Bank Austria cuts cost of SWIFT infrastructure with BOX for SWIFTNet

Bank Austria is one of the strongest players in the financial industry in Austria and responsible for all business of the UniCredit Group in Central and Eastern Europe (CEE), with the exception of Poland.

By concentrating the SWIFT communications of 15 banks from 12 countries in one instance of BOX for SWIFTNet (BOX) Bank Austria could significantly streamline their SWIFT infrastructure and cut cost by more than 50%.

In addition the BOX SEPA Message Warehouse component provides the central service for control, retrieval and repair of all SEPA credit transfer transactions.

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