Infonet Deploys IP Platform for Bank Owned by the State of Luxembourg to Access SWIFTNet
Tuesday January 13, 8:34 am ET
BCEE, A Leading International Bank, Selects Infonet to Provide Secure Access to SWIFTNet Messaging Platform
biz.yahoo.com
LUXEMBOURG & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Jan. 13, 2004-- Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced that in cooperation with its local partner P&T Luxembourg, it has completed an IP implementation for one of the leading banks in Luxembourg, Banque et Caisse d'Epargne de l'Etat (BCEE), to provide it with access to the SWIFT backbone network underpinning SWIFTNet. SWIFT is the industry-owned cooperative that supplies secure messaging services to approximately 7,000 financial institutions in nearly 200 countries.
BCEE is a universal bank owned by the State of Luxembourg that is recognised throughout the world for its reliability and successful financial performance. As a global financial institution, BCEE needs to manage many of its critical financial transactions through SWIFT. With high requirements for service and security, BCEE turned to Infonet to provide it with a reliable, next-generation access method to SWIFT.
According to the agreement, Infonet is providing BCEE with access to SWIFTNet, an advanced IP-based messaging platform that enables secure and reliable communication of mission-critical financial information and transactional data. The Infonet access solution for BCEE combines the security of a private network with the flexibility of the Internet, allowing high-risk operations, such as inter-bank trading activities to be executed over the Infonet-managed MPLS IP network.
"Like all global banks, we strive for optimum network security and end-user support," said Tom Goerens, SWIFTNet migration project manager at BCEE. "We are pleased to work with Infonet to ensure BCEE maintains its leadership in international banking while participating in key industry initiatives, such as SWIFT."
"Access to and effective use of SWIFT and SWIFTNet was of the utmost importance for BCEE. By nature its use could be considered the very definition of a mission-critical application," said David Neal, vice president at Infonet Services Corporation. "We are proud that BCEE recognised our expertise in providing and managing IP access to SWIFTNet and we look forward to continued success with SWIFT implementations in the future." |
