Swift India Announced Partnership with Barclays

Swift India Announced Partnership with Barclays
13.01.2016 11:45 am

Swift India Announced Partnership with Barclays

Trade Finance , Payments , Banking , Treasury

Swift India announced  that Barclays  selected it as a channel for payments, cash management, trade finance and treasury transactions for their corporate customers.

Eleven banks in India have already selected SWIFT India and are currently under implementation.

Over 220 of Barclays’ corporates clients globally are already on SWIFT and the India partnership is expected to help corporates in India consolidate their positions through a standardised approach and automate their exchanges with the bank to efficiently reduce complexity and risk. By bringing global standards to the local market, Barclays and SWIFT India are confident that they will help corporates use bank agnostic channels.

Pushkaraj Gumaste, Managing Director and Head of Client Coverage, Corporate and Investment Banking, Barclays India, said: “Our endeavour has always been to constantly enhance the banking experience of our clients, making the whole process of every-day banking transactions as seamless and hassle-free as possible. . We are confident that providing a secure and resilient network such as SWIFT based on widely accepted messaging standards will give Barclays’ customers the tools they need to seamlessly manage transaction complexity in a multi bank environment. ”

Mr Eddie Haddad, Managing Director, SWIFT Asia Pacific, adds: “Barclays has substantial experience on SWIFT for corporates globally and we believe with the support of SWIFT India they will be very well placed to serve their corporate clients in India. We see a strong demand from local corporates to drive automation and reduce complexity and risk. SWIFT India’s deep integration and automation of the exchanges between the corporates and their banks, combined to the levels of resiliency and security SWIFT offers, make it the best choice to answer these growing needs.”

Related News

Intrinio Collaborates with Quodd to Provide Direct Delivery of Nasdaq Real-time Data

Intrinio, a fintech marketplace providing access to high-quality, low-cost financial data feeds, announced today its partnership with QUODD Financial Information Services, a... Read more »

Bolero appoints Andrew Raymond as head of sales

Bolero International, the leading trade finance digitisation expert has appointed Andrew Raymond as its new global head of sales.  Raymond will leverage his 25-plus years’... Read more »

ABN AMRO standardises on CBA’s IBAS Global Trade Finance Factory

Norwegian software vendor Commercial Banking Applications (CBA), today announced that ABN AMRO will be implementing the new... Read more »

Surecomp successfully conducted E-Banking and Front Office 2020 event

Surecomp®, a leading provider of global trade solutions for banks and corporates, concluded today a comprehensive event which attracted over twenty attendees from fifteen... Read more »

World Trade Board Kicks Off New Sustainable Trade Initiative and Expands Board to Promote Inclusive Global Trade

The World Trade Board today announced the addition of a new initiative on sustainable trade, alongside... Read more »

Mizuho Financial Group, Mizuho Bank and IBM Japan to Launch Blockchain-based Trade Financing Platform

Mizuho Financial Group, Mizuho Bank and IBM Japan today announced they are building a blockchain-based trade financing platform. With the platform, Mizuho is aiming to... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53, +44 (0) 173 261 71 47 Download Our Mobile App