Select components
Which connection type?
There are several ways to connect to SWIFT, Corporates are typically using one of these 3 possibility, depending on their needs and traffic volumes:
Direct connection: Manage your own infrastructure
When looking for maximum flexibility and control, you should choose the direct connection model, and deploy the connectivity products in your premises. This connections is usually installed by high volume users (global Corporates) with millions of payments per year.
This model offers the widest range of integration options and stores all messages and files in local databases.
SWIFT connectivity offering for new customers in this segment is Alliance Access Kit and Alliance Entry Kit
Indirect connection: Outsource your SWIFT connection
When preferring to outsource your connectivity to a third party, you should choose the indirect connection model.
Two alternatives are available.
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Service Bureau for Corporate
These Service Bureaux have a proven track record of assisting corporates to do business with banks worldwide using the SWIFT network.
They will organise your project end-to-end, including:
- Project definition
- Implementation plan with banks
- Connectivity and message formats
- System integration for SWIFT connectivity
- Running and monitoring your service -
Member-Concentrator
Member-concentrators are financial institutions that provide SWIFT access to corporates. They typically take care of the SWIFT administration, the connection to SWIFTNet and message handling, therefore reducing the total cost of ownership.
Alliance Lite: Low volume solution
With Alliance Lite, new customers who plan to exchange less than 200 messages/files per day can benefit from a light connectivity model based on a standard browser and internet connection towards a SWIFT server.
Determine integration needs
To increase straight through processing (STP) and to reduce possible errors, it is important to integrate the SWIFT interface into your back-office with your ERP or TMS system. The following SWIFTReady Application Partners and Service Bureaus provide you with integration tools that are SWIFT compliant.
SWIFT also provides an off-the shelf solution called SWIFTAlliance Integrator, that helps to connect your business applications to SWIFT with minimum effort.
Should you have specific needs, our SWIFT Consulting Services or SWIFTReady Consultancy Partners are also available to provide you with tailor made solutions.
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