Akshay provides SWIFT outsourcing services through its partnership with Financeware.

The Akshay promoted Financeware is a well-established international SWIFT Service Bureau with 66 customers from 13 countries.  This makes it one of the largest Service Bureaus worldwide.

Financeware (http://www.financeware.com.br/ ) is one of the few Service Bureaus that is also certified as a Business Partner – Service Bureau.

According to SWIFT, “Customers can benefit significantly from SWIFT’s Business partner – Service bureau programme as it guarantees a SWIFT-acknowledged solution, continuity and the highest levels of service quality to customers.” (Emphasis added; See http://www.swift.com/index.cfm?item_id=42925).

Further, “These service bureaux operate in a highly secure manner and according to strict SWIFT-defined rules.” (See http://www.swift.com/index.cfm?item_id=41620 ).

Financeware is one of only eight Business Partner - Service Bureaus worldwide (see http://www.swift.com/index.cfm?item_id=43175 for full list) and the only one being actively promoted in the US and the Caribbean.

In North America and the Caribbean, the Financeware Service Bureau is offered in partnership with Akshay Software International Inc., the leading SWIFT service partner in the region.

The Service Bureau offers 24x7 English + Spanish support and 99.9% uptime guaranteed by a Service Level Agreement.

Our pricing is driven by the belief that what makes outsourcing effective is not just outstanding service levels but also a clear and well established cost advantage. We believe that we are the clear price leaders in the North American market.

Small to medium institutions provide the bulk of the Service Bureau’s customer base. The support facilities are therefore geared to understand the needs and provide effective service to such customers.

On the other hand, the Service Bureau processed an average of more than 2,500 messages a day in 2005 and there are several customers with larger volumes so we can easily scale up as your requirements do.

The infrastructure not only provides comprehensive support for FIN (MT) messages but can also support new SWIFT features such as FileAct, XML (MX) messages and SWIFT Solutions. Thus you are able to expand easily into new areas in SWIFT if you choose to.

The Service Bureau also provides a number of additional services, at discounts approaching 80% of what it would cost to have these facilities in-house. These are summarized below.

• Data Transformation (if your application is generating data that is not in SWIFT format).
• Remote initiations of wire transfer requests through EezyWire™.
• SWIFT Alliance Interface and Data Export (SIDE).
• Duplicate Detection (DDA)
• Filter OFAC (OFAC)
• E-Messaging (e-MSG)

Akshay considers itself to be the dominant SWIFT Service Partner in the region.

With the Akshay Financeware partnership, you have an outstanding Service Bureau backed by the highest quality SWIFT services.