SWIFT has announced that it will let financial institutions connect to its network through a number of public cloud providers.

Cloud suppliers allowed on the network include Amazon Web Services, Google Cloud, and Microsoft.

SWIFT said the move would “streamline access to the world’s leading financial messaging service to enable new innovation while ensuring robust resiliency and security”.

“Cloud technology has been game-changing for the financial industry over the past decade and will be a key enabler of future forms and flows of money,” said Stephen Gilderdale, chief product officer, SWIFT. “We are proud to build upon our existing success with cloud strategies to help our community securely access the SWIFT network across the globe with ease and to benefit from the power of the public cloud.”

Connection to the SWIFT network will enabled through Alliance Connect Virtual – a new connectivity option that enables users to deploy SWIFT VPN connections with the selected public cloud providers instead of hosting hardware in their own data centres.

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