EastNets, a leading provider of global compliance and payment solutions and services, has deployed its en.PaymentSafe solution to integrate Cairo Amman Bank's major banking modules with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) financial messaging network.
Founded in 1960, Cairo Amman Bank operates a network of branches in Jordan and Palestine, and was the first bank in the world to use the Iris Recognition print for identity verification. Web integrator is a messaging solution to link core banking modules with SWIFT thus enabling local and branch users to monitor, reject and authorize SWIFT messages. The Cairo Amman Bank project involved the deployment of the en.PaymentSafe's mapping engine, web interface, Biztalk integration and mailer capabilities and took only four months to complete.
Web integrator which is a sub module of "en.PaymentSafe" product reinforces Cairo Amman Bank's reputation as a technology leader within its market. This service will enable our client to maximize SWIFT's resources and assure its own customers of the highest levels of financial messaging speed, reliability and security," said Hazem Mulhim, CEO, EastNets.
en.PaymentSafe uses Microsoft BizTalk Server as middleware to connect back office data sources and applications using a wide variety of technical interfaces in the communication layer like WebSphere MQ, Database, Flat file, TCP/IP sockets.
"The compliance and payments integration challenges facing banks such as Cairo Amman Bank demand the most comprehensive, reliable and secure delivery of financial messaging using the SWIFT format and network. EastNets' en.PaymentSafe on the Microsoft BizTalk Server platform provides the unique solution Cairo Amman Bank and other financial services firms need to quickly integrate essential payments and compliance processes," said Karen Cone, general manager, Worldwide Financial Services, Microsoft.
Microsoft BizTalk consolidates all message traffic and offers end users a consistent view of messages from a variety sources with a single access mechanism. It also offers powerful tools to facilitate the implementation of new standards and business processes without affecting legacy systems. The extensive data mapping capabilities of Microsoft BizTalk Server can be used to create SWIFT or other standard financial messages from non-standard data extracts.