Fundtech Ltd., a leading provider of end-to-end corporate banking software and services announced its support for SWIFT’s new Corporate Access program. As a leading SWIFT service bureau provider for SWIFT’s Member Administered Closed User Group (MA-CUG) model, Fundtech will directly benefit from the expansion of corporate access to the SWIFT network.
The decision to create a new category of corporate access that facilitates connection to multiple banks will simplify corporate setup and use of the SWIFT network. Corporations participating in the new category will benefit from more efficient communications with their banks, improving their ability to manage working capital and initiate transactions.