SWIFTNet FileAct

SWIFTNet FileAct allows secure and reliable transfer of files and is typically used to exchange batches of structured financial messages and large reports.

SWIFTNet FileAct supports tailored solutions for market infrastructure communities, closed user groups and financial institutions. SWIFTNet FileAct is particularly suitable for bulk payments, securities value-added information and reporting, and for other purposes, such as central-bank reporting and intra-institution reporting. SWIFTNet FileAct is also recommended as replacement for the IFT service.

SWIFTNet FileAct release 4.1

Before its release 4.1, SWIFTNet FileAct was used to exchange files within specific market infrastructures or member administered closed user groups. With SWIFTNet release 4.1, we are also enabling you to exchange files with other financial institutions. These files may use any character set and have any content structure, including any proprietary, national, and international format.

SWIFTNet FileAct is a simple, 'out-of-the-box' service. Once you have registered and put the necessary SWIFTNet connectivity and interface structure in place, you are ready to exchange files. The required connectivity and interface infrastructure is largely the same as the one you will set up for SWIFTNet FIN and other SWIFTNet services.

Akshay helps customers in planning and implementing SWIFTNet FileAct and integrating it with other software products.