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March 2012
SWIFT Operations Forum Americas (SOFA)
New York, NY
March 6-7 2012
Axletree will be participating in the annual SWIFT Operations Forum Americas to be held in NY. This year at the SWIFT Operations Forum Americas, you will explore how businesses are leveraging globalization and innovation to define growth for the future. A panel of experts will share their perspectives on how organizations are staying relevant in the industry and sharing innovation best practices. Senior leaders from SWIFT will be on hand to discuss how SWIFT is helping the industry to adapt to these changing market conditions. An update on SWIFT's strategy and progress against goals will be provided as they continue to work towards lowering your costs and making different industry networks, infrastructures and standards interoperable.
TEXPO, A Treasury Management Conference
Dallas, TX
March 25-27 2012
Axletree is exhibiting at TEXPO 2012. It is an annual conference that draws attendees from across the country and is widely recognized as one of the leading treasury conferences in the nation. Visit us at Booth 602, InterContinental Hotel, Dallas, TX.
November 2011
AFP 2011 Annual Conference
Boston, MA
November 6-9 2011
Axletree will be exhibiting at the AFP Annual Conference, a premier event attended by over 5000 treasury and finance professionals.This year the AFP will offer an insight into the new trends in treasury and finance along with many case studies.
Press Release
New Jersey, November 3 2011
Axletree Solutions launches new data and operational centers in The Bahamas and Uruguay
Axletree Solutions Inc., a leading provider of SWIFT Connectivity solutions extends its global footprint by launching new data and operational centers in The Bahamas and Uruguay.
With this launch, Axletree has increased its international presence and has moved closer to customers in The Bahamas, The Caribbean and South America.
Axletree is recognized as the leader in SaaS based SWIFT Connectivity solutions and is certified by SWIFT as SWIFTReady Connectivity Best Practice Service Bureau for its resilient infrastructure, SWIFT expertise and customer service.
The key benefit for organizations that partner with a service bureau with multiple data center locations is - the flexibility of routing financial messages to multiple regions in the world while conforming to Safe Harbor Laws and, the ability to receive the same consistent service levels across regions from the same provider.
Axletree's business processes are SWIFT audited and SAS 70 Type II certified with data centers that provide 100% redundancy and equipped with complete HOT DR back up facility.
"Axletree has always met our clients' needs and the setting up of these two datacenters is another step in this direction. The need for setting up a Caribbean Service Bureau was felt by local clients and SWIFT. Axletree's track record and our large Caribbean client base made this a perfect fit for us", said Mohan Murali President, Axletree Solutions.
About Axletree Solutions
Axletree Solutions is one of the most trusted and specialized provider of SWIFT connectivity solutions to Fortune 500 corporations and banks worldwide. It is the nation's first SWIFTReady Connectivity Best Practice Certified Service Bureau recognized for its expertise in SWIFT, resilient infrastructure and top notch customer service. Axletree also provides value added solutions that enhance STP such as Cash and Balance Reporting, Format Translation, Regulatory Compliance, Exceptions & Investigations and Integrated core banking solutions. Axletree serves a wide range of customers globally with headquarters in New Jersey and data and operational centers in Pennsylvania, New Jersey, Uruguay and The Bahamas. For more information visit www.axletrees.com
Press Release New Jersey, November 1 2011
Axletree Solutions And Intellect Technologies Announce Partnership To Provide Integration Services To SWIFT Users
Axletree Solutions Inc., a leading provider of SWIFT Connectivity solutions and Intellect Technologies a SWIFT application development company located in Ukraine announced a partnership to provide integration services to the SWIFT user communities across North America, LATAM and The Caribbean.
The Axletree-Intellect integration service is a combination of expertise in SWIFT and in building SWIFT applications. This allows corporations to rapidly integrate their proprietary treasury applications with SWIFT messaging thereby enhancing STP, improved cash visibility and, lower errors and costs related to manual interventions.
The partnership with Intellect enhances the SWIFT solutions offered by Axletree to its clients by leveraging Intellect's certified experts.
