PHOENIX--(EON: Enhanced Online News)--Looking to facilitate payments related to customs, trade and logistics to meet Thailand’s National Logistics Development objectives, National Interbank Transaction Management Exchange (NITMX) turned to Axway (NYSE Euronext: AXW.PA), a market leader in governing the flow of data, based on its expertise in integration and ability to govern critical business interactions.
“Not only was NITMX able to effectively meet the strict NSW Bank Gateway disaster recovery requirements, they were able to create a one point connection from banks to customs.”
NITMX was established in late 2005 to provide businesses, individuals and banks with access to electronic payment services, acting as a switching center for interbank, business-to- business, business-to-consumer and consumer-to-business payment transactions.
With the intent to become a center of business and trade in the Indochina Region, Thailand’s National Logistics Development Plan had to rely on a world-class logistics system. The main objectives of the plan were to enhance trade facilitation, increase cost efficiency, responsiveness to customers, reliability and security. In order to meet these objectives, NITMX needed a solution to manage payment transactions and trade finance between banks and traders via the National Single Window (NSW). NITMX selected Axway B2Bi, a component of the Axway 5 Suite as a comprehensive, packaged solution that integrates businesses with entire B2B communities, including suppliers, customers, financial institutions and regulatory bodies.
With Axway B2Bi, NITMX is able to govern their data flows in order to:
- Meet the NSW Bank gateway uptime and disaster recovery requirements
- Offer a standardized, secure infrastructure to meet the NSW Bank gateway
- Provide on-boarding methodology for debtor and creditor banks
- Address future product phases including financial services related to trade
“With Axway’s recognized expertise in governing the flow of data, we were able to build upon existing infrastructure and offer new services to set the stage for growth and development in the future,” said Miss Wanna Noparbhorn, Managing Director, NITMX. “We needed to deploy a platform that would allow us to meet the requirements of the National Single Window, and Axway was able to provide the technology to secure and move payments to stay ahead of industry changes and increase our position and role in the region.”
“For large Thai financial institutions whose services are dependent on technical capabilities and the ability to integrate with the NSW Bank Gateway with a secure standardized endpoint, having the right solutions in place is critical,” said Eric Chevrier, EVP, Sales & Operations, Growth Markets, Axway. “Not only was NITMX able to effectively meet the strict NSW Bank Gateway disaster recovery requirements, they were able to create a one point connection from banks to customs.”
To learn more about Axway’s B2Bi offerings: http://www.axway.com/products-solutions/b2b/b2bi-solutions
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Axway (NYSE Euronext: AXW.PA), a market leader in governing the flow of data, is a global software company with more than 11,000 public- and private-sector customers in 100 countries. For more than a decade, Axway has empowered leading organizations around the world with proven solutions that help manage business-critical interactions through the exchange of data flowing across the enterprise, among B2B communities, cloud and mobile devices. Our award-winning solutions span business-to-business integration, managed file transfer, API and identity management, and email security– offered on premise and in the Cloud with professional and managed services. Axway is registered in France with headquarters in the United States and offices in 18 countries.
About Axway 5 Suite
Axway 5 Suite offers control and optimization of the flow of data through integration, visibility, policy, security and reliability to govern business-to-business interactions, communities, systems and data types — within and beyond the enterprise edge.
Under direction from the Bank of Thailand, National Interbank Transaction Management Exchange (NITMX) is set up to be the key infrastructure and central data processing system that exchanges, manages, and processes data across member banks/organizations in order to support e-commerce, electronics fund transfer, etc. The system supports all kinds of electronic payments and funds transfer from various channels including ATMs, Counters, Internet and mobile channels. To foster the interoperability among banks, the system created utilizes open platform that are secured, efficient, and has the ability to respond rapidly to the ever changing business environment. Stemming from the Bank of Thailand's insight, NITMX is developing a framework to bring Thailand's electronic commerce and payment system to the same level as international best practice.