Swift’s decision to decommission its integration platform, IPLA, presents a challenge for banks and financial institutions that rely on it for their daily operations. For years, IPLA has been essential for connecting legacy back-office systems, streamlining AML workflows, and converting message formats between proprietary and Swift MT/MX formats. However, its tight integration with Swift Alliance Access (SAA) has resulted in high complexity, constant maintenance, and escalating costs.

As IPLA is sunsetted, financial institutions must find reliable alternatives that can address these pain points without compromising operational efficiency and compliance.

Symmetree by Axletree: A Powerful Alternative to IPLA

Enter Symmetree by Axletree®—a robust enterprise integration solution that elevates your financial messaging capabilities and serves as a powerful alternative to IPLA.

Symmetree provides seamless any-to-any data format translation, advanced transaction reporting, and secure, unified integration across global financial networks. With support for all key transmission rails such as sFTP, MQ, and APIs, Symmetree is both versatile and adaptable, making it the ideal replacement for platforms like IPLA. Furthermore, Symmetree is proudly Cross-border Payments and Reporting Plus (CBPR+) ready, having completed a rigorous self-attestation process to meet the necessary criteria. Its cloud-native design enhances accessibility and scalability, allowing financial institutions to effortlessly adapt to evolving industry demands and remain future-ready.

Symmetree also secures financial messaging with robust security measures, including end-to-end encryption, multi-factor authentication, and comprehensive audit trails, while reducing complexity and maintenance costs. This comprehensive platform not only meets the ever-changing demands of today’s financial landscape but also ensures operational efficiency, compliance, and control—setting a new standard in financial integration solutions.

Enhanced Features and Added Value Beyond IPLA

Symmetree goes beyond matching IPLA’s capabilities—it elevates them, delivering new features and advantages for unlocking your organization’s maximum potential.

IPLA Features:

Fully integrated with Swift
Supports Swift gpi and Swift RMA Portal
Standard format translation for MT/MX messages
Reporting capabilities for basic financial transaction tracking
Relies on Swift interfaces for communication and functionality

Symmetree’s Added Value:

Fully integrated with Swift but operates independently from Swift interfaces, reducing reliance and lowering the risk of disruptions
Extended format translation capabilities beyond MT/MX, including PAIN, PACS, CAMT, CSV, and more
Dynamic reporting dashboard with real-time visibility into financial activities for faster, more informed decisions
Fully customized implementation to fit your organization’s specific requirements
24/7/365 support from Axletree’s dedicated team of experts

What truly sets Symmetree apart is Axletree’s unparalleled, round-the-clock support. Unlike other service providers, Axletree’s dedicated support team delivers rapid responses and expert solutions to keep your systems running seamlessly—anytime, anywhere. As a client-focused service provider, Axletree focuses on every client’s unique integration needs, ensuring that your operations are always optimized and aligned with your specific requirements.

The Future of Financial Messaging with Symmetree

As Swift’s decommissioning of IPLA approaches, the need for a reliable, future-proof solution becomes critical. In a world of complex financial messaging requirements and service options, Symmetree by Axletree® gives you peace of mind with a reliable solution that effortlessly standardizes your payment flows, integrates your internal systems with your bank and corporate counterparties, and streamlines straight-through processing—boosting efficiency, agility, and control across your financial ecosystem.

With Symmetree, financial institutions can not only replicate the functions of IPLA but also enhance their operational efficiency, reduce costs, and gain greater control over their financial messaging processes. Embrace the next generation of financial messaging with Symmetree, and empower your organization to navigate the evolving landscape with confidence.

Reach out to Axletree’s expert team today to start preparing for the upcoming decommissioning of IPLA and/or discover how Symmetree can elevate your business with seamless integration and advanced financial messaging solutions.

October 4, 2024