The Alliance Connect network connectivity products offer a secure, permanent connection to SWIFTNet through the public Internet or the secure managed network of a SWIFT Network Partner:
The new products come with brand new VPN boxes. The VPN boxes create the secure channel between customer premises and SWIFTNet. They deliver the strongest security based on the latest VPN technology. In all three products, SWIFT always provides a resilient setup with advanced fall-over capabilities.
We took the opportunity to lower the pricing where possible for the new products. For our low volume customers the Alliance Connect Bronze is at least 30% cheaper compared to existing Dial-up connections. Alliance Connect Silver developed for our medium volume customers has also become cheaper compared to the current Dual-I, as SWIFT does not charge for the back-up fees anymore.
In order to provide our customers with more flexibility and to lower the implementation costs linked to the network connectivity, we have developed a ‘Do it yourself’ installation possibility. Through the simplified setup of the VPN boxes and the easy to use manual provided with the products, customers can connect the VPN boxes themselves to the infrastructure of the Network Partner or Internet Service Provider. To further simplify the ordering process and offer customers the best price, we will manage the distribution model of the VPN boxes for all Alliance Connect products. We will manage the stock, the pre-configuration, the shipment and the maintenance of the boxes. No separate contract with Network Partners is necessary.
Optionally installation can still be done by a Network Partner or another certified SWIFT partner.
By introducing this new distribution model and the ‘Do it yourself’ option, SWIFT further simplifies the way to connect to SWIFT while at the same time lowering the implementation cost.
Over time the current products will disappear and all existing customers will be upgraded towards the new Alliance Connect products. In order to facilitate the upgrade process SWIFT will, on top of the price reduction for the new Alliance Connect products, subsidise the VPN boxes. The subsidisation will materialize as a one-time discount equivalent to the value of two VPN boxes including shipment.
Existing customers who want to upgrade as soon as possible have the possibility to do this as of April. Customers need to order a new Alliance Connect product, which will be placed in parallel to the old configuration. When the customer is ready, traffic can be switched to the new Alliance Connect product and the old connectivity pack dismantled.
As of September, we will have a more automated approach. This will offer easy to use upgrade forms, more flexibility and cost effective upgrade possibilities all in function of the needs of the customer.
More information on the upgrade scenarios will be made available shortly.