More NewsIT2 Secures SWIFTReady Label

IT2 Secures SWIFTReady Label

IT2 Treasury Solutions has been awarded the SWIFTReady for Corporates – Treasury label. The award of this label by the SWIFT Partner Management Team provides an additional certification that is designed to assure clients that IT2 correctly creates and validates SWIFT messages relating to the three key treasury-bank communications requirements:

  1. Bank balance and transaction statement imports.
  2. Settlement management.
  3. Confirmation management.

The certification process tested that IT2 demonstrates compliance with SWIFT standards, messaging services and connectivity.

IT2 currently supports corporate and financial institution clients who use SWIFT as their secure single integration platform for bank communications. IT2-SWIFT common clients include a range of global organisations such as BMC Software, Hunting plc, LCH.Clearnet, MF Global, Pirelli International, SABMiller plc and Tyco International. Some of these clients host and operate a direct connection with SWIFT Alliance, while others use a service bureau to manage SWIFT connectivity. In all cases, IT2 acts as a control hub to schedule, control, monitor, interpret and report on all information transfers with SWIFT.

The IT2 technical validation was performed using the brand new SWIFT connectivity option ‘AutoClient’, which is part of SWIFT Alliance Lite. IT2 certification therefore extends to Alliance Lite, so that IT2 is accredited for all relevant types of SWIFT connectivity, giving clients a full range of choice and flexibility in how they work with SWIFT.

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