SWIFT to Launch Business Intelligence Platform for Securities Messages

SWIFT has launched a new business intelligence solution, extending its Business Intelligence product suite to include Watch for Securities, which aims to help securities market participants monitor and gain insights from their network traffic.

The solution will start with an early adopter program planned for the end of the year, and SWIFT expects it to go fully live in Q1 2015 will initially cover asset servicing and settlement messages for equities and fixed income markets.

The online platform will provide consolidated access to monthly aggregated global, regional and country level data for securities messages, which can be used for things such as benchmarking and analysis of market trends, activity share and operational indicators.

“The securities industry is a fast moving market, says Fabian Vandenreydt, head of Markets Management, Innotribe and the SWIFT Institute. “Access to aggregated settlement and asset servicing information can help reduce risk and cost and help identify new opportunities for growth.”

The platform is targeted toward SWIFT customers operating in domestic and cross-border market, including local and global custodians, universal banks and asset managers.

“Building on SWIFT’s existing business intelligence success in payments, the new Watch for Securities extends our portfolio to provide new business insights specifically focused on securities messages,” says Stephen Gilderdale, head of new business development at SWIFT. “SWIFT is well placed to help its customers strengthen their understanding of their business, the market they operate in and independently assess the services they receive from their agents or give to their clients.”