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Ambit Messaging SWIFT Service Bureau

Outsourcing a bank’s SWIFT environment to a reliable SWIFT service provider that can act on the bank’s behalf to send and receive SWIFT messages to custodians and broker/dealers is a strategic option for banks that want to lower data center and maintenance costs.

SunGard can help with its offering for SWIFT services on its service bureau-hosted messaging gateway. SunGard’s Ambit Messaging SWIFT Service Bureau offers a cost-effective solution to banks that choose to outsource the infrastructure and operations of their SWIFTNet platform without any large initial investment. 

Ambit Messaging SWIFT Service Bureau manages daily operations and systems monitoring, handling all activities required for successful SWIFT operations: all SWIFT formats, RMA, secured login and message signature using PKI. A centrally administered communication hub ensures that communication is conducted through a single point, eliminating redundant messaging operations. Ambit Messaging SWIFT Service Bureau is up to date with SWIFT's annual updates to its libraries and protocols. With Ambit Messaging SWIFT Service Bureau banks are provided a secure and dedicated line to send and receive files throughout the day.

Features

• Hosted at SunGard's business continuity centers with full disaster recovery plans in place
• All received messages are safely stored prior to and after delivery
• Erroneous messages may be fixed automatically prior to sending to SWIFT
• Fully interoperable with the bank’s in-house systems
• Enables in-house applications to send and receive messages in their native formats 

Benefits

• Ensures operational resilience
• Assures message delivery and complete tracking
• Verifies that messages are complete and correct, reducing errors.
• Retrieves and send information from the bank’s custodians and trading parties directly to its applications
• Eliminates the need for bank applications to export messages in SWIFT format
• Provides future growth opportunities to other applications and can be extended to support additional SWIFTNet infrastructures and business solutions, such as FileAct, SWIFTNet Funds, SWIFTNet Exceptions and Investigations
• When using a SWIFT service that requires MX messages, it provides transformations and conversion to XML between back-office formats (MTs or proprietary) and SWIFTNet ISO 20022 MX messages.