Old National Bank, Axletree finalize SWIFT architecture

Old National Bancorp (ONB) and Axletree Solutions announced the completion of a partnership to, through the implementation of Symmetree by Axletree, host Old National’s updated SWIFT architecture. The enhancements provide a new level of highly-secure transaction messaging to ensure end-to-end control and complete transparency of banking transactions. Symmetree by Axletree is a centralized integration layer that integrates Old National’s existing systems and global messaging networks. The partnership has produced risk reduction, increased business continuity, and speed of execution. A unified interface provides visibility and control over all global messaging workflows; built-in logic to identify, flag, and correct non-compliant messages before transmission; Swift optimization; and ISO 20022 enablement, among other updates. The improved highly-secure architecture meets the ISO 20022 mandate, and establishes a scalable foundation for further international growth.