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Partner's Products
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Partnership with SWIFT
The wide range of sophisticated products that AEG offers ensures clients that their work is running smoothly, supported by efficient time-saving applications, advantageous communication and connectivity, a dedicated well-trained team and a secure environment. A part of these products were created and developed in-house, while others have been selected from highly reputable international partners and subsequently customized by AEG team of experts – ensuring high standard of robust and reliable solutions to meet AEG clients’ satisfaction and retention. In 1997 AEG started a new affiliation with SWIFT which served as a major catalyst in the expansion of the company’s business and services in the Middle East and Africa. This strong partnership has developed in-depth knowledge of all SWIFT systems, especially those within the ALLIANCE software family. Therefore AEG is now the official SWIFT Regional Partner for the Middle East and Africa. As so they act as an extension of SWIFT in handling issues related to marketing, sales, queries and providing assistance. As a certified SWIFTReady Services provider, AEG offers consultancy, full implementation, administrative training, local support and system integration. AEG has installed systems in more than 800 financial institutions in the Middle East, South Asia, Africa and Europe. These systems and services can be divided according to the four types of SWIFT ALLIANCE interfaces:
They include the following product lines:
With SWIFTNet and its new Business Solutions, AEG focuses on SWIFTNet products such as cash management & reporting, corporate access (MA-CUG), ACH systems, FileAct and bulk transfers bank-to-bank and crossborder, EBA Step2, browsing, Web-enabled application and XML-standard.
Service Bureau As of starting to represent SWIFT AEG developed the AEG –SB. AEG-SB is an advanced concept to share the SWIFTNet services in a very secure, auditable, controlled and cost effective manner. As well “The Business Partner-Service Bureau (BP-SB) relationship is just one of several ways SWIFT seeks to optimize its relationship with customers and to give the very best service to the whole of the SWIFT community”, Comments David Pryce, Director, Commercial Channels and Developing Markets, SWIFT.
Service Bureau Concept: The gateway works like a pipe between the bank and SWIFT. Service Bureau or Gateway administrators have no access to the messages passing through the gateway. The AEG SB offers three layers of encryption and authentication:
The AEG has Service Bureau located in Beirut, Bahrain and Cairo and is today the largest service Bureau in the world with more than 400 banks from 40 countries. The customer can freely choose to which AEG SB sites he will connect. Service Bureau connectivity The connectivity from the customer to the Service Bureau can be established using:
AEG-SB offers:
The AEG-SB has Prime & DR sites located in different countries running in parallel guaranteeing perfect connectivity & guaranteeing
(1) avoidance of unpredictable communication failure (2) a reliable, cost-effective & easily expandable set-up (3) the prime site has
two gateways with two separate links to SWIFT. The gateways are operational simultaneously without
interruption. As well, the prime site has a VSAT connection to connect it to any of the AEG-SB DR sites. This solution
is crucial in case of failure of the international lines with SWIFT.
Why AEG-SB connectivity technique is less expensive?
for more info: www.swift.com ![]() |