SWIFT have been making lots of noise about getting corporates connected to their network. Sounds good and with SWIFT lite they appear to have a solution which has a cheap user charge for small or medium corporates however, costs are there and can be considerable.
Firstly connecting to SWIFT lite by integrating to whatever legacy treasury system is used means cost. Secondly to gain the knowledge required looks like consultancy and cost. Thirdly to produce the end solution that fits the payment bank requirements is
costly to run and of course there are also the bank's costs.
Although a bank might reduce costs for SWIFT connectivity for a small to medium sized corporate, the overall costs still look very high and prohibitive in taking part.
There is more work to be done on this by SWIFT and I suspect their banks and vendors before this offering becomes attractive to corporates. That's the way it looks at EBA day at least.