SWIFT in business with Alliance Lite2 02 October 2014Boston Reporter: Stephen Durham
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SWIFT has extended its cloud-based connectivity solution, Alliance Lite2, to business applications.
Alliance Lite2 for Business Applications allows selected application providers to combine the value of software applications with SWIFT connectivity in a single package, delivering end-customers the advantages of global reach and secure financial communications across multiple business segments.
The solution provides a secure, cloud-based connection to the SWIFT network and related applications and services, thereby avoiding the requirement for end-customers to host and maintain their own infrastructure.
By using the application, providers will be able to integrate Lite2 with their software application without investing in their own infrastructure; offer efficient and standardised multi-bank solutions; connect their applications with more than 10,500 institutions in 215 countries; and offer SWIFT connectivity as part of their value proposition.
Juan Martinez, managing director of SWIFT Software Business and the SWIFTLab, said: “After a very successful early adopter phase SWIFT has now expanded the benefits of Alliance Lite2 into the software application space.”
“Application providers can now combine the value of their applications with out-of-the-box SWIFT connectivity. For end customers this means the ability to reach more banks worldwide, rapid implementation and secure financial communications.”
Alliance Lite2 is available for cloud application providers in different business segments, including payments, cash management, trade, securities and funds. It will be further developed to new segments and markets; banking applications and on-premises software solutions.
Currently, nine software providers active in cash and treasury management have enabled 25 new corporates to connect to SWIFT using the new solution.
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