BOX for SWIFTNet
Functions
SWIFT Connectivity
CBT, InterAct and FileACT
BOX includes a SWIFT certified CBT and connects directly to SWIFTNet via a SWIFT Alliance Gateway (SAG) providing the following functions:
- FIN CBT
- FileAct Store and Forward
- FileAct Real-time
- InterAct Store & Forward
- InterAct Real-time
In addition, for FileAct, the Remote File Handler provided by SWIFT is supported, thus avoiding the necessity to store confidential data outside of the DMZ. For realtime monitoring of the communication layer and tracability of all messages sent and received (FIN, GPA, InterAct) the following tools are included in the product:
- Realtime session layer channel monitor
- Message audit log
A Complete SWIFT solution
BOX offers a complete SWIFT solution including all required functions from the lower communication protocol stacks up to sophisticated application functionality and integration options. All SWIFT services for FIN, FileAct and Interact are supported by one “Single Window Interface” accessing FIN and other SWIFTNet services through a single network. The status and complete history of all messages is stored in a single database avoiding the need to perform laborious searches in several data sources followed by reconciliation between these data sources.
Multi CBT capability
For those users who wish to retain connectivity to 3rd party CBTs, (e.g. IBM WBI-FN or SWIFT Alliance Access), it is of course still possible to set up configurations where different LTs are served by different types of FIN CBT.
Financial Message Transfer
With MERVA it is possible to transfer SWIFT messages directly between MERVA systems thus avoiding the cost which would otherwise be incurred if the messages were sent through the SWIFT network. BOX fully supports this type of Financial Message Transfer (FMT) so that no transmission cost occurs when messages are transferred between several BOX systems, or BOX and MERVA systems, operated by a single institution.