The Banking Orchestrator is designed to connect to virtually any bank, enabling seamless integration across diverse networks, channels and formats. Our flexible connectivity framework supports bespoke interfacing with financial institutions worldwide, ensuring full interoperability with each bank’s technical and operational requirements.
With its connection to the world’s primary financial messaging network, BKO enables clients to access their bank accounts through the most secure and reliable bank connectivity channel. Almost all banks are connected to the SWIFT network and can therefore offer the right type of interconnection to make their accounts accessible via BKO.
Finologee routes incoming and outgoing SWIFT messages using its own Bank Identifier Code (BIC) as a supervised entity (SUPE) on the SWIFT network. This status enables Finologee to act as a forwarding agent with clients’ banks, ensuring compliant and efficient message exchange. Where required, the client’s own BIC can also be integrated into the setup.
Through its SWIFTnet, EBICS H2H and other connection types, the FinologeeBKO connectivity reach is continuously increasing.
Connectivity to banks is established by jointly signing each bank’s Power of Attorney/SWIFT connectivity agreements and establish the RMA using Finologee’s BIC Code (FNLGLU22) for the account(s) to be connected.
This typically is a straightforward process, part of the standard procedures of most credit institutions.
For new banks, Finologee is running a series of tests and validating compatibility and any custom implementation of SWIFT protocols and messages with the bank. Finologee then continuously monitors proper execution and availability, as well as the specificities (cut-off times, error handling …) of each connected bank.
Credit institutions interested in speeding up the connection process by anticipation for their clients may also request to complete this process before connecting the first client account. Please get in touch should you want to evaluate this opportunity.
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