Case Study: Bank Consortium Trust achieves straight-through processing and cuts costs with Axway for SWIFTNet

Straight-through Processing with Axway for SWIFTNet Increases Productivity and Reduces Costs

Bank Consortium Trust Company Limited (BCT), a major Hong Kong pension and trust services provider managing over HKD 10 billion for more than 380,000 customers, needed to automate its funds dealing and trade processing to increase productivity and reduce operational costs. BCT aimed to implement straight-through processing (STP) to eliminate manual intervention across order placement, confirmations and settlement instructions.

BCT deployed Axway for SWIFTNet to enable SWIFTNet exchanges across all formats and modes (FIN, XML, FileAct, InterAct, real-time and store-and-forward), provide end-to-end supervision and tracking of data flows, and transform native formats to and from standard SWIFTNet/ISO 20022 formats. The solution automated fund administration workflows, improving efficiency and reliability, lowering processing costs and shortening implementation cycles for better ROI.

Bank Consortium Trust

Ka Shi Lau

Managing Director & CEO