X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Treasuries of global corporations soon will pick up a new banking partner that promises to provide a single view of nearly all cash, streamline communication with banks and ultimately improve liquidity management. That partner is SWIFT (The Society for Worldwide Interbank Financial Telecommunications), formerly an exclusive bankers-only club that dramatically reversed a long-standing policy and threw open its doors to corporate users last June.

Instead of having to buy their way in through individual banks, the new SCORE model allows companies to access SWIFT directly and communicate with all SWIFT banks globally through that single connection. SCORE,an acronym for Standardized Corporate Environment, is a change in gateway policy more than a change in technology, but SWIFTNet, the IP-based network SWIFT introduced three years ago, makes it easier and cheaper to open new access points. SCORE is now in pilot testing with 12 banks and eight corporations. Plans call for making it officially available outside the pilot group in January.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.