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Data Format Libraries
Informatica SWIFT Alliance Gateway
Delivering faster, better integration for high-value SWIFT Alliance Gateway adoption
Financial institutions worldwide are looking for ways to save costs, reduce operational risks, and improve customer service through interbank communications and straight through processing (STP) of pre- and post-trade execution and cash management data. Adopting the SWIFT standard can help them achieve this, but full and effective adoption can be a complex and challenging process. To help their customers achieve true back office integration STP, SWIFT Alliance Gateway providers need to deliver solutions that allow the efficient integration of SWIFT messages into proprietary applications and back-office legacy interfaces, while staying current with the latest SWIFT messaging standards.
Challenges
Adopting SWIFT can be complex, especially when:
- Maintaining compliance with the SWIFT messaging standard as it evolves
- Integrating existing systems to SWIFTNET and converting other data standards
- Integrating with a customer’s back-end processing systems
The Informatica Solution
The Informatica SWIFT Alliance Gateway Solution is an efficient, embeddable execution environment for developing repeatable and maintainable transformations. It enables SWIFT Alliance Gateway providers to help their clients reduce time, complexity, and costs of SWIFT Alliance Gateway operations and communications.
By including the Informatica solution as part of their SWIFT Alliance Gateway offering, gateway providers can enable their customers to:
- Extend SWIFT adoption throughout the organization
- Simplify migration to new versions of SWIFT
- Communicate with partners more cost-effectively and quickly
- Streamline integration to reduce processing costs and speed transactions
Informatica Solutions for SWIFT
Key capabilities include:
- Bidirectional transformation of cross-border, internal and proprietary data formats to comply with SWIFT
- Transformation of data between different versions of SWIFT for ease of migration
- Transformation of incoming funds transfer requests from Excel, Word, or PDF into valid SWIFT messages, while enabling STP
- Streamlining of integration between internal systems and third-party providers to reduce processing costs while speeding transactions
- Option of offering additional services to counterparties, such as moving services from third-party providers to in-house solutions, for cost savings
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