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Swift chooses Autonomy to power Web site, Intranet and Extranet

24 November 2008  |  2320 views  |  0 Source: Autonomy Corporation

Autonomy Corporation (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise today announced that the Society for Worldwide Interbank Financial Telecommunication (Swift), a global provider of secure financial messaging services and the acknowledged leader in international standards-setting for the financial industry, chose Autonomy to power its corporate website, Intranet and Extranet.

Autonomy's core infrastructure software the Intelligent Data Operating Layer (IDOL) was chosen after a competitive procurement owing to its unmatched conceptual capabilities, scalability and mapped security model.

Unlike legacy approaches, Autonomy's unique Meaning-Based technology can understand the meaning of content from any format including email, audio and video and identify patterns between disparate pieces of information thus boosting efficiency and helping avoid duplication of effort to drive genuine ROI. IDOL indexes in excess of 15 million documents daily and enables over 2,000 SWIFT employees and over 8,600 customers such as banks, brokers and investment professionals to benefit from instant access to sought-after documents, real-time alerts to pertinent information and a single-point access to content stored across distinct repositories and geographical boundaries.

"As a leading services provider for the financial community, SWIFT consistently strives to enable its customers to automate financial transactions by employing cutting edge technology," commented Etienne Castiaux, Head of Information Applications at SWIFT. "The exponential growth of information prompted us to depart from legacy, piecemeal approaches to content management and embrace Autonomy's pan-enterprise platform as the solution capable of meeting SWIFT's requirements to provide both employees and customers with a first-class user experience."

"Autonomy's technology has a solid presence in the financial industry," said Victor Cohen, Regional Manager for Northern Europe at Autonomy. "14 of the top 20 financial institutions and 9 of the top 10 global banks use Autonomy for a variety of business requirement. We are delighted that IDOL has been selected to underpin SWIFT's information strategy."

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