Delivering powerful results with SWIFT messaging and services

July 18, 2022

Partnering with a provider for effectively transmitting standardized financial information.


As your business grows, it’s critical to partner with a service provider that’s ready to meet your expanding needs in terms of both volume and functionality. Implementing innovative technology and enhancing existing systems is increasingly important in an evolving industry. With a commitment to investing in sophisticated solutions, service providers can help drive performance for their clients.

Over the last five years, SWIFT has continued to gain momentum in providing the most secure and efficient way to transmit financial messages. Virtually connecting more than 11,000 financial institutions globally, the SWIFT network is a reliable communications channel where organizations can exchange data and connect with one another securely. By creating automated exchanges and minimal intervention, SWIFT helps improve straight-through processing (STP) and your ability to centralize information.

SWIFT enables the communication of trade, settlement and cash instructions as well as the transfer of reconciliation information to and from other financial institutions. Because this information is private, you want a partner you can trust to safeguard the standardized messages and data of your global financial communication. You also want to find a partner who has the flexibility to work with you to send and receive all SWIFT message types you utilize.


Benefits of using SWIFT 

As client demand for SWIFT capabilities increases, it’s more important than ever to partner with a service provider that offers customized solutions, the full suite of SWIFT message types and a dedicated team of experts. This will significantly enhance your ability to carry out STP messages accurately and efficiently.


Operational efficiencies

With SWIFT, you no longer have to worry about using multiple communication channels to connect with financial institutions. What used to take numerous phone calls or emails to complete one message is now done through an efficient, centralized STP system. The SWIFT network can be your single source to communicate with your banks and deliver automated, standardized financial information securely and reliably.

The automation of SWIFT eliminates the risk of human error and reduces the stress that used to be present in traditional messaging. By streamlining communication and reducing error rates, SWIFT gives you the operational efficiencies your company needs. It allows you to focus on other day-to-day responsibilities and gives you the opportunity to better utilize your resources throughout your organization.


Complete and customized solutions

With a SWIFT middleware application in place, service providers can offer customized solutions and the full suite of SWIFT message types. From a simple, standard message type, to one that’s not used as often, providers that offer the complete catalog of SWIFT message types have every option readily available for use and customization. Any message type can be quickly implemented to meet your needs.

Data and delivery solutions can be tailored to fit your unique requirements and process flows. A SWIFT partner with a robust middleware application has the flexibility to work with any system limitation. For instance, your system might only allow for certain types of information to be sent in a specific field. Your service provider should have the ability to transform that data to ensure messages are properly routed to their destination. For each client, customized rules or modifications can be put in place to automatically adjust data upon arrival. Not only does this flexibility ensure messages are moving efficiently, but it does so without putting the burden on you to change your data or your processes.

“A personal contact who takes the time to assess your business needs and understand where you want to go will help build the relationship needed for a truly tailored solution.”

Dedicated experts

Success with SWIFT messaging goes beyond simply using a new system. The availability of a single point of contact whose expertise will guide you through any request is essential. A personal contact who takes the time to assess your business needs and understand where you want to go will help build the relationship needed for a truly tailored solution.

When getting set up with SWIFT, your service partner’s team of experts should do the leg work for you. A great partner will take complete ownership of system development and enhancements and provide the capabilities you need to grow your business. They’ll work closely with you to conduct tests regarding any changes to SWIFT processing and will thoroughly test any updates to the SWIFT processing system to help ensure you don’t experience any disruption in the STP process.


Dedicated to your success

As STP and SWIFT message requirements evolve, your service provider should be offering the most updated features to help you safeguard and efficiently transmit messages for your organization. By continually working with both clients and industry partners to anticipate new trends and requirements, providers can deliver powerful, usable technology experiences that help you reach your business goals.


At U.S. Bank, we continuously innovate and invest in technology to help you achieve your goals. To learn more about the investment services we offer, visit us at

Related content

Employee benefit plan management: Trustee vs. custodian

Automate escheatment for accounts payable to save time and money

Renewing your custody contracts? Negotiate the fees.

3 awkward situations Zelle can help avoid

Avoiding the pitfalls of warehouse lending

Restaurant survey shows changing customer payment preferences

Webinar: CSM corporation re-thinks AP

Digital Onboarding helps finance firm’s clients build communities

Higher education strategies for e-payment migration, fighting fraud

5 Ways to protect your government agency from payment fraud

Improve government payments with electronic billing platforms

Authenticating cardholder data reduce e-commerce fraud

Insource or outsource? 10 considerations

Middle-market direct lending: Obstacles and opportunities

Unexpected cost savings may be hiding in your payment strategy

Dear Money Mentor: How do I set and track financial goals?

