Arkelis, a fully-owned subsidiary of financial messaging provider Swift, today announced that Leumi Private Bank - the Swiss private bank resulting of the merger of Banque Safdié SA and Bank Leumi (Switzerland) Ltd as of January 3, 2012 - completed the migration for all of the bank's Swift FIN flows.
Previously using the SunGard MINT messaging platform, Leumi Private Bank decided to migrate from MINT to its designated successor product, Arkelis' Advanced Messaging Hub (AMH). As a multi-network platform, AMH not only offers connectivity for SWIFT messaging but also to domestic networks such as SIC and SECOM in Switzerland. With the recent integration of Banque Safdié SA and Bank Leumi (Switzerland) Ltd, the scalability of AMH clearly shows its value. It is an excellent example how AMH can help to be agile in responding to changing business requirements.
"We believe that AMH is the best solution to replace our current messaging infrastructure, whereby we clearly decided we wanted a solution that could not only cover the functionality MINT provided, but one that would lead us into the future. We were particularly attracted by the ease of interfacing AMH to our core banking system T24," said Graham Pedley at Leumi Private Bank. "The fact that Arkelis is part of SWIFT and the near presence of Arkelis, having an office in Zürich, Switzerland, were also important reasons for choosing AMH."
Hans Cobben, Chief Executive Officer, Arkelis, said, "With Leumi Private Bank as yet another Swiss customer now live with AMH, we are strengthening our footprint in an important geographical area. The fact that they consider AMH to be the right solution, not only for today, but also in the light of future developments, reflects our focus on business needs in the development of AMH."