Bank technology

Arkelis, Red Hat Partner on Technology for SWIFT Messages

By Jackie Stewart February 09, 2012, 3:56 p.m. EST 1 Min Read

Bank technology

Post from Sibos: SWIFT Subsidiary Offers Outsourced Messaging

Arkelis, the former Sungard division that produced Ambit messaging technology, has upgraded the platform and created an on-demand option.

By Penny Crosman

September 21

Through a deal finalized this week, financial institutions will be able to run SWIFT subsidiary Arkelis NV’s messaging hub on Red Hat Inc.’s Enterprise Linux operating system.

The partnership will allow customers to manage SWIFT traffic more effectively, Red Hat said on Thursday. Customers of Arkelis’s hub can take advantage of cost savings from running a Linux-based operating system, Red Hat, based in Raleigh, N.C., said. The message hub from Arkelis was previously available with other software platforms.

“The combined Red Hat and Arkelis solution gives financial institutions the reliability and performance they absolutely require to run their mission-critical messaging applications, all with the cost-effectiveness of Linux-based solutions,” Rich Feldmann, director of financial services industry for Red Hat, said in a news release.

Arkelis, which is based in Mechelen, Belgium, provides financial messaging services while Red Hat manages open source solutions.

Executive Editor, American Banker Magazine

mailto

For reprint and licensing requests for this article, click here.

Bank technology

MORE FROM AMERICAN BANKER

Politics and policy

'We lean optimistic': Bankers hope election outcome will boost loan growth

Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.

By Catherine Leffert

9h ago
Payments

How one industry group is challenging the CFPB's BNPL rule

The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here's what's at stake.

By Joey Pizzolato

10h ago
Election 2024

Election could mean new leaders for key Congressional committees

Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.

By Caitlin Devitt

November 4
Customer experience

'Like qualitative research without having to pay': A bank's guide to Reddit

Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.

By Miriam Cross

November 4
Federal Reserve

Senate Democrats call for another half-point Fed rate cut

Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.

By Kyle Campbell

November 4
Community banking

Community banks hire, promote top executives in October

Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.

By Jim Dobbs

November 4