Lebanese Swiss Bank (LSB) has completed a full systems upgrade to the latest version of TurboSwift.
LSB is now connecting to SWIFT via the BankServ SWIFT Service Bureau. As part of the TurboSwift implementation, the bank also upgraded to SWIFTNet.
Faced with increasing communication costs, disruption to daily SWIFT services and an impending SWIFT infrastructure upgrade, the bank turned to the latest version of TurboSwift from BankServ.
“We have complete trust in BankServ and their local partner, Information Management Ltd (IML) and their ability to support our on-going need for secure and reliable SWIFT connectivity,” says Jean Doumanian, SWIFT in charge, LSB.
“LSB is a respected name in the middle eastern financial community. We are pleased to have established a long term working relationship and to have supported them through demanding circumstances,” reflects Mary Ellen Putnam, vice president of International Business, BankServ.
“Local conditions in the Middle East can be extremely challenging with difficulties in establishing secure SWIFT infrastructure to support banks’ 21st century processing requirements,” concludes Cherif Bedran, managing director of IML.