FirstRand Bank to Use Incentage for SWIFT Messaging

FirstRand Bank Limited (Johannesburg), one of the largest financial institutions in South Africa, has selected Incentage's Service Bus (ISB) to replace its existing SWIFT legacy message management infrastructure and to reengineer its worldwide messaging services.

Along with Incentage's format-neutral data management, infrastructure and business activity monitoring modules, FirstRand Bank hopes to more effectively manage challenges in the interbank and intra-bank messaging domains.

The bank plans to complete the migration before the end of the year.

"The selection of the Incentage Service Bus as our application of choice will enable us to remain at the forefront of the messaging arena. The solution's flexibility will allow us to respond rapidly to the ever-changing messaging landscape and leverage off our SWIFT infrastructure in new and innovative ways," says Rob Green, head of payments at FirstRand Bank, in a statement.