Established in 2002 as the first SWIFT Service Bureau in North America serving both banks and corporates, Axletree Solutions has been providing bank connectivity, service bureau and other innovative solutions across the entire financial messaging supply chain for more than two decades.
Our marketplace has evolved from its initial beginnings of functioning as a SWIFT Service Bureau providing global bank connectivity via SWIFT, to incorporating the breadth of global financial connectivity services including direct connections and API connectivity capabilities.
There are several different ways for financial and non-financial institutions to connect with their counterparties, and each connection method serves a different purpose in the long-term strategy for the bank connectivity program. Working with your service bureau and internal teams helps to figure out the most appropriate bank connectivity method.
We understand how critical it is for our clients to be able to communicate with their financial business partners in a secure and reliable manner. We provide the ability to connect to your business partners via our service bureau, by which seamless end-to-end connectivity with your global counterparties may be established.
We support the below methods of communication via our secure and rail-agnostic solution AxleConnect.
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SWIFT
– Serving more than 11,000 banking and securities organizations in over 200 countries, SWIFT is the market leader in financial message transmission and standards and allows for the secure transmission of financial messages across its global network. -
API
– APIs have emerged as a critical means of B2B, B2C and C2C communication. Many banking and non-banking institutions have adopted this method as a secure means of real-time financial messaging & data streaming. -
Host-to-Host
– Where SWIFT and API services are not available or viable, Axletree supports a vast library of host-to-host connections allowing our clients to communicate with their banking partners based on their unique preferred file formats and security protocols.
To complement our bank connectivity services and Service Bureau offering, our marketplace includes data integration & transformation, payment compliance, treasury automation and business intelligence thus allowing our clients to derive additional business value from our data-rich environment.
What does this mean to you? Simply put, the Axletree marketplace performs critical functions in each step of the end-to-end payment lifecycle.
As a member of the Axletree community, you have access to our SWIFT Service Bureau services as well as the suite of other future ready solutions within our marketplace designed to eliminate the burden of manual processes and risk, thus allowing you to focus on driving increased value to your core business operations.
FAQ
Yes. For the past 20 years, Axletree has served a global clientele as a Premier SWIFT Service Bureau. Axletree’s SWIFT Service Bureau can provide the interface between our clients and SWIFT, managing both the connectivity and infrastructure to do so, as well as providing monitoring, upgrades and general expertise.
Having direct access to SWIFT experts eliminates the need to build a center of expertise internally. The expertise needed is very specific and unique, with daily monitoring and regular technology and standards updates requirements. Thus, by using a service bureau, clients can deploy their limited IT resources for more strategic initiatives.
This is probably best explained by our clients who consistently praise Axletree for the quality of our solutions and services, stating that we provide Peace of Mind through our resilience, high level of expertise, and reliable support. We listen to our clients and build solutions that meet their needs, enhance their clients’ experience and ready our community for the future. This, in addition to our team’s experience with connectivity technology, transformation and integration coupled with banking and reporting expertise, is what makes Axletree stand out as a future-ready partner for your organization, providing a range of solutions beyond our SWIFT Service Bureau capabilities.
We provide general connectivity to your financial counterparties, whether connected to SWIFT or any other connectivity method. Beyond the ability to submit and receive financial messages securely, we can also provide systems integration, control, and visibility to all files and messages sent and received.
Indeed, Axletree can provide connectivity through any mechanism required by either the corporate or their banks. Whether our clients and their banks are connected to SWIFT or not, we can deploy and integrate connectivity solutions ensuring uninterrupted business flows. Beyond the ability to submit and receive financial messages securely, we can also provide systems integration, control, and visibility to all files and messages sent and received.
If SWIFT Connectivity is not relevant to you as a solution, but you still require bank connectivity, then your other option is Host-to-host (H2H), which is an automated solution for high volume data transfer between banks and their corporate clients. Axletree has years of experience connecting banks to their corporate clients’ back office systems, and can also facilitate integration and transformation of payments and reporting formats. Please reach out to us for more information on how we can serve your specific requirements.
Yes, we can set up connectivity to both SWIFT and non-SWIFT connected payment infrastructures regardless of the connectivity channel deployed by the respective payment infrastructure.
Axletree supports a range of host-to-host connectivity methodologies including API. Please contact us for more details.