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FIN Renewal: features

The financial industry has long depended on FIN as a robust global messaging service. To address long-term technology needs, SWIFT is renewing its FIN application and underlying technology platform.

Table of contents

Programme objectives

Strategically enhance FIN: SWIFT will move FIN to a modern technology platform and open up data access and protocols. This will facilitate future enhancements, such as interaction with interoperability hubs.

Reduce ongoing operational costs: FIN Renewal represents a significant operational cost savings opportunity, leveraging the power and cost efficiency offered by a modern technology platform. In addition, the technology platform targeted for FIN is already used within SWIFT for other services. This provides opportunities for efficiency gains by consolidating some operational and maintenance activities.

Modernise platform: Even the best technology platforms have limited lifespans. The renewal is being initiated while significant lifetime remains on the current platform, in order to avoid the risks that accompany a platform approaching obsolescence.

In order to achieve these objectives, the FIN application is moving to a modern, powerful, cost-effective and risk-optimised technology platform. The FIN Renewal design strategy is to retain the proven design of the current FIN application, while harnessing the benefits of the new technology platform.

Implementation principles

Two key principles have been established to guide the formulation of the design and implementation plan for FIN Renewal:

No impact on customers: FIN Renewal occurs behind the scenes at SWIFT and does not affect customers' day-to-day use of FIN messaging services. There’s no need to make any changes to your messaging infrastructures, back office systems or operations.

Minimise risks: Under the "Failure is Not An Option" (FNAO) culture, SWIFT has established a strong track record of managing technical, operational, and security risks associated with large programmes. Recent examples include the implementation of our Disaster Recovery Infrastructure (DRI) and the rollout of multiple SWIFTNet releases.

The risk management techniques that proved instrumental to the success of these programmes are used in FIN Renewal. As an added safety factor, several additional risk management techniques have been adopted for FIN Renewal, such as automated code conversion, certain types of enhanced testing and supplemental examination of selected code.


The initiative is being conducted in two phases in order to manage risk and optimise delivery resources. The first phase, the renewal of the FIN Regional Processors (RP), began in January 2011 and was finalised successfully in June 2013.

SWIFT is currently progressing phase 2, which focuses on the Slice Processors (SPs). The SPs manage the routing and safe-storage of messages, value-added services and support functions.

Phase 2 adopted the same successful migration approach used for phase 1 to ensure that customers were similarly unaffected by the process. A renewed SP has been deployed in the vendor test environment since September 2014 to allow the vendor community to perform in-depth testing. The migration of all live and test BICs to the renewed SPs will be finalised by the end of June 2016.

The final phase of the project, which is planned to be completed by the end of 2016, is the renewal of the Slice Control Processors (SCP). The SCP is a logical node that enables user configuration and operation, security and network management in the FIN network.

For more information, please contact your local SWIFT Office.