SWIFT India goes live

SWIFT India Domestic Services Pvt Ltd – a joint venture created by the Society for Worldwide Interbank Financial Telecommunication and nine partner banks to address domestic market needs of the Indian financial services industry – has gone live today.

SWIFT India chairman M V Nair said: “SWIFT India is the perfect mix of world-class technology and local knowledge. Not only will the new service enable standardised financial information domestically, but it will also allow us to connect the world to India.”