Rene Schuurman, director and global product manager for connectivity services at Citi, said that SWIFT has been working hard since 2003 to get more corporations connected to banks using its network.

FORBES: Corporate Treasurers Rule Their World, With Tech

Large corporates are consolidating their banking relationships, said Schuurman.

FORBES: Corporate Treasurers Rule Their World, With Tech

Rene Schuurman, director and global product manager for connectivity services at Citi, said that Microsoft was one of the first movers and its model has generated a lot of interest among other bank clients.

FORBES: Corporate Treasurers Rule Their World, With Tech