Success Story www .axw a y .com 1 BNP Paribas Fortis Axway Enables Automation of Bulk Payment Transfers BNP Paribas Fortis adopts SWIFTNet FileAct to Automate its Bulk Payments Transfers BNP Paribas Fortis is the banking arm of Fortis, a Belgo-Dutch banking and insurance group. In late 2003, BNP Paribas Fortis initiated a bulk-payments project. This was to replace the magnetic tapes used for low-value cross-border payments, such as pension payments, with its correspondents. Tape transfers are inefficient and unreliable compared to electronic file transfer. Tapes can also easily get corrupted and damaged, and the transfer process often has to be repeated. BNP Paribas Fortis was also facing potential risks related to outdated technology that was no longer supported. In addition, th

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