September 16, 2008

Sun Launches Open Suite for SWIFT

Sun Microsystems has introduced Sun Open Suite for SWIFT (Society for Worldwide Interbank Financial Transactions), an end-to-end software and hardware infrastructure offering for corporate treasuries and financial institutions to initiate secure SWIFTNet integration.

The product includes the company's financial services offerings including the Sun Java Composite Application Platform Suite, hardware, operating systems, clustering options, and a partner network for deployment.

Ambreesh Khanna, global head of financial services at Sun, said: "As a market leader in payments, Sun is once again ahead of competition in launching one of the industry's first complete and open SWIFTNet-integration solution. Given the current dynamics of the financial industry, we need to provide innovative technology solutions that are cost-effective, risk-free, and easy to deploy."

Over 8,000 banking organizations, securities institutions, and corporate customers in 208 countries use SWIFT-standardized financial messages.