Financial messaging network Swift is preparing to upgrade its Alliance Lite system, bringing the option of cloud-based connectivity to most customers.
When Alliance Lite was launched in 2008, I distinctly remember reading that no hardware was required at customer premise except USB token. At the time, I used to work for a company that was - and still is - involved in selling conventional SWIFT-connectivity
solutions that demanded lot more hardware and software than Alliance Lite, so I'd followed the 2008 announcement keenly. The second paragraph of this article describing the 2008 version also mentions no other hardware than USB token. I wonder if this new version
is simply an attempt by SWIFT to jump into the "cloud" bandwagon. If yes, that'd be a pity: The very first time I'd heard about SWIFT some 25 years ago, it sounded as cloud-based as anything else does today, just that access to the cloud happened via dedicated
leased lines rather than Internet.
Competitive base, double OTENew York City, NY. USA
© Finextra Research 2015