Union Credit Bank, a Miami-based, independent financial institution serving individuals and small business across southeast Florida, has connected to SWIFT’s messaging network via Alliance Lite, an internet-based service that enables corporates and small financial institutions to link up easily, securely and at low cost.
Fernando Capablanca, president and chief executive officer (CEO) at Union Credit Bank, said: “SWIFT’s Alliance Lite will help us grow our business and get into other areas that traditionally would have been challenging for us. As a result, we can now run our international payment transactions over SWIFT, which will be faster and more secure as well as grow our trade finance business by allowing us to expand our international correspondent banks network.”
The bank will integrate Alliance Lite with a series of software solutions from ECS Financials called Integrated Messaging Services (IMS). ECS Financials is a SWIFT certified solutions partner and provider of architectural designs, specifications, message libraries, dashboards and solutions in the field of middleware and message-based communication.
Alliance Lite was launched in 2008 and today 200 banks and corporations globally are using Alliance Lite to access SWIFT.
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