Swift users in 61 countries select AT&T network services
13 October 2004 | 393 views | 0
As the world's financial services industry converges in Atlanta for the annual Sibos conference and exhibition, AT&T, one of the key networking suppliers to SWIFT (Society for Worldwide Interbank Financial Telecommunication) today revealed that it has sold 950 connections around the world to connect to SWIFT's advanced IP-based messaging platform, SWIFTNet, enabling world-class security for customers and up to 5 9's (99.999%) of reliability for the respective financial institutions.
To date, AT&T has been selected by SWIFT members in 61 countries around the world. AT&T has secured 359 contracts in Europe, Middle East and Africa, around 366 in the US, Canada and Latin America, and 225 in Asia Pacific.
SWIFT is an industry-owned co-operative that supplies secure messaging services to 7,650 financial institutions in 200 countries. Using its state-of-the-art Multi Protocol Label Switching (MPLS)-based Internet Protocol Virtual Private Network Services (IP-VPN), AT&T connects SWIFT members to SWIFT's secure IP-based messaging platform that underpins SWIFTNet, its new messaging platform.
AT&T is one of only four accredited SWIFT network partners capable of providing network access solutions to SWIFT members. AT&T's position as a market leader has been achieved throughout the world through the ability to deliver its SWIFT solution on a global basis.
"Our success in meeting the complex and geographically diverse needs of SWIFT members around the world not only demonstrates AT&T's global reach but also the ability to deliver secure, reliable solutions for the financial services community," said Frank Verelst from AT&T. "Our resounding success in Europe, the Americas and Asia Pacific demonstrates the depth and breadth of our global reach and our unsurpassed ability to connect across the United States."
SWIFT members worldwide are required to migrate the network access technology for connecting to the SWIFT backbone network from X.25 technology to IP VPN services. The transition to IP will bring a wide array of benefits to SWIFT members including any-to-any connectivity and improved communications efficiency. In addition, IP VPN is more cost effective to implement and to run, while giving greater flexibility and scalability regardless of the platform. Once implemented, members will find that sites can be reconfigured more quickly and easily.
AT&T is exhibiting at Sibos on stand number F121.