RBS, SWIFT unveil integrated suite of working capital solutions

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According to a release, SWIFT and The Royal Bank of Scotland (RBS) announced a strategic partnership to offer multi-national corporates (MNCs) and large corporates across Asia Pacific a customised solution that will simplify their working capital needs.

RBS will provide corporate clients with a complete and integrated suite of working capital solutions, utilising the seamless connection of SWIFT’s new state-of-art networks, SWIFT Alliance Lite2 and SWIFT Alliance Converter. This integrated solution will allow corporates to conduct their liquidity, domestic and cross border payables and receivables, as well as manage their import and export documents for their trade transactions. The partnership with SWIFT will ensure a seamless migration for corporates from their propriety connectivity channels to the SWIFT network, with additional cost benefits for corporates.

SWIFT Alliance Lite2 is a highly secure and reliable cloud-based connectivity solution, enabling corporates to send and receive all types of files and SWIFT messages. The newly launched Alliance Converter is an integration product that enables companies’ back-office systems to connect to SWIFT using Alliance Lite2.