SWIFT, the financial messaging provider, has announced that customers can now deploy Alliance Access, its flagship messaging interface, on Red Hat Enterprise Linux.
According to SWIFT, financial institutions are increasingly adopting Red Hat Enterprise Linux for core systems because Linux-based systems offer added flexibility and high performance while costing less to install and run. With Linux-based technology, organisations can change and adapt their systems without being tied to a single type of hardware or application provider. The addition of Red Hat Enterprise Linux as a SWIFT-supported platform responds to strong interest from enterprises and demonstrates SWIFT’s commitment to helping the financial community reduce cost and increase efficiency.
SWIFT is collaborating with Red Hat, a provider of open source solutions, to deliver SWIFT applications on the Red Hat Enterprise Linux operating platform. SWIFT’s new Linux offering will provide the same security, reliability and performance as its existing versions for AIX, Solaris and Microsoft-based products.
Prior to launching SWIFT systems on Red Hat Enterprise Linux, SWIFT conducted pilot (beta) tests with several SWIFT customers, including Clearstream. Willy Schockert, director UNIX and ICSD infrastructure, Clearstream, said: “We welcome the SWIFT initiative to support Red Hat Enterprise Linux, since it aligns with our Linux server strategy. Our pilot tests of SWIFT’s Linux-based applications demonstrated that the environment is very stable, with performance levels that met or exceeded our existing UNIX-based systems. The support from SWIFT was excellent and demonstrated their expertise with this new platform. We are now looking forward to moving SWIFT onto Linux in the live environment.”
Red Hat Enterprise Linux support is already available for SWIFT’s Advanced Messaging Hub (AMH), which enables the largest global financial institutions to manage very high message volumes. SWIFT is also launching Red Hat Enterprise Linux support for its Alliance Gateway, Alliance Web Platform and SWIFTNet Link products.
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.
Apps are a critical part of treasury's shift into mobile banking as 67% of treasury and corporate finance professionals said mobile banking services are of particular interest to them in a recent survey.