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  Products & Services -> SWIFT Services-> SWIFT Service Bureau -> Background
 
 


Today SWIFT offers its members more facilities than ever before:

New message services - FileAct, InterAct and Browse
Greater reach - with growing numbers of members and participants
Access to many market infrastructures including Euroclear, CLS, RTGS systems, EBA STEP 2 and many others
MACUGs and the growing interest of corporates to join SWIFT
Message standards used and recognized globally, enabling STP
XML-based business applications

The Simplex SWIFT Service Bureau supports all of these facilities without the need to install a local SWIFT interface for connectivity, a middleware solution for data reformatting or software tools to enable STP. We believe that for SWIFT members, SWIFT connectivity should be a commodity. The Service Bureau was designed specifically to assist existing and new SWIFT members to simplify the implementation and support of SWIFT connectivity, take advantage of the new services and facilities offered by SWIFT, meet regulatory challenges and grow their core business without the high cost of running and maintaining an in-house solution.

This offers customers a cost effective, easy-to-use and operationally secure solution, with quality support. It enables bureau clients to eliminate:

Expensive hardware and vendor software license and maintenance
Expensive communication infrastructures dedicated to SWIFT traffic
Dedicated IT support and operational overheads

Connecting to the Service Bureau provides customers with a secure single window to a widening financial marketplace.


 
SWIFT Service Bureau
Background
Overview
How it Works
Benefits