Arkelis to provide the global SWIFT09.23.2011
messaging infrastructure for Commerzbank
Toronto, Wednesday September 21, 2011 – Arkelis, a fully owned subsidiary of financial messaging provider SWIFT, announced today that it has been selected to provide the SWIFT messaging technology for Commerzbank.
Commerzbank, a leading bank for private and corporate customers in Germany, operates a global messaging platform based in Frankfurt to support the financial messaging needs of its divisions and locations worldwide. This global platform will be geared to process all of the bank’s SWIFT traffic, including the FIN messaging.
“The objective of Commerzbank’s SWIFT Operations is to be a key contributor toward our long-term success by offering a system that is flexible, agile and that allows us to quickly adapt our messaging services to new products and business developments,” said Stephan Müller, Divisional Board Member Group Banking Operations, Commerzbank AG
Hans Cobben, Chief Executive Officer, Arkelis, said, “We are delighted by Commerzbank’s decision to build their new SWIFT messaging infrastructure on AMH. It once more shows a top MINT customers’ confidence in AMH as the product of choice. We look forward to deepening our relationship with Commerzbank.”
Alain Raes, Chief Executive Officer Europe, Middle East and Africa, SWIFT added: “Commerzbank’s commitment to AMH also demonstrates how a key SWIFT customer can benefit from SWIFT’s strategy of expanding its services with specific solutions for the high-volume customers.”
About Arkelis Arkelis has become a fully owned SWIFT company in 2010 to play a major role in SWIFT’s 2015 strategy implementation, with a specific focus on SWIFT’s high-volume customers. The company provides solutions and services addressing the need for enterprise wide multi-network messaging of top tier customers in the financial services industry. Arkelis uniquely combines the inherent quality and global support services of a standard-setting, global leader with the focus and speed of an independent technology innovator.
About SWIFT SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 9,700 banking organisations, securities institutions and corporate customers in 209 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
About Commerzbank Commerzbank is a leading bank for private and corporate customers in Germany. With the segments Private Clients, Mittelstandsbank, Corporates & Markets, Central & Eastern Europe as well as Asset Based Finance, the Bank offers its customers an attractive product portfolio, and is a strong partner for the export-oriented SME sector in Germany and worldwide. With a future total of some 1,200 branches, Commerzbank has one of the densest networks of branches among German private banks. It has above 60 sites in more than 50 countries and serves more than 14 million private clients as well as 1 million business and corporate clients worldwide. In 2010, it posted gross revenues of EUR 12.7 billion with some 59,000 employees.