Swift Service Bureau
NOTIVA has partnered with AxleTree, US – one of the leading SWIFT-certified Service Bureau providers to bring SWIFT services and solutions to banks in India through their fully hosted Swift Service Bureau. This cutting-edge solution will deliver focused guidance, expert insights, and dedicated support to help banks to implement and benefit from industry-leading SWIFT practices. Once the Bank opts for the A4 Service Bureau mode of connecting to SWIFT, the Bank would have ‘Zero Footprint’ of any SWIFT Infrastructure within its premises. The Swift Service Bureau acts as a gateway to SwiftNet, routing all SwiftNet traffic and reduces the Total Cost of Operation (TCO). It is licensed to use Swift Alliance Gateway (SAG) and Swift Certified Interfaces of SWIFT.
Data Security & Privacy
- Swift industry-standard encryption algorithms to safeguard data confidentiality
- Compliant with global privacy frameworks like GDPR, PIPEDA, CCPA, etc.
- Audited and certified against NIST, ISO and SOC standards (SWIFT SIP Certification)
- Military grade security measures, including physical safeguards, encryption protocols, and access controls
- Adherence to all relevant data protection regulations, including India’s Personal Data Protection
- Follows the principles of data minimization and purpose limitation
Cost and Operational Benefits:
- Significant savings compared to in-house Swift connections
- Reduced administration complexity and operational costs
- Insulated from frequent technology changes and upgrades
- Reduced risk of trained manpower attrition
- Allows clients to focus on core competencies
