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Al Ansari Exchange joins Swift community

Dubai, March 10, 2010

Al Ansari Exchange, a leading provider of foreign exchange services, said it has acquired membership to the Society for Worldwide Interbank Financial Telecommunication (Swift) for more protected financial messaging services.

Swift is a co-operative organisation that provides standardised and highly secure financial messaging services to financial institutions worldwide.

By joining the Swift community, Al Ansari will now able to send/receive structured messages such as cover payments, payment instructions, advice of payments and treasury confirmations more securely, said a senior official.

“In our ever-growing operations, our priorities have expanded towards strengthening our infrastructure to enable us to sustain the quality of services we provide to our customers,” said Mohammad Al Ansari, managing director, Al Ansari Exchange.

“Our move to gain membership with Swift underlines the premium we place in the security of our customers’ transactions and our high regard to organisation and standardisation, which continue to ensure efficiency in our business," he added.

Headquartered in Belgium and with offices in the world's major financial centres and developing markets, Swift helps over 8,300 banking organisations, securities institutions and corporate customers in more than 208 countries automate and standardise financial transactions.

“Swift plays a vital role in inspiring the financial community to work together for a more standardised market place where mutual interest prevails, and we are proud to be among the esteemed organisations to be part of this community," Al Ansari added.-TradeArabia News Service




Tags: Swift | Al Ansari Exchange |

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