MEMBER ADMINISTERED-CLOSED USER GROUPS: THE FUTURE OF THE BANKING – BUSINESS RELATIONSHIP

DESMOND McFORAN

 

Abstract

The continuing globalization of many different aspects of international banking, has led to an increase in the application of tailored technology within the international banking system. This paper discusses one emerging new adaptation and development which is thoroughly altering the traditional links between business and its relationship with the international banking system.

 

Key words

“closed user groups”, SWIFT, SWIFTNet, FX, FileAct, proprietary data.

 

References

Hughes and Campbell. BNP - gt. news Special Report: SWIFTNet and MA-CUG’s (September 2005).

 

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