SWIFT IGTplus Connect - SWIFT Service Bureau

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

Best-of-Breed Global SWIFT Technology 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 messaging 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.

Fundtech highlights:

• World’s largest service bureau with 6 data centers (2 in Switzerland, 2 in UK, 2 in USA)
• Over 500 bank and corporate clients in more than 30 countries
• SWIFTReady Connectivity Best Practice Label & SWIFT for Corporates Certified Service Bureau Label
• SAS-70 Type II certified Servie Bureau

Deep SWIFT, Treasury and Banking Expertise

Many banks and other corporations do not typically have in-house expertise in SWIFT, nor the dedicated IT resources required to successfully implement and support SWIFT for their organization. It is essential that their service bureau partner understand and can effectively guide them through the process.

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, even after the initial implementation, we are there to advise you on how to benefit from emerging solutions, such as 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

A Powerful SWIFT Messaging Platform

The powerful Fundtech IGTplus interface and platform offers a secure, reliable alternative to costly and inefficient multi-bank communication systems. Through one standard platform, banks and corporate treasury can process messages and files through SWIFT’s FIN, FileAct, InterAct and Browse services. The fully integrated data mapping tool further enables straight-through-processing and exchange of even the most restrictive message or file types, regardless of treasury management or other system or country limitations. And, integrated compliance, archiving and reconciliation services are optional services that can be readily integrated into the solution.

Optional Integrated Services:

• IGTplus Conversion Engine – allows financial institutions to convert proprietary messages into SWIFT and other standard messages and vice versa, saving time and reducing costs of conversion.
• Compliance Filter (Co-Fi) – enables customers to implement the requirements of embargo and money laundering legislation.
• Long-Term Message Archive – a simple and efficient solution for the storage of business-critical data.

Highest System Security and Continuous Availability

The service is managed out of our National Data Center in Georgia, and our Disaster Recovery Center in California. Fundtech’s Data Centers are SAS-70 Type II compliant and encompass the physical security, floor plan, network, data security and monitoring tools for ASP Services.

Fundtech’s production and disaster recovery locations each maintain several layers of security systems, including controlled access, television and personnel monitoring, contracted security monitoring, and an emergency action plan. Our standard procedures consist of internal self-assessments, OCC examination and external audits for Sarbanes compliance.

Multi-step barriers and AES encryption protect access to the interbank applications by participating SWIFT members. Each institution controls its own designated security area.

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.