Message transformation between proprietary applications and SWIFT messages is one of the key concerns of SWIFT Users. Often corporations are unable to bridge the gap between proprietary applications and SWIFT messages effectively due to lack of expertise in SWIFT and changing message standards. Globally, SWIFT messaging is considered the gold standard in financial communication. Closely integrated treasury operations with SWIFT can translate to efficient liquidity management; much needed in an age of financial uncertainty.
"We are excited to bring the best SWIFT integration resources to our markets and clients through this partnership with Intellect. Our clients can immediately benefit from reduced integration and STP costs and continue to achieve peace of mind in everything related to SWIFT" said Mohan Murali, President of Axletree Solutions.
"The cooperation between Intellect Technologies and Axletree brings a pool of SWIFT integration expertise to the US and LATAM market that can enhance the adoption of SWIFT in these regions by providing flexible integration solutions" said Dirk Avau, Founder of Intellect Technologies LLC.
About Axletree Solutions
Axletree Solutions is one of the most trusted and specialized provider of SWIFT connectivity solutions to Fortune 500 corporations and banks worldwide. It is the nation's first SWIFTReady Connectivity Best Practice Certified Service Bureau recognized for its expertise, state of the art infrastructure and top notch customer service. Axletree also provides value added solutions that enhance STP such as Cash and Balance Reporting, Format Translation, Regulatory Compliance, Exceptions & Investigations and Integrated core banking solutions. Axletree serves a wide range of customers globally with headquarters in New Jersey and data and operational centers in Pennsylvania, New Jersey, Uruguay and The Bahamas. For more information visit www.axletrees.com
About Intellect Technologies
Intellect Technologies LLC - is a team of highly specialized Java developers who have years of experience with the SWIFT network. We provide expert integration services, related to SWIFT products such as Alliance Integrator and Alliance Access, as well as products for securities and market infrastructures. Thanks to a flexible team of engineers that is available for travel, we have been able to successfully realize projects in Europe, the Middle East and Africa.
September 2011
SIBOS
Toronto,Canada
September 19-23 2011
SIBOS is the financial services industry's premier event. It is also the only event that covers all sectors of the financial community, and therefore attracts in excess of 8000 participants from the financial industry ranging from established financial institutions to application and middle-ware vendors, system integrators, central clearing systems and consultants. Leading experts in their field come to debate and share their knowledge about new technologies, processes, requirements, alliances, efficiency and security. Axletree Solutions will be among the industry leaders participating in SIBOS.
Press Release New Jersey, September 14 2011
Axletree Solutions SWIFT Service Bureau is fully compliant with SWIFT Alliance 7.0
Axletree Solutions, a global leader in providing fully managed end-to-end SWIFTNet connectivity solutions announced today that it's Service Bureau is the first in the United States to be fully compliant with SWIFT's new interface release - Alliance 7.0. The new release is major and mandatory and can potentially impact messaging (SWIFTNet) and connectivity (Alliance) environments as well as operations of SWIFT users.
With the deployment of Alliance 7 in all its datacenters, Axletree is in a unique position to provide its expertise in implementing the new release for customers with an in-house SWIFT infrastructure and a cost effective alternative to those interested in outsourcing their SWIFT operations. Axletree's technical team of SWIFT certified engineers are specialized in and dedicated to SWIFT Connectivity Solutions. It is one of the largest teams in the country that is trained and certified in implementing Alliance 7.
Fred Slavin, Manager, Channel Management, Americas at SWIFT commented, "We are pleased to continue our partnership with Axletree Solutions in implementing Alliance 7.0. The work Axletree does to support SWIFTNet solutions continues to expand these solutions and provides added value to our customers. We expect our partnership to promote additional adoption of SWIFT connectivity in the future."
The SWIFT mandated deadline for the migration is March 2012 and it is important that SWIFT users start planning with a specialized partner like Axletree Solutions. Axletree Solutions is the first SWIFT Best Practice Certified Service Bureau in the United States recognized for its expertise in SWIFT Connectivity solutions, top of the line infrastructure and customer service.
