SWIFT (www.swift.com) manages the worldâs largest network for financial transactions. Each day, more than 9,000 banking organizations, securities institutions and corporate customers across 209 countries trust the member-owned cooperative to safely exchange millions of standardized financial messages.
âWe are seeing increased interest from global corporations to simplify multi-bank connectivity using SWIFT,â said Fred Slavin, Head of Channels and Partner Management, SWIFT Americas. âWe congratulate GXS on achieving the SWIFTReady Connectivity label, since it recognizes the GXS SWIFT Service as an offering with high operational standards and security for SWIFT connectivity.
âThis award further validates our strategy to be the provider of choice for all B2B information flows,â said Mark Mixter, Senior Global Product Manager for Financial Services, GXS. âThis recognition fits well with GXSâs commitment to providing a reliable, global service and we are delighted that SWIFT has recognized our commitment to these high standards.â
The GXS SWIFT Service Bureau, launched in late 2010, allows corporations to exchange payments, securities orders, reporting, and other financial information with their financial institutions through one highly secure, standardized communication platform, without taking on the administrative burdens or costs of managing its associated IT infrastructure. The GXS SWIFT Service Bureau is run on the GXS Trading Grid, the worldâs largest integration cloud that manages more than 10 billion transactions a year.
The SWIFTReady Connectivity program recognizes shared infrastructure providers with best practices in managing electronic financial transactions between companies. The SWIFTReady Connectivity Best Practice Label is the highest form of certification awarded by SWIFT and helps end-users identify best-in-class providers recognized as having the highest operational standards in availability, security, access control and resiliency.
To receive the label, GXS underwent a multi-day on-site inspection of its data centers, including an audit of its service availability, security, access control, disaster recovery, telecommunications, system integrity, financial integrity and change management processes. The GXS SWIFT Service Bureau has also achieved SAS70 Type 2 and SWIFT audit certifications.