There is a strong and growing demand in the banking industry for detailed data on financial transactions, especially payments. This information is required for a number of reasons such as, customer behaviour analysis and regulatory reporting. However, Financial Institutions are facing difficulties to consolidate all their transactional flows at the right granular level and right frequency.
To cater to these needs, SWIFT is launching SWIFT Scope, a modular portfolio of "on customer premises" business intelligence solutions. SWIFT Scope complements our existing Watch offering by providing business dashboards, reports and moreover analysis of consolidated transactional and private data. SWIFT Scope stores all data on customer premises and ensures full customer control of any private data.
To give you a flavour of what's to come, here are a few user case examples for SWIFT Scope:
- Global Transaction Banks needing consolidated storage and analysis of transactions
- Banks affected by Basel Committee for Banking Supervision Intraday liquidity tools
- Large corporates lacking global account position information