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EBID BIDC: Leveraging the Smart Messaging Platform for Seamless Swift Connectivity and Compliance

Elijah OMIJIE, Head of Information Technology at EBID BIDC, explains how DiXiO’s Smart Messaging Platform solved Swift challenges, enhancing compliance and operational efficiency seamlessly.

Key Takeaways

“We’ve noticed a big improvement in operational efficiency. We don’t feel like we’re falling behind anymore. We can get things done on time, and we’re better at spotting problems before they happen. Plus, whenever we need help, DiXiO experts are there to support us.”

Elijah OMIJIE, Head of Information Technology at EBID BIDC

EBID BIDC

Investment Banking
Lomé, Togo
Smart Messaging Platform

Smart Messaging Platform

Customer History

Established in the heart of West Africa, EBID BIDC (Economic Community of West African States Bank for Investment and Development) stands as a pivotal financial institution dedicated to fostering economic growth and development within the region. With a rich history spanning several decades, EBID BIDC has played a crucial role in supporting infrastructure projects, promoting trade, and driving sustainable development initiatives across its member states. EBID BIDC holds a significant presence in the banking and finance sector. It offers a range of services tailored to meet businesses and individuals’ diverse needs.

With the ever-evolving financial messaging landscape, EBID BIDC struggled to manage their Swift connectivity and stay compliant. On top of that, they wanted to take advantage of the latest Swift innovations, but it all felt overwhelming.

The company then decided to work with a Swift partner, one who could help them take advantage of Swift’s latest innovations and navigate the financial messaging world. EBID BIDC chose to adopt DiXiO’s Smart Messaging Platform.

“We were having trouble keeping up with the changes happening in the Swift system. Innovations like Swift Go, ISO 20022, and other updates were coming out, and we couldn’t always understand what they meant or how to use them.”

Elijah OMIJIE, Head of Information Technology at EBID BIDC

Customer Needs

Solution

Before DiXiO, EBID BIDC managed their Swift connectivity internally. They needed support to handle the complexities of Swift operations and ensure continuous compliance with Swift requirements. EBID BIDC, had the following requirements: Administration, System clean up & Housekeeping, Configuration, Monitoring, Backup, and Resiliency.

The impact of the Smart Messaging Platform was evident in the tangible improvements observed by EBID BIDC. Operational efficiency was markedly enhanced, allowing the bank to carry out transactions and meet regulatory requirements with greater ease and accuracy. Additionally, the integration capabilities with back-office applications were significantly improved, enabling seamless communication and data exchange between systems.

Furthermore, DiXiO provided ongoing support and guidance to EBID BIDC’s IT team, empowering them with the knowledge and tools needed to navigate Swift system updates and compliance requirements effectively.

Conclusion

Next Steps

Moving forward, EBID BIDC plans to continue leveraging DiXiO’s expertise to further optimize their Swift system integration and explore additional opportunities for improving operational effectiveness and compliance.

EBID BIDC

Investment Banking
Lomé, Togo
Smart Messaging Platform

Smart Messaging Platform

Customer History

Established in the heart of West Africa, EBID BIDC (Economic Community of West African States Bank for Investment and Development) stands as a pivotal financial institution dedicated to fostering economic growth and development within the region. With a rich history spanning several decades, EBID BIDC has played a crucial role in supporting infrastructure projects, promoting trade, and driving sustainable development initiatives across its member states. EBID BIDC holds a significant presence in the banking and finance sector. It offers a range of services tailored to meet businesses and individuals’ diverse needs.

With the ever-evolving financial messaging landscape, EBID BIDC struggled to manage their Swift connectivity and stay compliant. On top of that, they wanted to take advantage of the latest Swift innovations, but it all felt overwhelming.

The company then decided to work with a Swift partner, one who could help them take advantage of Swift’s latest innovations and navigate the financial messaging world. EBID BIDC chose to adopt DiXiO’s Smart Messaging Platform.

“We were having trouble keeping up with the changes happening in the Swift system. Innovations like Swift Go, ISO 20022, and other updates were coming out, and we couldn’t always understand what they meant or how to use them.”

Elijah OMIJIE, Head of Information Technology at EBID BIDC

Customer Needs

Solution

Before DiXiO, EBID BIDC managed their Swift connectivity internally. They needed support to handle the complexities of Swift operations and ensure continuous compliance with Swift requirements. EBID BIDC, had the following requirements: Administration, System clean up & Housekeeping, Configuration, Monitoring, Backup, and Resiliency.

The impact of the Smart Messaging Platform was evident in the tangible improvements observed by EBID BIDC. Operational efficiency was markedly enhanced, allowing the bank to carry out transactions and meet regulatory requirements with greater ease and accuracy. Additionally, the integration capabilities with back-office applications were significantly improved, enabling seamless communication and data exchange between systems.

Furthermore, DiXiO provided ongoing support and guidance to EBID BIDC’s IT team, empowering them with the knowledge and tools needed to navigate Swift system updates and compliance requirements effectively.

Conclusion

Next Steps

Moving forward, EBID BIDC plans to continue leveraging DiXiO’s expertise to further optimize their Swift system integration and explore additional opportunities for improving operational effectiveness and compliance.

Other Case Studies

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