Microsoft to Sign Global Partnership Agreement With Swift
Microsoft plans to sign a global partnership agreement with the Society for Worldwide Interbank Financial Transactions, a provider of secure messaging services and interface software to wholesale financial entities.
The announcement signifies a new, higher level of close cooperation between the organizations, under which they will work together to deliver deep industry value and simplify SwiftNet implementation for customers using Microsoft technology. It is a mutual, commercially based agreement between the organizations and will open further opportunities for financial service providers and midsize to large corporations to quickly and easily connect to Society for Worldwide Interbank Financial Transactions (Swift).
According to Microsoft, the development of a Swift partner ecosystem will be an important aspect of the global partnership. Microsoft is providing secure foundation on which an expanded set of trusted industry partners can build and implement solutions for Swift and deliver stronger solutions for customers. It will also increase the choices available to customers, enabling them to better compete through more flexible and scalable financial messaging solutions.
Microsoft BizTalk Server 2009 with BizTalk Accelerator for Swift will enable financial institutions to access a set of Swift solutions and support for protocols, including adapters for SwiftNet FileAct and InterAct, which provide connectivity between Microsoft BizTalk Server and the Swift secure IP network. It also includes business activity monitoring, providing operations managers and business analysts with enhanced visibility into transactions. As well, Microsoft BizTalk Server 2009 will offer extended support of ISO 20022 message repairs, from correcting simple FIN messages to addressing the needs of MX- and ISO 20022-based extensible markup language messages, said Microsoft.
David Vander, worldwide managing director of banking at Microsoft, said: “We are constantly listening to our customers’ feedback, and what we’re hearing from the financial services marketplace today is that they are looking to Microsoft, as a respected leader in enabling payments solutions, to provide increased flexibility beyond core Swift offerings. With BizTalk Accelerator for Swift we are enabling fast and easy system interoperability from bank systems to payments networks, thereby helping ensure that customers receive the best possible solution to their business issues, whatever their approach to payments may be. Microsoft continues to collaborate and invest in a trusted community of partners to develop an ecosystem of payments solutions.”