24 February 2018
Visit www.capgemini.com/worldreports

Soc Gen and Euroclear France choose Sterling Commerce for SwiftNet migration

27 April 2004  |  3988 views  |  0 Soc Gen and Euroclear France choose Sterling Commerce for SwiftNet migration

French bank Société Générale and securities depository Euroclear France have selected Sterling Commerce's Connect:Express Unix software to enable Swift file transfer capability and manage their migration to the SwiftNet IP-based network.

The bank is using Sterling Commerce software to rationalise its use of Swift interfaces and integrate file exchanges. Société Générale previously had 60 interfaces but the aim of the SwiftNet migration is to establish a global platform for all file transfers.

Euroclear France will also use Connect:Express Unix for its move from the FIN X.25-based network to the IP-based network. The company says the objective of the Swift migration is to create additional client communication networks. It now has four file exchange channels - MQ Series, PeSit, FTP and SwiftNet - which support its clients disparate IT systems.

Separately Mizuho Bank and Mizuho Corporate Bank have become the first major Japanese banks to complete their migration to SwiftNet. Mizuho Bank switched over in January 2004 while Mizuho Corporate Bank moved FX settlements in March 2004 and securities settlements this month. The successful migration was the culmination of an 18-month project in partnership with Getronics Japan and Sumisho Computer Systems Corporation.

The banks plan to introduce a number of new interactive network capabilities in the near future, including real time nostro cash reporting, MA-CUGs, trade finance EDI, FileAct and XML settlement.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Denmark's PBS deploys Sterling Commerce platform

Denmark's PBS deploys Sterling Commerce platform

22 April 2004  |  5968 views  |  0 comments
Société Générale licenses Surecomp trade finance system

Société Générale licenses Surecomp trade finance system

16 March 2004  |  3142 views  |  0 comments
LogicaCMG and Sterling Commerce in FileAct messaging pact

LogicaCMG and Sterling Commerce in FileAct messaging pact

20 October 2003  |  3369 views  |  0 comments
Sterling Commerce and Swift partner for bulk file transfers

Sterling Commerce and Swift partner for bulk file transfers

01 October 2002  |  2987 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit http://info.nice.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11669 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10288 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8449 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7984 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7697 views comments | 10 tweets | 14 linkedin

Featured job

Basic c.£90K OTE c.£180K plus full benefits pac...
London based

Find your next job