4 benefits to paying foreign suppliers in their own currency

Benefits of billing foreign customers in their own currency

Real-time payments: the next major treasury disruptor

Ways prepaid cards disburse government funds to the unbanked

Want AP automation to pay both businesses and consumers?

Enhancing the patient experience through people-centered payments

Government billing survey: The digital transformation of the payment experience

Automate accounts payable to optimize revenue and payments

Colleges respond to student needs by offering digital payments

Case study: U.S. asset manager expands to Europe

Protecting cash balances with sweep vehicles

Dear Money Mentor: How do I begin paying off credit card debt?

What is CSDR, and how will you be affected?

4 ways to make practical use of real-time payments

Bank vs. brokerage custody

Tailor Ridge eBill case study

Overcoming the 3 key challenges of a lump sum relocation program

How RIAs can embrace technology to enhance personal touch

Higher education and the cashless society: Latest trends

New technology streamlines M&A transactions

What corporate treasurers need to know about Virtual Account Management

Managing the rising costs of payment acceptance with service fees

3 emerging technology trends for bankers

CFO survey: A shifting focus on ESG in business

The unsung heroes of exchange-traded funds

Tap-to-pay: Modernizing fare payments pays off for transit agencies and riders

CFO report: Driving growth via new business models and technology

CFO insights: Leading the recovery for sustainable growth

Streamline operations with all-in-one small business financial support

6 timely reasons to integrate your receivables

The ongoing evolution of custody

5 questions you should ask your custodian about outsourcing

How COVID-19 is transforming healthcare payments

Luxury jeweler enhances the digital billing and payment customer experience

How Everyday Funding can improve cash flow

How small businesses are growing sales with online ordering

Payment industry trends that are the future of POS

Modernizing fare payment without leaving any riders behind

Access, flexibility and simplicity: How governments can modernize payments to help their citizens

10 ways a global custodian can support your growth

Preparing for your custodian conversion

Delivering powerful results with SWIFT messaging and services

Sophisticated investors reduce costs with block trading

How to choose the right custodian for your managed assets

Webinar: Digitizing receivables to transform B2B rent payments

Checklist: What you’ll need for your first retail pop-up shop

Increase working capital with Commercial Card Optimization

How mobile point of sale (mPOS) can benefit your side gig

P2P payments make it easier to split the tab

When your spouse has passed away: A three-month financial checklist

How to save money in college: easy ways to spend less

Myth vs. truth: What affects your credit score?

Luxembourg's thriving private debt market

Integrated receivables management solution supports customer focus at MSC Industrial Supply

ABCs of APIs: Drive treasury efficiency with real-time connectivity

Hospitals face cybersecurity risks in surprising new ways

How jumbo loans can help home buyers and your builder business

The reciprocal benefits of a custodial partnership: A case study

How real-time inventory visibility can boost retail margins

Private equity and the full-service administrator

Flexibility remains essential for public sector workforces

Escheatment resources: Reporting deadlines for all 50 states

Empowering managers with data automation and integration

Hybridization driving demand

Supply chain analysis: Merging technology and commerce

5 risks you need to manage when expanding your global footprint

Easier onboarding: What to look for in an administrator

The secret to successful service provider integration

How electronic billing platforms improve government payments

How to identify what technology is needed for your small business

Key considerations for online ordering systems

Planning for restaurant startup costs and when to expect them

Staying organized when taking payments

How does an electronic point of sale help your business keep track of every dime?

How iPads can help increase efficiency in your salon

Tools that can streamline staffing and employee management

Rethinking common time management tips

How to apply for a business credit card

How a small business is moving forward during COVID-19

How to accept credit cards online

Digital trends poised to reshape hotel payments

Three healthcare payment trends that will continue to matter in 2022

Safeguarding the payment experience through contactless

Understanding and preparing for the new payment experience

White Castle optimizes payment transactions

ABCs of ARP: Answers to American Rescue Plan questions for counties

Government agency credit card programs and PCI compliance

Alternative assets: Advice for advisors

Refining your search for an insurance custodian

The benefits of a full-service warehouse custodian

3 questions to ask your equity, quant and CTA fund administrator

3 benefits of integrated payments in healthcare

Webinar: AP automation for commercial real estate

The future of financial leadership: More strategy, fewer spreadsheets

Tech tools to keep your restaurant operations running smoothly

COVID-19 safety recommendations: Are you ready to reopen?

How to improve digital payments security for your health system

Enhancing liquidity management: 4 benefits of visibility

Top 3 ways digital payments can transform the patient experience

Webinar: Fraud prevention and mitigation for government agencies

Webinar: Recording of the Central Securities Depository Regulation and Pivot

Webinar: CRE technology trends

Webinar: Robotic process automation

Webinar: CRE treasury leader roundtable

Start of disclosure content

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, home equity and credit products are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.