ECS’ Swift Connectivity & Network Services
ECS offers Connectivity and Network Services covering all aspects of Swift based communication that includes Swift Service Bureau, Swift Cloud and Swift Business Connect related services.
The PREMIER Certified Data Centers of ECS hosts the traditional Swift connectivity services that allow messaging services and business applications to instantly connect with members of Swift globally for participating in a series of services covering payments, money transfer, foreign exchange, cash management, trade processing, letter of credit etc.
We host a series of banks, investment managers and corporates that utilize our Swift services. While there is physical separation of data between our customers, the connectivity services are shared but logically separated by BIC as well as Branch Codes. This gives our customers large savings from having to maintain their own infrastructure or Swift engineers or Swift Security Officers.
ECS’ PREMIER Certified Swift Service Bureau
Enjoy total freedom from a battery of hardware, software, tokens, network and specialized skills by adopting this one-window solution. Exchange messages via one or more of the Swift Messaging Protocols made available through the ECS Swift Service Bureau platform along with an Enterprise Swift Message Administration Platform.
Standard Features
- Support FIN, FINplus, FileAct, InterAct & WebAccess
- Forms and Templates to create MT or MX messages
- Dashboards to view all incoming and outgoing messages
- Approval interfaces, Maker/Checker, 6-eye rule
- Message/File exchange globally via Swift Fin/FileAct
- RMA Management, Interface to Initiate/Approve/Reject
- Source System Integration and File Uploads
- Route copies of messages to all interested parties
- Encryption & Two-Factor Authentication (2FA)
- Certificate Management and Administrative Tasks
- Monthly Service Report
- Swift Message Monitoring
- ACK/NACK Reconciliation
- Confirm/Statement Reconciliation
- Content Based Routing
- Workflow Management
- Reach 100% STP
Advanced Features
In addition to the Standard Features,
ECS offers advanced features, a series of functions, interface and dashboards addressing the need of every stakeholder, department and user.
ECS’ Swift Cloud & Swift API Services
ECS offers Swift Certified connectivity for business applications for directly interacting with Swift services as well as Swift community via Swift API services.
Swift Business Connect Enabler
ECS Fin’s Swift Business Connect Platform offers a modern, API-driven alternative to traditional Swift connectivity — making it faster, easier, and more cost-effective for financial institutions and corporates to integrate with the Swift network.
Simplified Integration, Zero Hassle
- No Swift training, USB tokens, or certificates required
- No need for traditional components like Swift Alliance Access (SAA), Swift Alliance Gateway (SAG), or Alliance Web Platform (AWP)
- Accelerated onboarding and minimal maintenance
- Lower total cost of ownership with a reduced infrastructure footprint
- Direct API connection to Alliance Cloud for a Swift-compliant integration
ECS’ Swift Data Warehouse
IMS acts as a custodian of enterprise transaction data. The platform safe-keeps all incoming and outgoing messages and the events that follow; Creating an audit trail of confirmations, repairs, responses etc. The data elements are linked by transaction and categorized by BIC, Branch Code, departments, context, categories, ownership, and more. All SAA archives are restored, indexed and made searchable online.
Standard Features
- Safe-keeps all incoming and outgoing messages
- Creates audit trail of confirmations, repairs, responses, etc.
- Links data elements by transaction
- Categorizes by BIC, Branch Code, departments, context, categories, ownership
- Restores, indexes, and makes SAA archives searchable online
Golden Copies
Store copies of all outgoing and incoming Swift messages in well organized relational database tables. Logical separation between BICs, Branch codes, types, Departments and ownerships can be engaged.
SAA Archives
Migrate historical data from all SAA archives from the time of initiating data exchange via the Swift network.
Data Ownership
Dashboards and web-based interface to all stakeholders to own, monitor, track and control their own data exchanged through Swift and other communication networks.
Message Audit
Audit trail on every message sent/received along with Acks/Nacks, including timestamp and ID of every user who has engaged in any operational activities like creation, acceptance, approval, rejection, repair, re-approval etc.
Transaction Audit
IMS links all data elements (messages, acknowledgements, confirms, status messages, source messages, user activities, system events, attached documents, notes made by users etc.) by the underlying transaction as a Transaction Audit.
Advanced Search
Historical messages can be searched by field values, range of values, greater than, less than or specific strings. Search criteria can be preserved for creating views and reports.
Swift Audit Trails & Reports
Generates various types of views and reports required by operations, business, compliance and customers. Executive dashboards with graphical display. Ad-hoc reporting and report scheduling.
Standard Features
- Generates views and reports for operations, business, compliance, and customers
- Executive dashboards with graphical displays
- Ad-hoc reporting
- Report scheduling
EOD Reports
EOD Reports are accountability reports that would be of interest to each department to have a bird’s eye view of all the data received, transmitted, processed, rejected, modified, pending etc. The EOD can be automatically delivered by the close of each business day to every department.
Message Statistics
Message Statistics is essentially an accumulation of the EOD Report that will cover a broader range of dates. It can be weekly, monthly, yearly or for any desired range of dates.
Subscription Reports & Internal Billing
Subscription reports are created by the end of each month based on data requested by each interested party. This report can be used for internal billing or billing customers/subscribers.
Standard Reports
Generates various types of views and reports required by operations, business, compliance and customers. Executive dashboards with graphical display. Ad-hoc reporting and report scheduling.
Data Analytics
Learn customer usage and preferences on spending, preferred channels for specific purpose etc. that can be used to capture bigger market share. Risk Assessment Monitor transactions over any period of time to identify suspicious activities, violation of usage rules, unusual movement of money, balance enquiries, deposits, withdrawals etc. Establish profiles of payer and payee activities for tracking abnormal behaviors.
Swift Infrastructure Support
ECS offers architectural design, planning, implementation, maintenance, and support of Swift messaging and all related services. A team of Swift-certified engineers have been instrumental in re-engineering complex Swift messaging infrastructures for tier 1 banks and corporations, removing unwarranted systems and services, thereby making the process lean, efficient, and highly reliable. Some of the services offered by our Swift-certified engineers are listed below.
Platform Setup & Configuration
- On-premise infrastructure
- Alliance Connect Network
- Alliance Gateway/SwiftNet Link
- SwiftNet PKI
- Hardware Security Module
- Swift Messaging Interface
- Alliance Web Platform
- Routing Rule management
- Relationship Management Application
- Disaster Recovery Site & Business Continuity Planning
Messaging Protocols & Configuration
- FIN, FIN Copy
- FileAct, InterAct
- Swift Web Access
- Swift Micro Gateway
- API calls
Back-office Connectivity and STP
- Files and sFTP
- IBM MQ and Webservice
Workflow Management
- Synchronous Messaging
- Asynchronous Messaging
- Request/Response
- Transaction Processing
Swift CSP
ECS Fin is an entity certified as an Independent Assessment Provider and Cyber Security Service Provider. ECS assesses your environment and takes necessary actions for your applications and related services to comply with CSP controls.
Objectives
- Protect your environment with security strategies
- Knowing and limiting access to ensure security
- Detecting and responding to Payment Frauds
- Control/reduce cybersecurity risks and cyber threats
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