20-12-2011 Arkelis to provide messaging infrastructure to major Israeli financial institutions
Mechelen, Tuesday December 20, 2011
Arkelis, a fully owned subsidiary of financial messaging provider SWIFT, recently signed up all Israeli users of SunGard’s MINT financial messaging platform in a dedicated replacement program the company is conducting in close collaboration with SunGard. With the agreement of amongst other institutions the Tel Aviv Stock Exchange and Mizrahi-Tefahot Bank, Arkelis is setting out a significant footprint in the banking landscape in Israel.
Arkelis’ Advanced Messaging Hub (AMH) is a highly scalable, customisable, multi-network messaging hub. Its flexibility and agility allows financial institutions to quickly adapt their messaging services to new standards, products or services and business developments. Advanced Messaging Hub can be implemented with a low initial set-up cost and is scalable in its roll-out strategy, supporting high volumes in a secure and resilient setting. At the same time, its modern open architecture and ability to co-exist with existing infrastructures allows AMH to maintain a low Total Cost of Ownership (TCO).
“We believe that AMH is the best solution to replace our current messaging infrastructure, enabling us to process our messaging volumes in the most efficient and secure way,” said Eldad Herstig, Vice President, Head of Back Office Division Information Technology & Operations, at Tel Aviv Stock Exchange. “We think that the flexibility and scalability of AMH will help us adapt to the rapid changes in the messaging and business area. The fact that Arkelis provides this messaging solution to other Israeli banks makes us feel comfortable we choose a good solution for our business.”
Hans Cobben, Chief Executive Officer, Arkelis, said “We are delighted by the fact that our Israeli customers have decided to build their new SWIFT messaging infrastructure on AMH. It shows the top MINT customers’ confidence in AMH as the successor of choice and the success of the replacement program we have in place with SunGard.”
About Arkelis Arkelis has become a fully owned SWIFT company in 2010 to play a major role in SWIFT’s 2015 strategy implementation, with a specific focus on SWIFT’s high-volume customers. The company provides solutions and services addressing the need for enterprise wide multi-network messaging of top tier customers in the financial services industry. Arkelis uniquely combines the inherent quality and global support services of a standard-setting, global leader with the focus and speed of an independent technology innovator.
About SWIFT SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 9,700 banking organisations, securities institutions and corporate customers in 209 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.