11/4/11
By Sophie Baker
Financial messaging provider SWIFT has joined the Payments Council in the UK as an Associate Member.
The provider for more than 9,500 financial institutions and corporations in 209 countries will work with the Payments Council to help ensure that the UK’s payment systems and services meet the needs of service providers, users and the wider economy.
Arun Aggarwal, managing director UK, Ireland and Nordics at SWIFT, said: “As a co-operative dedicated to serving our members, it is essential that SWIFT plays an active role in key industry bodies engaged in the topics and issues that affect us and other users. International payment systems are in SWIFT’s DNA, and through joining the UK’s Payments Council we can help shape the future of a vital component of the global and domestic payment communities.”
Acting chief executive at the Payments Council, Gary Hocking, added: “The Payments Council is delighted to welcome SWIFT as an Associate Member, and we look forward to exploring opportunities for our organisations for our organisations to work together. Membership gives SWIFT access to the biggest operators in the UK payments industry, as well as a wealth of industry knowledge, know-how and research.”
SWIFT will be entitled to take part in the Payments Council’s Vendor Forum, as well as participate in groups addressing subjects such as account transfers and digital signatures. It will provide specialists to contribute to the evolution of new industry solutions.
