News from Sibos: Microsoft & SWIFT Sign Global Partnership Agreement

A global partnership agreement with SWIFT signed by Microsoft Corp. signifies a new level of close cooperation between the organizations, under which they will work together to "deliver deep industry value," according to a statement, and also to simplify SWIFTNet implementation for customers using Microsoft technology. It is a mutual, commercially based agreement between the organizations. The development of a SWIFT partner ecosystem will be a key aspect of the partnership. "With BizTalk Accelerator for SWIFT we are enabling fast and easy system interoperability from bank systems to payments networks, thereby helping ensure that customers receive the best possible solution to their business issues, whatever their approach to payments may be," said David Vander, worldwide managing director of banking, Microsoft, in a statement.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio