Banking & Financial Services
~ Over $100 billion in assets
AxleConnect, Symmetree
AxleConnect, Symmetree
Swift gpi Services
Completed
Bank A is a regional financial services institution serving commercial and retail clients across its region, and offering a wide range of banking, treasury, and wealth management services.
Bank A has partnered with Axletree for the past three years. Axletree was brought on board to help Bank A with:
Bank A faced limitations with their existing Swift connectivity and messaging infrastructure. All of their Swift messaging was managed directly through Swift’s Alliance Lite2 (AL2) in conjunction with the Swift Integration Layer (SIL), which created bottlenecks in operational agility with poor visibility, limited routing flexibility between internal systems, and a lack of responsive support.
Bank A’s internal teams also had difficulty onboarding new clients due to the inability to quickly deploy flexible formatting and transformation capabilities within SIL. Team members faced challenges in effectively monitoring the increase in message flows, and simple routing changes between internal systems demanded longer cycles of configuration, testing, and coordination, which added friction to their critical daily operations. Without robust and flexible integration processes, these inefficiencies risked lengthy operational delays and increased costs for the bank, and hindered the scalability of the bank’s services for their client base.
AxleConnect, Axletree’s zero-footprint bank connectivity solution, was administered to connect Bank A’s bank system. This allowed the replacement of both AL2 and SIL in a secure, high- availability environment. Bank A’s Swift profile was migrated to the Axletree Swift Service Bureau with no downtime or disruption to their message flow.
Axletree worked closely with Bank A’s IT and treasury teams to define routing rules and transformation workflows within AxleConnect. This allowed them to direct payment, confirmation, and reporting messages across multiple back-office systems.
Additionally, a customized project within Axletree’s financial messaging transformation and integration platform, Symmetree, was created to support multiple external client formats. This allowed Bank A the ability to take in files from clients and automatically normalize and enrich them before processing. As a result, onboarding timelines were dramatically reduced.
“Innovation is what happens when technology meets collaboration. By partnering closely with the bank’s team, we reduced annual spend by 25%, establishing a high-performance environment that accelerates their client onboarding and time-to-market.”
— Andrew O’Garro,
Senior V.P of Strategic Solutions at Axletree
As a result, Bank A was able to:
The completion of this project marks the complete onboarding of Axletree as Bank A’s Swift Service Bureau and integration solution provider. Bank A’s streamlined financial connectivity through Axletree now:
