Caja Madrid pilots Alliance Integrator

Published on 19 September 2008
Left to right: José Luis Calle Massa, Director of Clearing, Caja Madrid. Mariano Torano Olivera, Caja Madrid. Fredda Cole, Senior Product Manager, Products, SWIFT. Juan Martinez, Head of Iberia, SWIFT. M. Teresa Fernandez, Documentary Operations Team Manager, Caja Madrid. Enrique Ronda Aguado, Caja Madrid. Christian Sarafidis, Head of Sales Services, EMEA, SWIFT
 
Spanish savings bank Caja Madrid has joined the ranks of financial institutions piloting SWIFT’s new Alliance Integrator solution. The bank has decided to use Integrator to automate Funds flows.

Integrator is a SWIFT-specific integration layer designed to help firms integrate business applications with SWIFT. It was introduced at Sibos this year.

SWIFT’s Funds solution is based on the ISO 20022 compliant standards for funds, and is aimed at maximising straight-through processing rates in the funds industry.

“Alliance Integrator is going to facilitate in a considerable way the exchange of ISO 20022 funds messages,” says Mariano Toraño, Caja Madrid´s finance and systems department director. “This will add value to our relationships with international funds counterparties.”