US fintech vendor Fundtech is to provide customers of BT Radianz with access to secure Swift processing via its Swift ServiceBureau.
The vendor says the scheme offers financial institutions an economical alternative to directly connecting to interbank payment and processing services globally.
Fundtech's Swiss subsidiary, Biveroni Batschelet Partners (bbp), which operates the world's largest Swift service bureau, will provide the gateway to BT Radianz customers for a range of services, including secure Swift FIN messaging.
Per Trifunovic, CEO of bbp, comments: "Through the new BT Radianz relationship, we expect to considerably extend the market reach of our Swift Service Bureau and build upon the significant success that we have already realised in providing economical and reliable access to Swift Services to the financial services community."