SWIFT for Corporates

SWIFT is a worldwide network that was developed by the banking industry, and most recently has become available to non-financial corporations as well. Today, there are well over 9,000 banking organizations, securities institutions and corporate customers in 209 countries that exchange millions of standardized financial messages through this network.

A Comprehensive, Cost-Effective SWIFT Messaging Solution

Fundtech’s SWIFT for Corporates solution provides a comprehensive and highly cost-effective service bureau approach to connecting your corporation to banks worldwide through SWIFT. Up to 50-80% of the upfront costs, as well as ongoing operational and maintenance costs, can be reduced versus an in-house SWIFT solution. Instead, a corporation’s treasury and IT departments can focus their budget and staff resources on other strategic areas.

The solution includes everything your company will need now or in the future, including:

• All software, hardware and support services required for SWIFT connection
• Access to SWIFT FIN, FileAct, InterAct and Browse services
• Deep SWIFT, treasury and banking expertise
• A professional project management and implementation team
• Unmatched global coverage, providing 24x7 support and multi-regional project teams
• Ongoing support for daily operations, all upgrades and any disaster recovery required
  

Best-of-Breed Global SWIFT and Service Bureau Provider

With the merging of BankServ with Fundtech, clients can now benefit from the combined technology and service offerings of both companies. The result is a best-of-breed SWIFT solution that leverages the powerful and SWIFT qualified IGTplus technology platform, the world’s largest service bureau, as well as our combined expertise and experience in deploying and supporting this solution, both within the US and globally. Well over 500 banks and corporates in more than 30 countries trust us with their SWIFT operations.

Fundtech highlights:

• 50th corporate client has started to work with Fundtech
• SWIFTReady Connectivity Best Practice Label & SWIFT for Corporates Certified ServiceBureau Label
• Global SWIFT service bureau with 6 data centers (2 in Switzerland, 2 in UK, 2 in USA)

In addition to IGTplus, Fundtech will continue to fully support existing TurboSwift and TurboFileAct clients.

Deep SWIFT, Treasury and Banking Expertise

SWIFT is still a relatively new concept to most non-bank corporations. As such, it is essential that their service bureau partner can understand and guide them through the process of establishing a successful SWIFT connection.

Fundtech has successfully connected over 500 corporations and banks to SWIFT since 1995. We have worked hand-in-hand with each client to establish the right SWIFT membership type, understand and format different message types to enable straight-through processing and work with their banks, even those located in the most remote areas of the world. We work to prevent your organization from running into delays and increased costs. And eBAM.

Key Expertise Areas:

• Integration of SWIFT messaging with middleware products, treasury management and ERP systems.
• Established SWIFT eBAM strategy to lead market adoption of the solution
• Established Special Expertise partnership with SAP: SAP BCM/IHC/PI/SWIFT Integration

Unmatched Global Customer and Technical Support

A competent team of over 100 employees supports service bureau customers in all aspects from implementation, project management for bank on-boarding to ongoing operations. Qualified help desk and first level support are provided during office hours in the customer’s region. Globally operating customers benefit from high quality support in different geographical areas covered by one agreement and one service level. Our support team has in-depth competence in SWIFT, banking, treasury and business processes and operational aspects.

Key Highlights:

• 99.9% availability and 24 x 7 local support
• SAS-70 type II compliant
• Fully redundant disaster recovery
• 6 data centers (2 in Switzerland, 2 in UK, 2 in USA)