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SWIFT wins 2005 ICT Trends award for SWIFTWatch product

New business intelligence products recognised for innovative use of information communications technology

BRUSSELS, 24 November 2005—SWIFT announced today that it has been awarded the 2005 ICT Trends Golden Award for best information communications technology project done by a private sector organisation in Belgium. The award goes to the SWIFTWatch project titled "The use of business intelligence for extranet customer applications." The SWIFTWatch portfolio of online analytical tools was developed and launched by SWIFT during 2005.

"We are proud that SWIFT has been recognised as an information technology leader in the area of business intelligence," noted CIO Joe Eng. "SWIFT is well-known as the global leader in financial messaging services and interface software, and our information services take that to the next step. With SWIFTWatch, we have made it possible for our users to easily access their traffic and message cost data and then incorporate it into their business and operational planning and analyses."

Head of Marketing Johan Kestens commented on the products’ success since initial launch in May 2005. "Already, over half of the top 100 SWIFT users have subscribed to at least one of the SWIFTWatch products. We are giving them data that is unavailable elsewhere, including the ability to benchmark their own performance against SWIFT totals. SWIFTWatch is quickly becoming a must-have tool for improving business and operational performance."

The ICT-Trends Awards are an annual event organised by the magazines Trends/Tendances and Business ICT to honour projects recognised for their innovation in product development and management. Started in 1999, the Awards are given for the best ICT projects done by Belgian public and private sector organisations. A jury of Trends journalists and outside experts reviewed 58 open call projects submitted this year and awarded the prize to SWIFT for SWIFTWatch at a ceremony on 23 November 2005.