HELSINKI, Aug. 15,
2024 /PRNewswire/ -- Nomentia, a European leader in
treasury and cash management solutions, is becoming one of the
first vendors to provide Swift's Business Connect service to its
current and future clients. This service empowers Nomentia clients
with seamless Swift connectivity, supported by Nomentia's dedicated
and comprehensive onboarding process.
Business Connect allows Nomentia to seamlessly integrate Swift
connectivity with our applications and cloud services, enabling
secure transactions with the global financial community using
Swift's Alliance Cloud interface. This embedded experience provides
access to over 11,000 financial institutions globally, ensuring a
rapid onboarding process and minimal maintenance. Additionally,
Business Connect simplifies bank connectivity by offering access to
Swift's extensive range of messaging solutions and innovative
services available through Swift's API channel.
Nomentia offers an extensive portfolio of solutions for
payments, cash management, treasury management, and risk management
tailored for treasury and finance teams. A key offering, Nomentia
Bank Connectivity as a Service, enables clients to connect with
banks globally through direct and local connections (such as EBICS)
and Swift Alliance Lite2 for Business. With Swift transitioning
from Swift Alliance Lite2 for Business Applications to Business
Connect on Alliance Cloud, Nomentia will be among the first
treasury management system (TMS) vendors to provide this innovative
solution.
By adopting Alliance Cloud through Business
Connect, Nomentia customers can benefit from embedded Swift
connectivity seamlessly integrated into their operations. Nomentia
will oversee the entire implementation process, ensuring a smooth
transition to Alliance Cloud, which offers enhanced capabilities,
improved straight-through processing, global reach, and minimal
maintenance requirements. By choosing Alliance Cloud through
Business Connect, Nomentia clients will receive comprehensive
services, including relationship management application (RMA) and
Security Officer duties, eliminating the need for clients'
employees to undergo Swift training or use the Alliance Cloud GUI.
Additionally, Nomentia, through Swift, will simplify compliance by
facilitating the mandatory Know Your Customer Security Attestation
(KYC-SA) and annual independent assessments.
"Through Business Connect, our customers can correspond with
banks globally faster than ever," says Tapani Oksala, Head of
Partnership at Nomentia. "As financial operations grow increasingly
complex, our goal is to provide turnkey bank connectivity
solutions, allowing our clients to focus on their core business
activities. By adopting Alliance Cloud through the new Business
Connect service from Swift, accessing bank connectivity becomes
seamless and fully managed by Nomentia."
FOR MORE INFORMATION, PLEASE CONTACT:
Tapani Oksala
Head of Partnerships, Nomentia
tapani.oksala@nomentia.com
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