Overview

OpenText™ SWIFT Service Bureau provides quick and cost-effective access to the SWIFT network without the administrative burdens and costs of managing the SWIFT infrastructure. This certified SWIFT banking system resides on a global and private cloud-based integration platform, enabling and streamlining SWIFT services between financial institutions and their counterparties.

How OpenText SWIFT Service Bureau benefits business

Reach multiple counter parties

Efficiently interact with custodian banks, local market infrastructures and corporate customers with direct access to the worldwide financial community.

Reduce integration costs

Leverage efficient SWIFT integration alongside OpenText’s technical infrastructure and expertise for, eliminating the need to invest in infrastructure, maintenance, updates and personnel.

Enhance visibility

Increase transparency, achieve shorter settlement cycles and expedite inquiry resolution with an end-to-end view of transactions and inquiries in the SWIFT messaging network.

Increase flexibility

Utilize multiple SWIFTNet message standards to meet specific organizational and counter party needs.

Improve straight through processing

Use SWIFT messaging standards and market practices developed collaboratively with the financial community to ensure straight through processing of all financial transactions.

Why OpenText SWIFT Service Bureau?

Expansive global reach

Address the concerns of doing business globally by utilizing a SWIFT partner that has a presence in major financial centers around the world.

Certified partner

Leverage OpenText’s SWIFT Service Bureau Partner status and SWIFT Shared Infrastructure Program (SIP) certification to identify best-in-class providers.

Key features

Network protocol mediation

Enables a wide variety of secure internet protocols, including AS2, AS3, SFTP, FTPS, HTTPS and MQ, to send data to the SWIFT Service Bureau.

Message transformation

Offers any-to-any transformation services through the SWIFT messaging network to convert messages to and from SWIFT MT/MX, ISO20022, ACH, EDI (ANSI and EDIFACT), as well as many other proprietary data formats.

Data enrichment

Provides aggregation and disaggregation of data from multiple disparate sources, allows files and messages to be split, merged or restructured, and offers additional data enrichment and data validation services.

Financial institution and corporate onboarding

Helps manage the end-to-end implementation process for new service bureaus with a proven seven-phase onboarding methodology, including connectivity, map development and end-to-end testing.

Non-SWIFT connections

Enables establishing and managing connections to counterparties that are not SWIFT-enabled through direct SWIFT integration protocols and APIs, including accommodating file transmissions up to multiple gigabytes, between counterparties.