SSBs: A Changing Marketplace

Laurie McCulley, a partner at the Treasury Strategies’ consultancy, corporate technology practice unit, believes that the new SIP requirements are a positive but bold step, which will definitely lead to change in the marketplace: “The certification will be good for the SSBs that are able to comply,” she says. “SWIFT is being very aggressive here and the smaller bureaux will inevitably struggle, while the big SSBs will be able to adapt.”
 
“In big companies, the IT department will be concerned about the security aspects of the connection, as well as disaster recovery issues. “For example, AL2 currently uses an ‘auto client deployment’, which presents security concerns for many corporate policies,” says Treasury Strategies’ McCulley.