In his ’SWIFT for corporates’ portfolio paper, see, report on the “Innovate or Lose Out” annual User Conference that took place in May 2015 in London, Andre Casterman described SWIFT’s next ‘big move’ in the corporate space: 

• “Corporates are increasingly centralising and automating their accounts payable and accounts receivable processes through electronic invoicing, electronic documentation and purchase-to-pay (P2P) hubs. SWIFT has a valuable role to play in connecting these P2P business networks. We have already taken the first steps in achieving this by working with essDOCS, a specialist vendor that allows users to create and manage bills of lading and shipping documents electronically, accelerating processes such as presentation to banks under trade finance instruments including letters of credit, documentary collections and bank payment obligations. 
• The next step is to connect the major P2P networks to SWIFT to enable banks to secure, finance and process trade flows automatically that are managed through those e-commerce platforms.”

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CTMfile take: Clearly SWIFT’s vision of their future is as the centre, the linchpin of ALL financial transaction exchange. Unfortunately Block chains might just disrupt this strategIC vision …….