"At Axletree we take great pride in what we do and how we deliver our services" said Mohan Murali, President Axletree Solutions. "We have always been at the forefront of adopting business processes that add value for our customers." "As the first service bureau that is Alliance 7 compliant in the United States we have demonstrated that our customers' come first and are insulated from major changes in the SWIFT environment that can impact their operations significantly."
June 2011
ELUS 2011
Hard Rock Hotel
Punta Cana, Dominican Republic
June 29 - July 1 2011
Axletree is exhibiting at the annual Latin American SWIFT User Community Conference, ELUS 2011.The Central Bank of the Dominican Republic chairs the Group of Users in the country, and together with representatives of the local banks Association and SWIFT has developed a comprehensive agenda, conceptualized in three thematic tracks: the first focuses on themes of finance, markets, and payments systems to analyze current and future trends; the second oriented to SWIFT themes
and the third dedicated to technology and innovation.
SWIFT West Coast Business Forum
Lanham Hotel
Pasadena,California
June 15 2011
Axletree will be exhibiting at the SWIFT West Coast Business Forum. The West Coast Forum will be held at the Lanham Hotel in Pasadena, California.
SWIFT Corporate Workshop
InterContinental Galleria
Houston,Texas
June 7 2011
Axletree will be speaking about BAM and EBAM at the SWIFT Corporate Workshop hosted by Strategic Treasurer. Find out about ways to reduce risk, reduce cost and increase control. Also find out about the roles standards and products play in helping the Treasurer achieve these goals. We will discuss process, standards, the role of technology as well as Digital Identity. For further information and to register visit www.swiftcorporateworkshop.com
May 2011
Windy City Summit
Chicago,IL
May 18-20 2011
Axletree will be exhibiting in the Windy City Summit. The Windy City Summit provides the perfect opportunity to show case products and services to treasury management and financial professionals .Over time the event has grown into a "must attend" and provides attendees with the ideal forum to get up to date on the important topics and issues facing the industry by providing leading industry speakers, high-level keynote speakers. It also provides the perfect opportunity to showcase your products and services to treasury managements and financial professionals.
April 2011
SWIFT Canada Business Forum 2011
Toronto, Canada April 28 2011
Axletree will be exhibiting at the Canada Business Forum in Toronto this spring.More information on the Canada Business will be available soon.
March 2011
Press Release
New Jersey, March 9 2011
Axletree Solutions Service Bureau is awarded SWIFTReady Connectivity Best Practice Label
Axletree Solutions adds another feather in it's cap; it is the first Service Bureau in North America to obtain the SWIFTReady Connectivity Best Practices Label. As a global leader in providing end-to-end SWIFTNet connectivity solutions and services, Axletree's new SWIFT accreditation establishes it as the leader of SWIFT shared infrastructure providers in North America.
The SWIFTReady Connectivity Best Practices Label is the highest form of accreditation awarded by SWIFT to a shared infrastructure provider that demonstrates the highest operational standards and directly supports SWIFT's "Failure is Not an Option" philosophy. Axletree believes in the same philosophy as SWIFT while providing connectivity solutions to its customers worldwide.
"The SWIFTReady Connectivity Best practice label for Service bureaus means peace of mind for the Axletree bureau clients and prospective users" noted David Pryce, Board director of Axletree, "the label is a Best in class recognition and we are pleased that Axletree is the first bureau in North America to have been awarded this status."
The SWIFT accreditation process is rigorous and requires compliance across 32 parameters which are backed up by on-site inspection conducted by SWIFT auditors. Axletree Solutions surpassed all the benchmarks of compliance that include:
- Resilient Infrastructure including Non-redundant disaster recovery infrastructure
- Enablement of Full SWIFTNet messaging services
- Physical and Logical Security
- Resilient Network configuration
- Customer Service Level Agreements
- Availability of SWIFT Certified Experts
SWIFT Operations Forum Americas 2011 (SOFA)
New York NY, Mar 8 - 9 2011
Axletree will be participating in the annual SWIFT Operations Forum Americas to be held in NY. SOFA 2011 has an impressive panel of industry experts from leading global financial institutions. The panel will explore how organizations can focus on growth and the opportunities of increased globalization while still managing costs and risk. SOFA 2011 will feature a series of Work Sessions covering SWIFT offerings related to banking and securities initiatives, such as payment trends, workers' remittances and corporate actions.
