The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has chosen MindTree as its preferred offshore service partner. MindTree will host a new secure SWIFT offshore delivery centre (ODC) in Bangalore, providing SWIFT with the ability to control development costs and to modulate capabilities at short notice.
The offshore relationship will provide SWIFT with extended product development capability to help meet new business challenges. MindTree and SWIFT staff will jointly design, integrate, develop, enhance and maintain a number of SWIFT’s products.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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