in connecting various banking systems, each of which uses its own format, to multiple internal systems which again use their own formats. To achieve this, corporates often need to expend significant resources, as do their banks and system vendors, to set up new interfaces whenever the corporate changes or adds banking relationships, or upgrades or replaces internal systems.
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