UniCredit Group as provider of financial services is number 2 in Europe in terms of market capitalisation.The division Global Transaction Banking is among the top 3 in European transaction banking and offers proximity in Germany, Italy and Austria and an extensive international network to Large Corporates, Mid Corporates and SMEs.
Benefits for UniCredit
Provides standardised connectivity solution with global reach without having to develop it
Attracts new business from corporates looking for a single connection to reach all their banks
UniCredit is a strong supporter of ”SWIFT for Corporates” and actively promotes a complete offering via its EuropeanGate.
UniCredit UniCredit’s SWIFT offering speeds up corporates’ processes by providing access to banks across the globe
“ U n i C r e d i t f u l l y s u p p o r t s S W I F T f o r i t s c o r p o r a t e c u s t o m e r s , e n a b l i n g t h e m t o c o n n e c t t o a n y o f t h e i r b a n k i n g p a r t n e r s v i a o n e s i n g l e a c c e s s . A c o r p o r a t e t r e a s u r e r ' s d r e a m c o m e t r u e . ” M a r k u s S t r a u ß f e l d , M a n a g i n g D i r e c t o r , C a s h M a n a g e m e n t & e B a n k i n g S a l e s , U n i C r e d i t
Drivers UniCredit sees clear benefits in providing SWIFT to corporate clients as it:
Provides a common infrastructure for different banks around the world
Meets the highest security and availability standards
Provides independence from proprietary country standards and single-bank electronic banking products
Simplifies implementation and auditing of statutory payment regulations with global impact (e.g. Sarbanes-Oxley)
Streamlines centralised payments, account info, FX confirmations in standard or local format
Savings in resources, controlling, administrative processes and documentation, etc.
New possibilities in Trade Services
For UniCredit, SWIFT provides a standardised connectivity solution that is global without the need to develop or deploy it on their own. This allows UniCredit to attract new business and payment volumes from corporates looking for such solution.
Regional bank protocol
Single access point
UniCredit Banca d’Impresa
Bank Austria Creditanstalt
Network of the