Microsoft, Sterling Aid SWIFT Users
New tools, service give financial institutions more flexibility when using the SWIFT network.Microsoft Corp. and Sterling Commerce Inc. both are offering banks and financial services companies new connectivity and messaging options when using the Society for Worldwide Interbank Financial Telecommunications SWIFTNet network. Microsoft, at the Sibos 2003 conference in Singapore on Monday, announced its BizTalk Accelerator for SWIFT, which provides integration with legacy systems through a fairly comprehensive set of connectivity interfaces. The new Accelerator supports both FIN, SWIFTs X.25-based store-and-forward financial messaging service, and XML-based SWIFT messaging. The thousands of financial institutions that use SWIFTNet can use BizTalks business activity monitoring capabilities to track SWIFT traffica capability that enables them to create custom dashboards through embedded SWIFT rules, mappings and validations. The Accelerator also includes tools for manual message entry and message repair, according to Microsoft officials, in Redmond, Wash.
The SWIFT Accelerator includes the RosettaNet Payments Toolkit, software that provides financial institutions and their partners with the means to automate payment process for their supply chain transactions.