Microsoft offers software solution for SWIFT
Microsoft is now offering full availability of its BizTalk Accelerator for SWIFT, a software solution that supports SWIFT messaging for securities and banking transactions. The Accelerator supports SWIFT's connetivity interfaces and SWIFT messages, both FIN and Extensible Markup Language (XML).
The Accelerator is designed to intergrate with existing industry standards such as RosettaNet Payments to enable the automation of corporate-to-bank payments using the SWIFT payment initiation and cash-reporting XML standards.
The solution was launched in October 2003 to early adopters such as investment management institution Siemens KAG and Unisys. Siemens uses the Accelerator as part of a straight through processing (STP) solution developed by consultancy COMIT Gruppe. Dr. Josef Mehl, head of administration securities at Siemens, says: "The combination of Microsoft BizTalk Accelerator and the COMIT soltion provides us with more secure EAI system that automates our trade process. This means guaranteed message delivery and robust handling of statuses and business errors - saving us time and money."