Deutsche Bank has implemented SunGard's Step Mint technology to consolidate its financial messaging operations and manage its migration to the SwiftNet IP network.
SunGard says Deutsche Bank has completed the consolidation of its global financial messaging to a Global Messaging Architecture (GMA) using the Mint middleware package as the foundation.
The bank was running multiple gateways to Swift and the decentralised nature of its IT operations led to complex and costly infrastructures, supported by individual local teams across the globe. Swift's move from x.25 to SwiftNet sparked the GMA project to ensure SwiftNet compliance without the need to invest further in legacy applications, says SunGard.
The Step Mint application provides a flexible infrastructure for message routing and delivery and acts as a hub that handles all communications across applications, networks and branches, offering external interfaces to Swift, Crest and other utilities.
SunGard says the technology has helped Deutsche Bank recognise the benefits of consolidation by reducing its Swift connection points from 42 to 2, with global gateways in Frankfurt and London. The bank is also using the MintNet routing application to deliver messages internally across branches and lines of business.
Tom King, president of SunGard's Step business unit, says: "By choosing Step Mint for this project, Deutsche Bank is now SwiftNet compliant, is able to easily build out new services globally, and is well positioned to take on-board other SWIFTNet services, such as Real Time Cash Reporting, EBA Step2 and Target 2."