BELLIN exceeds 100 BELLIN SWIFT Service clients
This week BELLIN, global provider of web-based treasury software and services for multinational businesses, has hit the100 BELLIN SWIFT Service clients mark with Xylem Europe GmbH based in Schaﬀhausen, Switzerland. This is evidence of the great success of the industry leading BELLIN/SWIFT collaboration and BELLIN’s pragmatic and solution-oriented approach.
No other provider has enabled as many businesses to gain access to global banking communication via SWIFT as BELLIN.
BELLIN pioneered the Plug & Play solution directly integrated in their treasury management system tm5, standardizing worldwide banking communication and making it accessible to medium-sized companies. This technology has been recognized on several occasions, including at the FinTech Innovation Awards. BELLIN runs the entire BELLIN SWIFT Service infrastructure in their own dedicated data centers, making them available to customers as a service. With BELLIN, communication via SWIFT has become straightforward, aﬀordable and easy to use. BELLIN takes care of the entire onboarding process and the conﬁguration.
“Integrating the SWIFT Network into our treasury management system tm5 back in 2013 has unlocked new potential and empowered companies when it comes to banking communication. The fact that it is not just large but also small and medium-sized companies who beneﬁt from this attractive solution is deﬁnitely worth mentioning. Recently onboarded clients illustrate this very well,” Martin Bellin, founder and CEO of BELLIN, is pleased to announce.
“We have seen a soaring number of BELLIN clients opt for the integrated SWIFT Service, clearly illustrating that there is great need for such an eﬃcient solution. Over 100 companies across all continents now use the BELLIN SWIFT Service, making this one of the biggest successes SWIFT has ever seen in its corporate client oﬀering,” adds Mathias Schotte, SWIFT Senior Sales Manager, Corporate & Asset Management Clients, CCE.
There are a number of reasons why the BELLIN SWIFT Service has become so popular: it spans the globe and provides businesses with a single point of entry to all banks worldwide who can send and process SWIFT messages. This mainly concerns payment orders submitted electronically and account statement data, making companies completely bank-independent in terms of cash management and payments. This is true for existing banking relationships and when it comes to being ready for future growth. Companies receive their own SWIFT BIC (Business Identiﬁer Code) and can communicate directly and without any limitations with third parties, independent of speciﬁc banks. BELLIN SWIFT Service users also beneﬁt from a standardization of ﬁle formats, also contributing to their independence. SWIFT makes use of standardized FIN formats, such as MT101 for single payments or MT940 for account statements. FileAct enables members of the SWIFT Network to send any ﬁle and any payment format to their banks. In addition, the SWIFT connection can be used for other processes, such as the digital matching of treasury deals or digital trade ﬁnance.