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NEW LEVELS OF FLEXIBILITY WITH SWIFT & AMAZON WEB SERVICES

CMO
Rita Medved

INTRODUCTION

Swift has teamed up with Amazon Web Services, Google Cloud, and Microsoft Azure to give the market new levels of application and service flexibility.

The new level of technology gives the SWIFT service user community the ability to connect to SWIFT networks and applications via the public cloud.

Now users have the choice of connecting with one of the three leading providers - Amazon Web Services, Google Cloud and Microsoft Azure. This changes the market for financial messaging connectivity. With unwavering reliability and security, this move provides innovative opportunities for new technologies and services.
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NEW CONNECTION WAY

SWIFT customers can now use the public cloud and no longer have to maintain their own data centers. They have the option to connect via Alliance Connect Virtual . This is a new type of connection, which makes it possible to deploy SWIFT VPN connections with a public cloud provider.

SWIFT noted that this move is part of the realization of its mission. The company noted that it has always supported its customers' strategies to work with cloud solutions.

"Cloud technology has been game-changing for the financial industry over the past decade and will be a key enabler of future forms and flows of money," says Stephen Gilderdale (https://www.swift.com/news-events/news/making-public-cloud-connectivity-reality)

, Chief Product Officer at SWIFT. "We are proud to build upon our existing success with cloud strategies to help our community securely access the SWIFT network across the globe with ease and to benefit from the power of the public cloud."
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NEW OPPORTUNITIES

The ability to use the public cloud offers impressive benefits for financial institutions. This technology can reduce costs, increase flexibility, and leverage automation for compliance. Security and availability remain the same.

SWIFT has ensured work with every cloud service provider to ensure compliance with the Customer Security Program (CSP). This shows the strengthening of cyber security, helping participants improve their security and the integrity of the entire financial system.

The technology has already been deployed by early adopters, which includes companies ranging from new digital banks to global financial institutions. The general availability of Alliance Connect Virtual will be announced in 2022. Along with client companies, we are already starting to prepare for the move.
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