The South African financial market makes payments and securities-related transactions through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. Strate manages one of Africa’s largest SWIFT infrastructures and allows clients access to the SWIFT network through this infrastructure. Strate’s centralised SWIFT Services allow market players to save costs and, ultimately, introduce new efficiencies to their own organisations.
Strate’s Gateway Services provide the South African financial market with an alternate mechanism to send and receive International Organisation for Standardisation (ISO) 15022 format messages directly to and from Strate, thereby realising cost savings. The Gateway application processes and routes messages to and from the required Strate target application and stores a copy of the messages on a database at Strate’s high availability infrastructure. The messages are stored for five years and thereafter archived.
Should you be interested in one of these IT Services, please email info [at] strate.co.za.