OpenText SWIFT Service Bureau
Assure compliant SWIFT connectivity for secure global transactions
Overview
How OpenText SWIFT Service Bureau benefits business
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Reach multiple counter parties
Efficiently interact with custodian banks, local market infrastructures and corporate customers with direct access to the worldwide financial community.
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Reduce integration costs
Leverage efficient SWIFT integration alongside OpenText’s technical infrastructure and expertise for, eliminating the need to invest in infrastructure, maintenance, updates and personnel.
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Enhance visibility
Increase transparency, achieve shorter settlement cycles and expedite inquiry resolution with an end-to-end view of transactions and inquiries in the SWIFT messaging network.
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Increase flexibility
Utilize multiple SWIFTNet message standards to meet specific organizational and counter party needs.
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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.
Why OpenText SWIFT Service Bureau?
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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.
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Certified partner
Leverage OpenText’s SWIFT Service Bureau Partner status and SWIFT Shared Infrastructure Program (SIP) certification to identify best-in-class providers.
Key features
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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.
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Message transformation
Offers any-to-any transformation services through the SWIFT messaging network to convert messages to and from SWIFT MT/MX, ISO20022, ACH, EDI (ANSI and EDIFACT), as well as many other proprietary data formats.
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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.
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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.
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Non-SWIFT connections
Enables establishing and managing connections to counterparties that are not SWIFT-enabled through direct SWIFT integration protocols and APIs, including accommodating file transmissions up to multiple gigabytes, between counterparties.
Accelerate the value of OpenText SWIFT Service Bureau
Deployment
OpenText offers a flexible deployment option for OpenText SWIFT Service Bureau.
- Leverage processes and technologies to manage B2B integration requirementsOpenText Private Cloud (Multi-Tenant SaaS)
Professional Services
OpenText Professional Services combines end-to-end solution implementation with comprehensive technology services to help improve systems.
- Get a trusted partner to guide your information management pathYour journey to success
- Propel your business into the future with modern solutionsNextGen Services
- Accelerate your information management journeyConsulting Services
- Unlock the full potential of your information management solutionCustomer Success Services
Training
OpenText Learning Services offers comprehensive enablement and learning programs to accelerate knowledge and skills.
- Meet the demands of all types of users for effective adoptionLearning Services
- Unlimited access to training with personalized tiers to fit your needsLearning Subscriptions
Communities
Explore our OpenText communities. Connect with individuals and companies to get insight and support. Get involved in the discussion.
- Explore ideas, join discussions, and networkOpenText’s forums
OpenText SWIFT Service Bureau
OpenText SWIFT Service Bureau
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Read the overviewOpenText SWIFT Service Bureau
Read the overviewOpenText Financial Hub–Payments Portal
Read the overviewSimplify complex integrations and expedite customer onboarding with OpenText
Read the briefOpenText solutions for transaction banking
Read the overviewThe first step to frictionless payments is a frictionless SWIFT experience
Read the blogUnderstanding SWIFT
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Read the blogCorporate treasuries are going digital with bank solutions
Read the blogThe first step to frictionless payments is a frictionless SWIFT experience
Read the blogUnderstanding SWIFT
Read the blogChoose the right financial technology partner
Read the blogInsights on AI and ISO20022: OpenText helped shape the narrative at Payments Canada Summit
Read the blogCorporate treasuries are going digital with bank solutions
Read the blog-
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a network that allows financial organizations to securely send transaction information and instructions. A system of standardized codes ensures communication and cross-border payment processing is fast, reliable and secure.
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SWIFT integration allows organizations to eliminate manual, time-consuming activities associated with cross-border payments. This helps streamline processes, reduce costs and minimize human error.
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Not every country is part of SWIFT. However, the network is made up of more than 200 countries and territories.
