Grupo Acotel Builds New SWIFT Services on Sun Microsystems
Infrastructure
Cost-Effective Solution Helps Enterprises and Banks Rapidly
Connect to the SWIFT Network
VIENNA, Austria (Business Wire EON/PRWEB ) September 14, 2008 --
Grupo
Acotel today announced that it will launch new SWIFT-ready services
to help corporate and bank customers in Spain better manage financial
communications via the Society for Worldwide Interbank Financial
Telecommunication (SWIFT) platform.
Based on the Sun Microsystems Open Suite for SWIFT, the Acotel solution
is a cost-effective, fully managed service that allows customers to
process payments and facilitate SWIFT communications including account
statements, payments, transfers and debit services without the need to
set up, integrate and support complex infrastructure.
“Our customers are looking for a hassle-free
way to connect to the SWIFT network. While it is important for them to
automate and standardize their financial processes, they cannot afford
programs associated with high upfront and maintenance costs,”
said Carlos Pastor, CEO Red Financiera - Grupo Acotel SWIFT Service
Bureau. “We selected Sun’s
Open Suite for SWIFT solution as it is the most cost-effective and
innovative available today.”
As one of the leading technology providers for the financial services
industry and a firm with a long-standing commitment to SWIFT, Sun is
launching the Sun Open Suite for SWIFT at Sibos 2008 as an
infrastructure solution to kick-start SWIFT projects and consolidation
initiatives. It helps institutions roll out SWIFT-based solutions faster
and with significantly reduced risk.
Leveraging the Sun solution, customers pay Acotel a fixed monthly fee to
use SWIFT services. They are able to order payments through a secure
portal without having to integrate numerous payment systems. Rather than
having to connect to several online banking proprietary services or wait
on month-end reports, they can also view daily, up-to-date reporting,
helping to ensure that all branch account information and payment
details are immediately accessible.
“Using the Acotel-Sun solution is an excellent
way to absorb the visible and hidden costs that are involved in payments
processing,” said Ambreesh Khanna, Global Head
of Financial Services, Sun Microsystems. “This
service would be ideal for any company or institution, as well as for
small banks wanting to improve the cost-efficiency of its SWIFT
communications or join the SWIFT network for a minimum investment.”
The Sun Open Suite for SWIFT solution is designed to kick start SWIFTNet
integration projects, and is made up of Sun's leading-edge financial
services products including Java™
CAPS, as well as hardware, operating systems and high-availability
options dedicated to suit the particular needs of SWIFT participants.
SWIFT recently awarded Sun the SWIFTReady Label in the category of
Financial EAI for the 10th consecutive year, recognizing Sun's flagship
SOA product, Java CAPS.
About Grupo Acotel
Grupo ACOTEL is made up of several highly specialized IT companies
(Communication Management, IT Management, System Engineering and
Software Delivery). Besides SWIFT Service Bureau, SWIFT brings ACOTEL
the opportunity to provide a handful of services to Companies and
Financial Institutions: deployment, integration, development and
operation support related to their SWIFTNet connection. ACOTEL has
become the preferred solution integrator in specific areas: Payments,
Reconciliation, Anti Money Laundering, Treasury ... for the Spanish and
LATAM markets.
http://www.acotelsa.com
Acotelsa, Grupo ACOTEL and Red Financiera are trademarks or registered
trademarks of Grupo Acotel.
About Sun Microsystems, Inc.
Sun Microsystems (NASDAQ:JAVA) develops the technologies that power the
global marketplace. Guided by a singular vision -- "The Network Is The
Computer" -- Sun drives network participation through shared innovation,
community development and open source leadership. Sun can be found in
more than 100 countries and on the Web at http://sun.com.
Sun, Sun Microsystems, the Sun logo, and The Network Is The Computer are
trademarks or registered trademarks of Sun Microsystems, Inc. or its
subsidiaries in the United States and other countries.
See the original story at: http://eon.businesswire.com/releases/swift/acotel/prweb1333704.htm
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