SWIFT and Microsoft have partnered with Bank of New York Mellon (BNY Mellon) to finalize the trial of Cloud Connect, a new payments solution, BNY Mellon announced in a press release on Tuesday (Sept. 24).
Cloud Connect hosts SWIFT infrastructure and enables payment transfers via Microsoft Azure. The new solution will service SWIFT’s 11,000 financial institutions in over 200 countries.
“We focus on delivering world-class solutions that exceed our clients’ expectations,” said Bank of New York Mellon Treasury Services CEO Paul Camp. “Now, helping make SWIFT Cloud Connect real, we are pleased to collaborate with Microsoft to leverage their cloud expertise and advance the frontiers of financial technology, offering a new level of service for SWIFT participants.”