Axway and Axletree Partner to Provide End-to-End Transparency through SWIFT

SCOTTSDALE, Ariz. - Organizations that rely on Axletree's SWIFT Service Bureau can now benefit from greater transparency into their SWIFT transactions through a new partnership between Axway and Axletree. Using Axway's Synchrony™ platform, organizations will have real-time access to the status of their SWIFT transactions, resulting in cost savings and compliance with industry regulations.

"Both Axway and Axletree are longstanding partners of SWIFT, each bringing valuable expertise to the SWIFT community," said Philippe Lecomte, partner manager Americas, SWIFT Americas. "Partnerships like this one add significant value to the SWIFT community as organizations look to maximize their investment in, and use of, the SWIFT network."

Banking organizations, securities institutions and corporate customers rely on SWIFT to exchange and transmit financial information in a secure, timely and reliable manner. As a SWIFT Service Bureau, Axletree provides connectivity to SWIFT for its customers. By partnering with Axway, Axletree will be able to offer its clients a one-stop shop for all their SWIFT needs. As part of the partnership, Axletree will host Axway’s Synchrony platform in its U.S.-based data centers.

"Managing the day-to-day connectivity operations isn't always cost-efficient for small to midsize institutions," said Mohan Murali, president, Axletree Solutions. "By hosting Synchrony in our data centers, our joint customers can rely on our ability to safely and quickly transmit their SWIFT transactions while benefitting from the increased visibility into the status of those transactions as they move through SWIFT."

Axway will contribute its expertise in data integration and supply chain visibility to the partnership. Axway's Synchrony platform will ensure all data is transmitted in the proper SWIFT network formatting and language, reducing errors and saving manual rework. Customers will also benefit by being able to see the current status of each transaction as it moves through SWIFT.

"Financial transactions must cross multiple networks and systems, making it difficult for financial institutions and corporates to quantify their financial standing on things like accounts receivable and cash management at any given moment," said Gilles Granata, business development, SWIFT solutions, Axway. "Axway has a long history in the financial services market; our partnership with Axletree is yet another example of our commitment to providing the solutions needed for multi-enterprise collaboration."

Financial services is Axway's largest market segment — of its 8,400-plus clients, over 1,500 are in the financial services industry. To learn more about Axway's collaborative business solutions, please visit www.axway.com.

About Axway

Axway is the Business Interaction Networks company — the only provider in the market today to manage, run, secure, and monitor all of your business interactions, including email, files, messaging, services, events, and processes. Serving over 11,000 organizations in more than 100 countries, Axway facilitates the multi-enterprise transactions, processes and integration that accelerate business by eliminating the barriers between vendors, customers, departments, partners and suppliers. Axway's comprehensive offerings include business-to-business integration, managed file transfer, secure email, business activity monitoring, enterprise application integration, service-oriented architecture, business process management, track & trace and identity validation solutions. Axway provides professional and managed services, as well as cloud computing and Software-as-a-Service (SaaS) offerings. Headquartered in Phoenix, Arizona, Axway's global presence spans 20 countries.

About Axletree

Axletree provides a comprehensive portfolio of services to address the Information Technology needs of financial institutions with special emphasis on SWIFTNet Connectivity, Implementation, Migration, and Support services through a team of certified SWIFT Professionals who have strong experience in the SWIFTAlliance suite of products. Axletree is the only SWIFT Service Partner and SWIFT Service Bureau based in the USA providing fully-managed end-to-end SWIFTAlliance Access Services using SWIFT Certified Professionals. Axletree operates two data centers in the U.S. and is based in North Brunswick, NJ. Additional information on Axletree can be found at

www.axletrees.com

About SWIFT
SWIFT

is a member-owned cooperative that provides the communications platform, products and services to connect over 8,300 banking organizations, securities institutions and corporate customers in more than 208 countries. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.