With this initiative, SIACâs SFTI customers will be able to send and receive the full complement of SWIFT messages to or from any of the thousands of SWIFT-connected counterparties. SunGardâs SWIFT service bureau allows SFTI customers to outsource their SWIFT connectivity needs, helping to make for quick deployment with lower infrastructure and operational costs.
SunGardâs SWIFT service bureau is operated using MINTâs SWIFTNet Platform for SWIFT integration and connectivity. SunGard is a full member of SWIFT. SunGardâs service bureau is a registered SWIFT service bureau and a registered SWIFT ETC provider.
Tom King, president of SunGardâs MINT business unit, said, "We are always looking for ways to bring the benefits of SWIFT to a wider audience. It is a pleasure to work with SIAC and offer their customers a win-win by helping to reduce the cost of SWIFT integration and connectivity."
Bob Davies, regional director, securities, SWIFT North America, commented, "SWIFT is delighted to be working with SIAC and SunGard, extending the reach of the SWIFT community to users of the SFTI network."
"Todayâs communication-driven marketplace demands uncomplicated network architecture solutions. SFTIâs reliable network helps provide SWIFT connectivity, resilience, and continuity of its business operations at the highest level of security," said Marianne Brown, chief executive officer of SIAC.