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Microsoft Announces BizTalk Accelerator for SWIFT

First Public Beta Customer, Nicholas-Applegate Capital Management, Expects to Reduce Current Infrastructure Costs by 50 Percent Using New Accelerator

Today at the SIBOS 2003 Conference, Microsoft Corp. announced the BizTalk® Accelerator for SWIFT, a new software solution that will support all SWIFT messages and provide comprehensive connectivity interfaces. In addition to helping to provide a secure, reliable and economically viable messaging platform for securities and banking transactions, BizTalk Accelerator for SWIFT will enable easy integration with existing and legacy systems.

Nicholas-Applegate Capital Management, a subsidiary of the Allianz Dresdner Asset Management of America, is the first public customer to beta test the new accelerator for processing and integration of all SWIFT securities messages. "We expect to save 50 percent in infrastructure costs once we complete our implementation of BizTalk Accelerator for SWIFT," said Daniel Stroot, chief technology officer at Nicholas-Applegate. "BizTalk Server, coupled with the new accelerator for SWIFT, allows Nicholas-Applegate to replace its current post-trade STP middleware with a more cost-effective solution. We also find it's a much more productive environment for our developers."

BizTalk Accelerator for SWIFT uses the latest Microsoft® technology to provide a comprehensive SWIFT connectivity solution with support of SWIFT's connectivity interfaces and all SWIFT messages, both FIN and XML. It also supports the migration and interface requirements for all new SWIFT services. The technology enables disparate internal systems to fully support SWIFT messaging standards.

News source: Microsoft PressPass

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