While banks hurt from the costs of upgrading to IP-based SwiftNet migration, which began in January this year, provider of global data and IP services Equant is enjoying the income generated by the move.
In January SWIFT announced that each of its members must use one of four pre-qualified network service vendors, and Equant won more than 200 orders from financial institutions in 36 countries.
It is building on its strong financial sector track record and offering member banks standardised access to the network that underpins SwiftNet.
