Simplex's SWIFT Service Bureau enables banks not only to outsource their SWIFT connection but also to outsource associated messaging functionality normally provided by in-house applications.This includes:

	Message reformatting to comply with current and ongoing SWIFT standards
	Support for emerging XML standards to enable participation in new services
	Payment checking to comply with Anti-Money Laundering regulatory requirements
	Data enrichment and data look up to comply with Straight Through Processing rules
	Confirmation Matching to comply with industry requirements
	Nostro and Cash reconciliation to comply with internal audit requirements
	Management Information on SWIFT traffic

Simplex SWIFT Service Bureau provides all this functionality from one secure connection. Incoming and outgoing SWIFT messages are processed in the Simplex SWIFT Service Bureau according to agreed business rules. Whilst customers still have full control and management of their SWIFT messages, the outsourcing of the operation allows the customer to concentrate their operational and IT staff to manage and grow their core banking business and provide better services to their customers.

The connectivity options available via Simplex SWIFT Service Bureau enable customers to maximize their processing, widen their communication channel options, and follow market changes in a timeframe that suits them.