JPMorgan Treasury Services has successfully completed testing of message transmission with GE and Microsoft over the interbank Swift network using the new corporate access Score model.
The US bank says the testing demonstrated that both messages (FIN) and files (FileAct) were able to be exchanged between corporates and banks. The new Standardised Corporate Environment (Score) service has been developed to make it easier and more attractive for corporates to access the Swift network.
Ed Barrie, group manager, Microsoft Treasury, says: "We see significant benefits from being able to access all of our banks via a single communications channel. We are already connected to some of our banks via Swift but this new service will make it easier for us to further leverage the investment we have made in Swift connectivity."
Brian Wedge, senior product manager for Swift at JPMorgan Treasury Services, says the bank expects to have a number of clients using Score when the service goes live in January 2007.