Asian funds sign up to SWIFT automation

Since its launch in October, SWIFTNet Funds has signed up more than 30 new users, half of those in Asia. The internet-based funds messaging platform has been adopted by UOB and OCBC in Singapore, Schroders in Luxemburg and Asia, Franklin Templeton for its cross-border business and Fubon Bank in Taiwan. On a recent trip to the region, programme manager for SWIFTNet Funds securities industry division, Michel De Boe, spoke with FinanceAsia about these early adopters and why others should…