Spain's Banesto and Turkey's Sekerbank are implementing Microsoft's financial middleware technology to manage payments processing and take advantage of the new services being offered by Swift. Microsoft has also receieved SwiftReady Financial Enterprise Application Integration (EAI) Gold accreditation for its BizTalk Accelerator for Swift the first time.
Banco Español de Crédito SA (Banesto)is replacing two existing Swift messaging systems from Mercator and TietoEnator with BizTalk Accelerator for Swift. The bank says it wants to reduce the cost of processing Swift messages and be faster in adopting new Swift services and message standards.
Daniel Garcia, Enterprise Application Integration (EAI) Manager, Banesto, says, "Eventually, we want to extend Swift services, including new standards, beyond our inter-bank relationships to corporate customers."
Sekerbank, a private commercial bank, has implemented BizTalk Accelerator for Swift to manage Swift messages for international trade, funds management and capital markets transactions.
Tanol Türkoðlu, assistant general manager at Sekerbank, says, "Seventy-five per cent of Swift messages are now created automatically without any human intervention or manual entry. The number of people hired for Swift operations has decreased, and the process cycle of end-to-end messaging has been accelerated." The bank plans to use the Microsoft solution as the middleware for all its financial applications.
At Swift's Sibos conference in Atlanta, Microsoft also announced its BizTalk Accelerator for Swift has been awarded the SwiftReady Financial Enterprise Application Integration (EAI) Gold label for the first time.
Microsoft joins 11 other vendors that hold Swift's gold EAI label.