Arkelis, a fully-owned subsidiary of financial messaging provider Swift, today announced that it signed up with KBC to build a new financial messaging platform for their Swift messaging.
With this agreement, Arkelis is implementing a solution for yet another Tier 1 financial institution.
KBC is an integrated banking and insurance group catering mainly for retail, SME and midcap customers in its home market Belgium and certain countries in Central and Eastern Europe. Installing a SWIFT messaging hub for the KBC Group, making use of the newest technologies, enhancing and improving the current functionalities and reducing the maintenance costs, were drivers for KBC to initiate a new financial messaging project. Time to market, future market flexibility and the ability to meet customer demands being the primary requirements, Advanced Messaging Hub (AMH) was the perfect fit.
AMH is a modular, multi-network, high-volume financial messaging solution that can be tailored to an individual customer's needs. Next to the ability to implement their project faster than initially envisaged, AMH is able to meet the stringent security and resilience requirements of KBC.
Hans Cobben, CEO of Arkelis states: "This deal proves the value that Arkelis brings to the leading financial institutions helping banks manage the complexities and maintainability of their financial messaging infrastructures, various standards and interoperability challenges, while at the same time enabling the bank to minimize costs."
"The fact that we no longer have to worry about adaptations in this highly evolving business, means risks will be limited. The fact that Arkelis is part of SWIFT and adheres to its "Failure is not an option" mindset, was definitely one of the reasons to choose for AMH", said Pierre Sleewaegen, Department Head at KBC.