What is the SWIFT network?
SWIFT is the world’s leading provider of secure financial messaging services. It's a communication network used by banks and financial institutions around the world. As a large investment manager, corporation or smaller bank, when sending and receiveing cross border payments you likely connect to partners through a wide range of systems. These individual connections can be inefficient, expensive and increase business risk.
Connecting to NAB through the SWIFT network lets you exchange high volumes of messages and files in a secure environment. Members benefit from timely, straight through processing and access to the latest international payments services. Payment and cash reporting data can also be downloaded to help you improve business reconciliation, financial record keeping and reporting activities.