Infrastructure

12:19 PM
Connect Directly
RSS
E-Mail
50%
50%

SWIFT Announces Release 7.0

Global financial messaging services provider SWIFT today at Sibos announced its next major release, which will be rolled out in 2011.

Global financial messaging services provider SWIFT today at Sibos announced its next major release, which will be rolled out in 2011.

Release 7.0 will be SWIFT's first mandatory release since 2007, and will affect both SWIFTNet messaging and connectivity through Alliance and third-party interfaces.

"SWIFT functions as the central nervous system of global financial services," said Fabien Vandenreydt, head product manager, SWIFT. "This update is the equivalent of an upgrade to global finance’s OS. Underlying the whole project is our commitment to reduce the total cost of ownership for SWIFT users and deliver improved interoperability."

He added release 7.0 addresses new functionality requested by customers, aligns with new technology and messaging features.

Other benefits SWIFT says will come as a result of the new release include:

  • A more modern, web-based graphical user interface framework for the entire Alliance family
  • Automated operations
  • A customer-hosted database
  • Support for disaster site recovery
  • Easier installation/configuration management
  • Easier integration of FileAct flows
  • New web services to query the messages and events in Access
  • Comment  | 
    Print  | 
    More Insights
    Register for Bank Systems & Technology Newsletters
    White Papers
    Current Issue
    Bank Systems & Technology Dec. 2, 2014
    BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
    Slideshows
    Video
    Bank Systems & Technology Radio
    Archived Audio Interviews
    Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.