IntellectEU will support migration of Swift infrastructure to AWS cloud and provide integration and deployment of API channels, along with ISO 20022 advisory services.

“By working with AWS and IntellectEU, customers can capitalize on their ISO 20022 adoption, to benefit from the processing and exploitation of rich, structured data, while at the same time optimizing their Swift infrastructure costs,” said Sigrid Wiley, ISO20022 Global Lead at IntellectEU.

The payments industry migration towards a richer data standard, based on ISO 20022, will allow banks to move closer to instant payments, enabling them to offer an improved customer experience to both consumers and corporations. As well as being a requirement, the arrival of ISO 20022 is an opportunity to transform and modernize banking processes by moving them to the cloud.

Standing in the way of this is the need for financial institutions to implement substantive changes to their core processes and supporting systems. As an AWS services delivery partner, IntellectEU is uniquely positioned to assist with payment and infrastructure modernization, and migration programs. IntellectEU aims to engage with the wider payments community during Swift Connect Africa in order to gain clarity on the specific needs of the market.