IBM Provides Integrated, Secure Infrastructure For Financial Institutions' Communications Channels

New Platform Supports Swiftnet Migration Efforts

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SOMERS, NY - 26 Mar 2002: IBM today announced the introduction of a robust integration infrastructure for financial networks. This infrastructure, based on IBM's WebSphere middleware, delivers a flexible and cost-efficient integration foundation for financial messaging of any kind while reducing operational complexity for financial institutions.

WebSphere Financial Network Integrator solves two issues facing large financial institutions: the requirement to move to SWIFTNet, the Internet Protocol-based network services announced by SWIFT, the world's largest financial messaging services provider, and the growing need for trusted electronic payments in the business-to-business e-commerce space.

Financial networks are evolving quickly. WebSphere Financial Network Integrator provides an integrated, standards-based platform allowing financial institutions to build dynamically on current network technology investments as their businesses grow and change. It also links current financial network integration technologies to business integration technologies such as WebSphere MQ and IBM CrossWorlds.

"Financial institutions are faced with tremendous migration and integration issues and we want to provide them with an integration infrastructure to simplify network management and reduce IT cost," said Mark Greene, General Manager, Global Banking Industry, IBM. "With more than 20 years of experience in financial messaging and expertise in integration middleware, IBM is addressing the financial network headache and helping the financial community take advantage of strategic e-business initiatives."

WebSphere Financial Network Integrator offers an integration base that supports communication channels and provides common infrastructure services such as message warehousing, security, event logging and communication channel administration.

This powerful base is being extended to provide the added value of channel-specific communications, such as the new SWIFT Internet Protocol network. This solution offers customers of MERVA, IBM's current mechanism for SWIFT message handling, a seamless and logical migration to the new SWIFTNet technology.

"Our 7000 global customers require a smooth migration to the new SWIFTNet FIN service," said Luc VanBergen, the SWIFT project manager for SWIFTNet migration. "Being able to process SWIFT messages is essential to the business of financial institutions. At no time can a financial institution allow any outage, even during the migration phase. We are happy that IBM is supporting our SWIFTNet migration efforts with WebSphere Financial Network Integrator."
WebSphere Financial Network Integrator also will support the Trusted e-Payments Initiation solution from IBM, which is based on the Identrus LLC., collaboration model for the electronic commerce market. This solution will allow financial institutions the opportunity to achieve leadership positions in the e-commerce space by providing valuable trust services to their large corporate clients.

IBM will participate in the worldwide SWIFT road show starting in April, 2002. The show will focus on assisting customers who are planning to exploit the new SWIFT Internet protocol (IP) network.

WebSphere Financial Network Integrator with Trusted e-Payments Initiation and SWIFT IP extensions will be available in the second half of 2002, in line with the SWIFTNet roll out.

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