connect-for-swift

DBS IDEAL Connect for SWIFT

Run your business efficiently with SWIFT connectivity

DBS IDEAL Connect for SWIFT

Run your business efficiently with SWIFT connectivity

    At a Glance
    SWIFT is a bank-independent connectivity solution that allows you to connect with us using a standardised message format.

    Wide range of financial services

    Use the SWIFT network to send and receive financial messages, e.g. treasury and cash management, and additional services information

    Standardised message format

    Achieve standardisation across multiple bank accounts and straight-through processing with a single login point

    Cash flow visibility

    Gives you the necessary visibility in your corporate-to-bank flows to help you manage risk and reduce operational costs

    How it Works

    How to Apply

    Discover DBS' offerings that are built to support your business and your customers needs

    • Contact your Relationship Manager or
    • Schedule a callback via this online form
    • Alternatively, you can contact our BusinessCare hotline if you have any further queries. Call us at 1800 419 9500 / 1800 103 6500 or +91 44 6632 8000 if you are calling from overseas (Mon to Fri excl holidays, between 10am to 7pm) or write to us at [email protected]. 
    FAQs
    How does SWIFT help to improve security and reliability?

    SWIFT allows control over payment initiations and has a 99.999% network availability, which is helpful for corporates in the event of e-banking system break-downs.
    What are the connectivity options offered by SWIFT?

    Connectivity with SWIFT is dependent on your business requirements.

    Customer-owned:
    This option is ideal when you have specific security requirements, need a high-volume infrastructure, or require complete control over your IT environment, including storage of your messaging data.

    Alliance Lite2:
    The easiest way to connect to SWIFT. Alliance Lite2 is a highly secure and reliable cloud-based solution to connect to the SWIFT network. It enables you to send and receive all types of SWIFT messages and files.

    Alliance Lite2 for Business Applications:
    This option combines the benefits of SWIFT's solutions with the convenience of cloud-based applications that are selected to suit your needs. This enables you to communicate with us using cloud-based applications (cash management, Treasury Management, Trade, Securities, etc.).
    What is SWIFT Messaging Services?

    SWIFT messaging services enable corporates to exchange financial messages and files securely and reliably.

    FIN:
    Enables the exchange of messages formatted with the traditional SWIFT MT standard. These standards cover a wide range of business areas and are widely used and accepted by the financial institution community.

    FileAct:
    Enables the transfer of files in a secure and reliable manner. It is most efficient when used to transfer large batches of messages, such as bulk payment files, very large reports, or operational data.
    What are DBS's SWIFT reporting capabilities?

    DBS offers information-rich SWIFT reporting capabilities that will help to improve operational efficiency, bring better visibility to your cash flows and simplify your reconciliation process. The reporting capabilities include:

    MT 940: 
    This SWIFT report is a standard-structure end-of-day account statement. It details all entries booked to an account on previous the working day.

    MT 942:
    This SWIFT report is a standard-structure intra-day account statement. It details all the entries booked to an account on intra-day basis at a frequency that suits your business needs.

    MT 900: 
    This SWIFT report is a confirmation of debit. It notifies the account owner of an entry which has been debited to the account.

    MT 910:
    This SWIFT report is a confirmation of credit. It notifies the account owner of an entry which has been credited to the account.
    How can I know more about DBS's SWIFT readiness?

    DBS is SWIFT certified under the advanced Bank Readiness program. You can find out more about DBS's SWIFT capabilities.

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