Connect to the SWIFT Network Quickly and Easily with SWIFT Integration
The Informatica solution for SWIFT integration enables banks and capital market firms to integrate SWIFT messages into proprietary applications and back-office legacy interfaces while remaining current with the latest SWIFT messaging standards. With this SWIFT-certified solution, your institution can:
- Get onto the SWIFT network faster
- Reduce development and maintenance costs by 50 percent or more
- Support multiple SWIFT versions and other financial standards
- Easily integrate with legacy and back office systems—located inside or outside your enterprise
- Reduce dependencies on multiple providers
- Lower operations and communications costs with additional services to counterparties
- Save time and operational costs by eliminating cumbersome and error-prone manual bank account management processes
- Increase your competitive edge and provide customers with integrated treasury solutions
SWIFT Integration Challenges
SWIFT membership requires continuous investment to keep up with annual updates and new offerings. If your institution does not comply with the current standard (or support the new changes each year), errors can occur as you send data across the SWIFT network, causing fines and customer dissatisfaction.
SWIFT members are beginning to adopt a more flexible and powerful SWIFT MX standard. The shift from support of SWIFT MT to SWIFT MX requires a considerable investment and can occur over multiple years. It is important to have technology that can support this migration and transition period.
In addition, mergers and acquisitions drive the need to consolidate payments and trading infrastructure and SWIFT interfaces. And achieving straight-through processing (STP) of pre- and post-trade execution and cash management can raise back office costs.
SWIFT Integration Solution Key Features
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Automates compliance with new SWIFT versions through prebuilt SWIFT transformation rules released months before the new version is supported on the SWIFT network
- Enables rapid analysis of changes and automates the upgrades needed to comply with new SWIFT versions
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Enables smooth transition to SWIFT MX and supports other financial standards, such as SEPA, ISO 20022, BAI, FIX, CREST, and NACHA, in any type of architecture (legacy, SOA, and proprietary) and across multiple environments (EAI, ESB, and data integration)
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Supports transformation and ensures syntactic and semantic validation of all SWIFT messages
- Includes reference data such as the BIC directory and support for ISO 20022 data dictionary
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Exchanges data by transforming customer documents (in Excel, Word, and PDF, etc.) into SWIFT and sending them human-readable documents
- Economically connects to the 8500 member SWIFT network via Informatica and SWIFT Alliance Lite
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Accesses all back office data through automated extraction and transformation of proprietary data from ERP/Order Management systems into SWIFT.
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Integrates massive volumes of both batch and real-time data—residing both inside and outside your enterprise