Swift to launch new business intelligence service for securities markets

Source: Swift

SWIFT announces today at Sibos the introduction of Watch for Securities, a new business intelligence solution that will help securities market participants to monitor and gain valuable business insights from their network traffic.

The new Watch for Securities offering is expected to go live in Q1 2015 with an early adopter programme planned for the end of 2014.

Built on a secure and single online platform, Watch for Securities provides consolidated access to monthly aggregated global, regional and country level data for securities messages. It offers highly reliable data that institutions can use to adjust their systems and focus their activities. It can also be used for a number of purposes including benchmarking and analysis of market trends, activity share and operational indicators. Initially, Watch for Securities will cover asset servicing and settlement messages for equities and fixed income markets.

"The securities industry is a fast moving market, says Fabian Vandenreydt, Head of Markets Management, Innotribe and the SWIFT Institute at SWIFT. "Access to aggregated settlement and asset servicing information can help reduce risk and cost and help identify new opportunities for growth."

Targeted towards local and global custodians, universal banks and asset managers, Watch for Securities is designed for SWIFT customers operating in domestic and cross border markets. Typically these institutions will have a certain view and level of information about their securities traffic and flows, but are not always able to leverage or consolidate meaningful intelligence from the data.

Stephen Gilderdale, Head of New Business Development at SWIFT, says, "Building on SWIFT's existing business intelligence success in payments, the new Watch for Securities extends our portfolio to provide new business insights specifically focused on securities messages. SWIFT is well placed to help its customers strengthen their understanding of their business, the market they operate in and independently assess the services they receive from their agents or give to their clients."

Launched in 2005, SWIFT's Business Intelligence (BI) portfolio encompasses an entire suite of intuitive tools including analytics, insights, consulting services and economic indicators designed to grow with customers' business needs. The current portfolio includes; Watch Analytics, a platform to analyse and report traffic volumes, value and currency by market, message type and region; Watch Insights, visual and business-oriented dashboards on a subset of correspondent banking traffic; BI Consulting Services bringing value beyond the data, and training services designed to help customers get the most out of their business flows over SWIFT; and SWIFT Economics, economic indicators for Gross Domestic Product and renminbi, also known as the SWIFT Index and RMB Tracker.

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