SunGard says Dresdner Bank has bought its MINT application to upgrade to SWIFTNet. With the mandatory change from X.25 to IP on the SWIFT Network, Dresdner Bank, like all other SWIFT member banks, is obliged to upgrade to the new messaging standards by the end of 2004.
SunGard says Dresdner also needed a solution to consolidate network operations for multiple SWIFTNet application services such as FIN, generic FileAct/InterAct, CREST, FIX, Euroclear and Clearstream. “After evaluating around 10 different solutions for SWIFTNet we made a detailed proof-of-concept with three of them,” says Gert Ulott, head of the department responsible for global SWIFT connectivity and SWIFT IT at Dresdner Bank. “MINT turned out to be our preferred solution because it is open to all possible SWIFTNet connectivity solutions and because of SunGard’s commitment to deliver ready-to-use adaptors for major market infrastructures.”
Danny Barsella, president of SunGard Business Integration, said the sale was a prestigious one. “The global traffic of the whole Allianz group companies will be processed centrally by MINT, thus helping to achieve significant cost savings,” he says. “MINT has already proven its advantages and reliability and we are confident that Dresdner Bank’s expectations will be fully satisfied.”