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Monthly Posts: 2018

The Magic Number Seven for FinOps Suite

 

 

Seven days of the week, seven colors of the rainbow... seven major events for FinOps Suite in 2018! Indeed, this year FinOps Suite will be Allevo's Snow White, so let's meet its 7 dwarves.

 

 

We'll kick off the year with a spring conference by Oxygen Events, dedicated to digital banking, followed by FinMedia's FinTech Forum.

 

Early summer catches us in Amsterdam at the Money20/20 Europe conference and, as soon as everybody gets back to work in September, we're planning on holding an SME & corporate workshop in Bucharest, closely followed by attending the unmatched Sibos in Sydney.

 

As 2018 reaches the end, FinOps Suite will be back home at SWIFT Business Forum Romania and, being one step closer to completion, it will also benefit from a well-deserved prom, as the highlight of our annual User Group.

 

 

1 – Digital Banking – March, Bucharest

Given the increasing share of online transactions, the annual Romanian conference on digital banking will not only tackle current trends in the industry, but also cybersecurity and financial education.

 

2 – FinTech Forum – May, Bucharest

Digitalization, technological progress and innovative business models coming from FinTechs will definitely influence the market more and more, hence an entire day is dedicated to them in an interactive, topical forum.

 

3 – Money20/20 Europe – June, Amsterdam

The conference team is made up of some of the most inventive payments and events professionals globally. Bringing together the entire financial services industry for three days, ideas are created, partnerships are formed and future trends are imagined.

 

4 – Allevo Workshop for SMEs and Corporations – September, Bucharest

Entirely focused on FinOps Suite, the workshop will bring together specialists from Romanian companies of all types and sizes who might greatly benefit from the financial software we are developing as part of our EU-funded TOSS project.

 

5 – Sibos – October, Sydney

This is the very well-known global financial services networking event organized by SWIFT. The annual conference and exhibition connects more than 8,000 executives, decision makers and thought leaders from across the industry.

 

6 – SWIFT Business Forum Romania – November, Bucharest

The event, organized by the Romanian Banking Association and SWIFT, in partnership with Allevo, gathers executives, IT&C specialists, payments and operations officers from financial institutions, as well as representatives of their corporate clients, debating challenges and opportunities for the Romanian banking and financial industry.

 

7 – Allevo User Group 31 – November, Bucharest

Our end-of-year user group wraps up ongoing and future projects, pinpoints accomplishments and targets, while also highlighting and strengthening partnerships, and helping identify new opportunities.

 

 

Looking forward to an amazing fairy tale year, full of energy and rewarded effort!

 

 

 

Kind Reminder: SWIFT 7.2 Mandatory Update

 

 

To ensure the continuity of your SWIFT services,

you have to upgrade by end November this year.

 

This applies to Alliance Access, Alliance Entry, Alliance Gateway, Alliance Web Platform Server-Embedded, SWIFTNet Link and SWIFT Web Access and the aim of the 7.2 release is to keep providing a highly secure SWIFT service to all customers, with equally important pluses as far as efficiency is concerned.

 

 

What Is New in the 7.2 Release

 

In brief, new features can be summarized as follows:

 

  • 64-bit architecture
  • Refreshed underlying technology
  • FileAct Enhancements
  • Strengthened password policies
  • Named Security Officers (for Access/Entry)

 

SWIFT 7.2 is a most welcome refresh in terms of technology and security, introducing a new operating system baseline to run this application suite on, combined with upgrades to the third-party software embedded in SWIFT products.

 

The new release introduces the 64-bit architecture in order to enhance performance and capacity and it can also be seen as a means of support for the security measures imposed by the Customer Security Programme.

 

 

What You Should Do About It

 

  • Upgrade SWIFT software components
  • Upgrade OS baseline and move to 64-bit
  • Evaluate and maybe even upgrade existing hardware

 

Hint: You might reuse your hardware if it is less than 2 years old and it is explicitly supported by new OS levels, but you should definitely consider replacing it if it has not been refreshed since the 7.0 Release.

 

Remember: You will lose the ability to transact over SWIFT if migration is not completed by end November.

 

 

*Allevo is SWIFT Business Partner and Registered Vendor. As part of this partnership Allevo promotes SWIFT product and service portfolio in Romania.

**The content of this blog post belongs to its author and does not reflect the official position of SWIFT.

***Should you wish to contact us, you may do so via e-mail / website form.

 

 

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