Case Study: Sainsbury's Bank achieves automated SWIFT treasury payments and real‑time cash visibility with AccessPay

How a Leading Bank Streamlined Payments by Integrating Their Treasury Management System With the SWIFT Network

Sainsbury's Bank, the UK supermarket bank serving 2.1 million customers, needed to eliminate time-consuming manual processes in its Treasury team: high-value cross-border payments were being formatted and uploaded by hand because their Treasury Management System (TMS) had no direct SWIFT connection. AccessPay was engaged to help integrate the bank’s TMS with the SWIFT network and streamline treasury operations using the AccessPay platform.

AccessPay built the technical infrastructure and defined interoperable payment-file formats with Sainsbury’s Bank and its TMS provider to enable straight-through processing via SWIFT, removing manual rekeying and approvals. As a result, cross-border treasury payments are fully automated, MT940/MT942 statements are retrieved hourly for near real-time liquidity visibility and consolidation into the TMS, operational risk from error and fraud has been reduced, and the Treasury team’s productivity has markedly improved.

Sainsbury's Bank

Warren Hyde

Treasury Operations Manager