Swift Selects Avox for BIC Data-Scrubbing Exercise

BRUSSELS-Interbank payments utility Swift has changed its reference data strategy, unveiling a partnership with majority-held Deutsche Börse subsidiary Avox and plans to team up with an entity data provider and industry associations for a commercial investment vehicle identifier code (Civic) project.

In July, Swift signed an agreement with Avox, which is headquartered in Wrexham, Wales, to scrub a business identifier code (BIC) database. Avox was chosen ahead of four other vendors who had pitche

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