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24 September 2019
London
Reporter Becky Bellamy

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Sibos: SWIFT enables customer connectivity using the cloud

SWIFT has expanded its options for customers moving to the cloud.

The provider of secure financial messaging services revealed its initiative to smooth its migration to large public cloud providers such as Microsoft and Google Cloud.

Using the new cloud initiative, SWIFT will develop network architecture and automation templates for customers to ease deployment on "hyper-scale" public cloud platforms such as Microsoft Azure and Google Cloud.

SWIFT has also revealed its new private cloud platform, Alliance Cloud, which will provide a robust option for institutions that want to host their messaging operations on SWIFT-managed infrastructure.

Customer trials are set to begin on its Cloud Connect initiative later this year, with a community-wide service targeted for H2 2020. A phased rollout of Alliance Cloud will meanwhile launch in 2020, starting in Q2.

Craig Young, CIO, at SWIFT said: “Cloud computing is a key enabler of a faster, frictionless future and a powerful catalyst for innovative new services. Our community is seizing its potential, and we are committed to supporting them with a range of connectivity options reflecting their diverse approaches and breadth of needs.”

He added: “These new developments highlight that commitment, while also underscoring our unwavering focus on security and resiliency as we continue to adapt to an evolving marketplace.”

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