SWIFT launches easy, low-cost connectivity solution

publication date: Sep 15, 2008

Alliance Lite enables new low-volume customers to get up and running on SWIFT in days

SWIFT has launched Alliance Lite, an Internet-based solution to enable new, low volume customers such as corporates and small financial institutions to connect to SWIFT easily, securely and at low cost. The new solution can be delivered in days and installed in minutes, radically simplifying the process of connecting to SWIFT for smaller users. Alliance Lite is also cost effective for low volume customers, with an attractive pricing scheme that enables users to choose either a monthly flat fee or a pay-as-you-go model.

Developed in close collaboration with 15 pilot customers, Alliance Lite requires a standard Internet connection, and is secured with a SWIFT-issued hardware security token – providing the convenience of the Internet without compromising the security of SWIFTNet. A user-friendly interface supports both manual operations through a browser with message data entry, as well as integration with the back office through a lightweight AutoClient.

The solution is designed for customers sending and receiving up to 200 messages a day. In addition, SWIFT’s larger users and partners can take advantage of Alliance Lite to enable their own customers to connect to SWIFT more easily, quickly and cost-effectively.

“Last year, at Sibos in Boston, I promised to make SWIFT simpler,” says SWIFT CEO Lázaro Campos. “Alliance Lite is an important milestone in our delivery on that promise. Users who might not otherwise have benefited from SWIFT now can, and our existing customers can now use SWIFT to reach a broader range of counterparts.”