SWIFT In The Cloud Gains Traction With Corporates

By Denise Bedell



SWIFT service bureaux “in the Cloud” may offer corporates the best of all worlds—the security, functionality and volume capabilities of a hosted solution without the need for complex hardware, and the ease of an Alliance Lite implementation.


National Grid is one company that has embraced a cloud-based service bureau. The UK utility is live on Bottomline Technology’s SWIFT Access Service—a SaaS SWIFT connectivity solution.


Mark Flawn, assistant treasurer at National Grid, said cloud-based access fit with a group-wide initiative to use remotely hosted solutions. “We are able to achieve better results by using a cloud platform, as it removes the overhead of maintaining the infrastructure on our own servers which in turn frees up both our treasury and IT resources.”

Rapid on-boarding allowed the utility to save on implementation time and cost, get live—and see benefits—quickly, and thus helped build a strong internal business case for SWIFT access.