Press Release
New Jersey, March 7 2011
Former Executive Managing Director SWIFT (Americas) David Pryce joins Axletree as a Board Director
Axletree Solutions announced today that the former Executive Managing Director of SWIFT (Americas), David Pryce has joined the company as a Board Director. David Pryce joins the Axletree team to help expand its global leadership status amongst SWIFT Service Bureaus and further develop its SWIFT partner business. David will be part of a team providing strategic direction to Axletree. In his 25 years with SWIFT David has proven to be an experienced leader being responsible for teams in Europe, Asia, Americas as well as the Emerging Markets. Among his many achievements in SWIFT, David established the Partner management team and was instrumental in starting the Partner Service Bureau program.
David is also highly respected by SWIFT, its members and partners. He has tremendous insight and vision and is acknowledged for his customer focus and trustworthiness."David brings an incredible wealth of knowledge and wisdom to Axletree Solutions, having run SWIFT as the Executive Managing Director for Americas", said Mohan Murali, President Axletree Solutions. "We are proud that he has joined Axletree, and are excited about paving the way for new alliances with corporations, banks and partners to extend our global reach."
David has over 35 years' experience in the financial industry, initially based in London for Burroughs Machines in their International Banking Division before running teams all around the world for SWIFT. He previously graduated from the University of London with a degree in Mathematics and Computer Science.
"I am delighted to be working with the Axletree team going forward” David said "Partners are tremendously important for both SWIFT and the SWIFT community and Axletree has shown excellent commitment and service delivery to its service bureau clients as well as offering a full range of Partner services. I look forward to helping them further develop their business to an expanded client base and increased global partnerships."
Press Release
New York, NY March 7 2011
Axletree Solutions Partners with Pinnacle Solutions to Offer International Core Banking and Trade Finance Applications
Axletree Solutions, a global leader in providing fully managed end-to-end SWIFT connectivity solutions, and Pinnacle Solutions Incorporated (PSI), provider of the Synergy suite of banking and trade services software, announced today the availability of Synergy suite on Axletree's Service Bureau.
Synergy is a web-based suite of integrated banking applications for payments, accounts, cash management, loans and deposits, trade services, and for corporate treasury multi-bank trade services application. Synergy is now available on Axletree's hosted SWIFT connectivity platform, providing customers with a complete, secure, outsourced, SaaS solution for:
- International payments via SWIFT
- SWIFT messaging
- DDA (current account) processing with SWIFT intraday and end of day statements
- Nostro processing
- Money market lending and deposits with SWIFT confirmations and payments
- Trade Services with SWIFT connectivity for inbound and outbound, including MT798
- Corporate Trade Services with SWIFT connectivity including MT798
- Foreign Exchange with SWIFT confirmation and payments (available 2012)
"Axletree's partnership with Pinnacle Solutions can add tremendous value to our banking customers. With Synergy part of our unique Marketplace of hosted value added solutions, banks can now avail core banking and SWIFT connectivity services through Axletree" said Mohan Murali, President -Axletree Solutions. "This absolutely delights us; we now complete the circle on the service offering to banks."
About Pinnacle Solutions
Pinnacle Solutions Incorporated (PSI) is serving international financial institutions since 1992. PSI delivers consultancy and software solutions in the areas of payments, trade services, cash management (DDA and Nostro), foreign exchange, money markets, lending and credit facilities, customer risk management and systems integration. Synergy is PSI's suite of banking applications providing back-office support for payments, SWIFT messaging, DDA/Nostro accounts, loans and deposits, trade services, bank customer LC front-end and multi-bank corporate LC. Synergy is operational in over twenty countries. For more information please visit www.psi-nj.com.
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