Two more banks select SWIFT

SWIFT yesterday announced that two more banks--Mutual Trust Bank Limited and Brac Bank Limited--have selected SWIFT to connect to the
new Real-Time Gross Settlement (RTGS) system in Bangladesh, an electronic platform for the continuous settlement of high value and multi-currency cash payments between banks, says a press release.
Eddie Haddad, managing director, Asia Pacific at SWIFT, said: “All 55 banks in Bangladesh use SWIFT for their global transactions. By choosing to reuse their
existing infrastructures for their domestic transactions, Mutual Trust Bank Limited and Brac Bank Limited will be able to keep the same  level of resiliency and security SWIFT offers for cross-border transactions at a minimum cost.”
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,800 banking organisations, securities institutions and corporate customers in  more than 200 countries and territories.

Two more banks select SWIFT

SWIFT yesterday announced that two more banks--Mutual Trust Bank Limited and Brac Bank Limited--have selected SWIFT to connect to the new Real-Time Gross Settlement (RTGS) system in Bangladesh, an electronic platform for the continuous settlement of high value and multi-currency cash payments between banks, says a press release. Eddie Haddad, managing director, Asia Pacific at SWIFT, said: All 55 banks in Bangladesh use SWIFT for their global transactions. By choosing to reuse their existing infrastructures for their domestic transactions, Mutual Trust Bank Limited and Brac Bank Limited will be able to keep the same level of resiliency and security SWIFT offers for cross-border transactions at a minimum cost. SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,800 banking organisations, securities institutions and corporate customers in more than 200 countries and territories.