The importance of real-time financial information to banks operating on the SwiftNet financial messaging network has been underscored by a survey of delegates conducted by SunGard at last year's Sibos conference and exhibition.
The poll of 85 executives at financial services firms, found that real-time information use is on the rise among SwiftNet users with one-in-three already using query and response capabilities over the IP-based mssaging network, and 60% planning to move to real-time within the next two years.
SunGard survey respondents say that they plan to use SwiftNet to provide real-time information to both counterparties and customers and to reconcile data and detect and repair exceptions pre-settlement.
Overall, the research found that firms are looking for ways to maximise their return from investment in SwiftNet following last year's migration projects.
One third of respondents see the potential of turning a traditional cost centre into a profit centre by offering SwiftNet access or services to third parties.
The majority of respondents intend to extend SwiftNet services beyond FIN, chiefly by adding FileAct to their services portfolio. Over half (58%) of respondents intend to actually implement FileAct-related projects. SunGard says this is in line with Swift's own figures, which show a 30% increase in the number of registered FileAct users over the last three months.