ecs-app-web-logo-160

IMS Swift Platform

Swift Message Administration

Middleware services between core-systems
& Swift infrastructure of an Enterprise

IMS Swift Platform ~ ECS’ Swift Message Administration Services

A series of message administration services for managing the preparation, validation, processing and transmission of messages that are exchanged via Swift Network. Messages coming in from the Swift network are captured, categorized, parsed, enriched, validated and delivered to internal applications in preferred formats, protocols and schedules.

Platform Roles/Functions:

  • Create MT & MX Messages using Forms, Smart Forms, Templates
  • Manage Reference Data & SSI Tables for Enrichment & Validation
  • Reconcile with Ack and Update Status
  • Dashboards by BIC, Branch Code, Message Type, Department Ownerships
  • Visibility & Controls, Approval Cycle, Release Time
  • Gather from all source systems, validate, distribute
  • Gather from Swift for all BICs and Branch Codes
  • Keep golden copies of all messages
  • Deliver copies of messages to internal applications & interested parties in any format/protocol
  • Eliminate complex message routing rules, engage data subscription
  • Control message subscription using Schedules
  • Engage Gates that can be Opened/Closed for both Real-time and Batch intake/delivery

Gathers messages from every department within the enterprise. Parse, store, categorize, prepare, enrich, validate, approve and transmit. Deliver to the appropriate counterparties globally via the Swift network. Process responses. Capture all incoming Swift messages, accept, process and deliver to interested parties.

IMS Swift Platform ~ Features

Visibility & Control

  1. Department views, Role based access & Entitlements.
  2. Approval Cycles, Filters, Release time controls.

Event Management & Notifications

  1. Generate and deliver events to interested parties.
  2. Notifications dashboards for all events that require manual intervention.

Repair Stations

  1. Receive and process Nacks from Networks and Counterparties.
  2. Match against original message and update the status on real-time dashboards.
  3. Failed messages result in notifications posted in dashboard and emails sent to interested parties.
  4. Interface for repairing source message, target message or simply reprocess after updating reference data tables with any missing information.

Advanced Features

  1. Swift GPI for real-time tracking of funds, identify best routing and for re-routing.
  2. Swift Securities View for tracking securities, early intervention, amendments, cancel/correct etc.
  3. No need to invest on Swift Infrastructure, Swift Expertise or Swift Support.
  4. Swift Services include Swift Service Bureau for Connectivity, Swift BIC for transmission, Service Hosting and Cloud Services.

SWIFT Service Bureau

  1. PREMIER Certified SWIFT Service Bureau, hosted on SOC Certified data centers.
  2. SWIFT Certified Engineers for managing services, connectivity, data exchange, RMA, certificates, CSP etc. Retire SAA gracefully.

SWIFT Datawarehouse

  1. Store copies of all messages and related data elements in well-organized relational database tables.
  2. Link data elements by underlying transaction for audits and reports.

SAA archives

  1. Historical messages from older versions of SAA can be imported to the IMS Platform.
  2. The messages can be made accessible through web-interface.

IMS Swift Platform ~ Benefits

Service Benefits

  1. Handles all aspects of Swift message administration with complete visibility and control extended to appropriate departments by Message Type, BIC, Branch Code etc.
  2. Track the state of status of underlying transaction.
  3. Caters to all Business Departments.
  4. Addresses the needs of Operations, Compliance and Technology Departments.

Platform Readiness

  1. ISO 20022
  2. Swift GPI: Tracks money at real-time.
  3. Swift Securities View: Early Intervention and corrections for securities.

Infrastructure & Operations Cost

  1. No need to invest in Swift related infrastructure.
  2. No need for Swift Expertise in-house.

IMS Swift Platform ~ FAQ

What does IMS Swift Platform do?

The platform sits between the core systems of an enterprise and the Swift cloud and offers the ability to reach 100% STP with all internal applications while exchanging data with the outside world via FIN for ISO 15022, InterAct for ISO 20022 and FileAct for non-validated messages.

What are some of the key components of IMS Swift Platform?

  1. Connectivity Services
  2. Message Library
  3. Message Mapping (between proprietary & standard)
  4. UI for IT Departments, Operations, Exception Handling etc.

What are the tools available within IMS Swift Platform?

  1. GUI based Message Mapping Tool
  2. Other message mapping methods (XML based and Table based)
  3. Workflow Manager
  4. Data Flow Manager
  5. Data Subscription Service
  6. Gateway Scheduler

What are some of the readily available Message Mapping Objects available in IMS Swift Platform?

  1. CSV to MT/MX/XML
  2. MT/MX/XML to CSV
  3. MT to MX
  4. MX to MT
  5. CBS/ERP/OMS export formats to MT/MX
  6. MT/MX to CBS/ERP/OMS input format

IMS Swift Platform ~ Demo

Get in Touch

Talk to an ECS Analyst to explore our Risk-free acquisition model and to access an Evaluation Instance that may represent your needs.

Book a Demo
ECS Fin - A Systems Approach to Messaging & Transaction Processing Solutions

ECS Fin is an engineering enterprise that specializes in process optimization. We design software solutions with a systems approach to transaction processing.

Facebook-f X-twitter Jki-linkedin-light Instagram Youtube

Quick Menu

Products

Quick Contact

50 Main Street #1000-1036 White Plains, NY 10606, New York

© 2024 ECS FIN. All Rights Reserved.