Service Bureau

Joining SWIFT
Firstly designed for Banks, SWIFT is now open to any financial institutions (Asset Management, funds, brokers) as well as to Corporates. SWIFT is a de facto international standard for payments, securities, treasury. However the network access remains complex and requires to maintain a costly infrastructure.

Sterci Service SWIFT bureau
The Sterci Service Bureau (SSB) value proposition is an easy access to SWIFT at a cost effective price. All SWIFT messaging services are available through the SSB : FIN, FileAct, InterAct. Any direct SWIFT or MA-CUG members can use the SSB. The services can be customized according the needs: global outsourcing for financial messaging SWIFT-SIC-Secom-FIX, or use only in a disaster-recovery situation (DRP). Hosted in a secured site, the service facility is approved by the CFB regulator, and regularly audited by SWIFT.

New SWIFT solutions
Beyond traditional SWIFT FIN MT’s standard commonly used for payments, securities, and treasury. SWIFTNet is now pushing new MX solutions based on XML and ISO 20022. Main solutions are Funds - Exceptions & Investigations - Bulk Payments – SEPA - Cash Reporting – Corporates. The SSB is facilitating the roll-out of new solution thanks to a mapping tool and added value features including reconciliation and AML filtering.

SWIFT for Corporates
The extension of SWIFTNet to Corporates for payments and treasury brings immediate benefits. It allows Corporate to replace point to point costly connections by a single standard access to all financial services (Nostro banks, Treasury counterparties, Custodians, Prime Broker). Additionally SWIFT allows the user to bulk individual payments into files in order to reduce costs using FileAct.
The Corporate can be either a direct member of SWIFT through the SCORE initiative or a participant of different MA-CUG’s (through a bank). The SSB is a compelling offer for Corporate that brings the following key benefits: reduced time to market, mapping facility, support of new XML-SEPA, bulking-unbulking individual payments using FileAct, cost effective price per number of transactions.