Microsoft, Sterling Roll Out Options for SWIFT
Microsoft Corp. and Sterling Commerce Inc. are offering banks and financial services companies new connectivity and messaging options when using the Society for Worldwide Interbank Financial Telecommunications' SWIFTnet network.Microsoft Corp. and Sterling Commerce Inc. 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 conference in Singapore last week, announced its BizTalk Accelerator for SWIFT, which provides integration with legacy systems through a fairly comprehensive set of connectivity interfaces. 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 capability to track SWIFT traffic. This capability enables financial institutions to create custom dashboards through embedded SWIFT rules, mappings and validations. Accelerator also includes tools for manual message entry and message repair, according to Microsoft officials, in Redmond, Wash.