SWIFTNet

Over the next 5 years, SWIFT confidently predict that SWIFTNet will become a very important component of the successful operation of international financial markets and institutions.

Technically, SWIFTNet is a highly secure and reliable IP based network. But what will make SWIFTNet more relevant than other secure IP networks is the comprehensive portfolio of products and services that will be provided on it. These products are specified and developed within the financial community and are validated and guaranteed by the most trusted of third parties – SWIFT.

Single Window?

Currently the set of solutions on offer via SWIFTNet includes:

• Cash reporting

• Bulk payments processing

• Securities reporting ¨

• Securities pre-trade/FIX messaging

• e-paymentsPlus

SWIFT has coined the phrase “single window” to convey the fact that customers can connect to all offered applications through their SWIFTNet connection. However, integration is about much more than connectivity. If connected systems are to be truly integrated with the SWIFTNet offerings, then application level interoperability and legacy system support needs to be implemented.

Real advantages

Many applications that will benefit from SWIFTNet already exist; some will need enhancement and some will need to be developed from scratch. If you are to profit from the SWIFTNet “single window” then you are going to have to connect many applications using various technologies (e.g. MQ Series, various database formats, COBOL structures, XML formatted data etc.). Also, to reap the benefits of the solutions offered on SWIFTNet, you could need to enhance your data using look-ups and cross-references. To truly make the “single window” work for you – you need a middleware that allows you to focus more on the business benefits and less on the practicalities of integration and connectivity.

INCENTAGE with SWIFTNet

The INCENTAGE middleware has been enhanced to handle the connectivity to SWIFTNet for you. We have the experience and tools to ease the integration of legacy systems with the XML based solutions offered over SWIFTNet.

INCENTAGE – your gateway to SwiftNet.

Not just SWIFTNet

Although SWIFTNet will provide many useful and critical applications, it will remain necessary to communicate with systems on other networks and supplied by other service providers. INCENTAGE provides you the flexibility to have a true single window. You will be able to connect to FIX, proprietary networks or in-house systems in a flexible rules driven way while also benefiting from the services provided on SWIFTNet.

Investment protection

The INCENTAGE solution provides you with the flexibility to grow at the pace dictated by your business. When you need new functionality or connectivity, then you just re-use and expand the existing INCENTAGE infrastructure.

SWIFTNet brings more flexibility to the inter-institution communication field. With this flexibility comes the overhead of needing to keep up with rapidly changing standards and message definitions. INCENTAGE AG will maintain the standards for each of the services in its data dictionary. In this way, our customers will be able to absorb the changes quickly and accurately.