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What are the benefits of migrating to SWIFTNet and/or SWIFTNet FIN?

April 26, 2017Benefits FIN migrating SWIFTNet

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What are the benefits of migrating to SWIFTNet and/or SWIFTNet FIN?

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For FIN users, migrating to SWIFTNet FIN will provide a reduction in the cost of transmitting messages. For SWIFTNet users, the benefits are: utilizing the new corresponding NET services such as FileAct, InterAct, Closed User Groups (CUGs), etc. will result in a reduction in the price for the use of file transmissions. Additionally, SWIFTNet offers SWIFT-level security and guaranteed delivery to the SWIFT CUG Networks. This enables those who have not previously qualified for SWIFT participation to gain the security and guaranteed delivery benefits, message formatting and the resulting straight-through-processing.