SWIFT Service Bureau

B2B / EDI Integration

OpenText SWIFT Service Bureau

Eliminate global financial transaction communication barriers

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Overview

OpenText™ SWIFT Service Bureau provides quick and cost-effective access to the SWIFT network without the administrative burdens and costs of managing the SWIFT infrastructure. This certified SWIFT service resides on a global and private cloud-based integration platform, enabling and streamlining SWIFT services between financial institutions and their counterparties.

Why choose OpenText SWIFT Service Bureau?

  • Expansive global reach

    Address the concerns of doing business globally by utilizing a SWIFT partner that has a presence in major financial centers around the world.

  • Certified partner

    Leverage OpenText’s SWIFT Service Bureau Partner status and SWIFT Shared Infrastructure Program (SIP) certification to identify best-in-class providers.

How SWIFT Service Bureau can benefit business

Discover the advantages of using OpenText SWIFT Service Bureau

Read the overview
  • Reach multiple counterparties

    Efficiently interact with custodian banks, local market infrastructures and corporate customers with direct access to the worldwide financial community.

  • Reduce costs

    Leverage OpenText’s technical infrastructure and expertise to connect to the SWIFT network, eliminating the need to invest in infrastructure, maintenance, updates and personnel.

  • Enhance visibility

    Increase transparency, achieve shorter settlement cycles and expedite inquiry resolution with an end-to-end view of transactions and inquiries.

  • Increase flexibility

    Utilize multiple SWIFTNet message standards to meet specific organizational and counterparty needs.

  • Improve straight through processing

    Use SWIFT messaging standards and market practices developed collaboratively with the financial community to ensure straight through processing of all financial transactions.

Features

  • Network protocol mediation

    Enables a wide variety of secure internet protocols, including AS2, AS3, SFTP, FTPS, HTTPS and MQ, to send data to the SWIFT Service Bureau.

  • Message transformation

    Offers any-to-any transformation services for converting messages to and from SWIFT MT/MX, ISO20022, ACH, EDI (ANSI and EDIFACT), as well as many other proprietary data formats.

  • Data enrichment

    Provides aggregation and disaggregation of data from multiple disparate sources, allows files and messages to be split, merged or restructured, and offers additional data enrichment and data validation services.

  • Financial institution and corporate onboarding

    Helps manage the end-to-end implementation process for new service bureaus with a proven seven-phase onboarding methodology, including connectivity, map development and end-to-end testing.

  • Non-SWIFT connections

    Enables establishing and managing connections to counterparties that are not SWIFT-enabled through direct connectivity protocols and APIs, including accommodating file transmissions up to multiple gigabytes, between counterparties.

Take advantage of OpenText and partner services

Deployment

OpenText offers deployment choice and flexibility for SWIFT Service Bureau

Professional Services

OpenText Consulting Services combines end-to-end solution implementation with comprehensive technology services to help improve systems.

Partners

OpenText helps customers find the right solution, the right support and the right outcome.

Training

OpenText Learning Services offers comprehensive enablement and learning programs to accelerate knowledge and skills.

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