As if migration to Swift’s new internet protocol platform, SwiftNet, was not challenging enough, banks now need to find out how to best use the new technology. Frances Maguire examines why the payments industry is beating the securities users to the new offerings.

From the beginning of this year, Swift began levying fines on banks that had not fully migrated from the old Swift X.25 network to SwiftNet in time. However, while SwiftNet gives banks a new roadway, migration is only half the story.

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