Managed file transfer (MFT) refers to software that facilitates the secure transfer of data from one computer to another through a network (e.g., the Internet). MFT software is often built to support the FTP network protocol. However, the term specifically describes software that remedy disadvantages associated with FTP.
Typically, MFT offers a higher level of security and control than FTP. Features include reporting (e.g., notification of successful file transfers), non-repudiation, auditability, global visibility, automation of file transfer-related activities and processes, end-to-end security, and performance metrics/monitoring.
MFT applications are available as both licensed software packages and SaaS. Some are specially designed for enterprise use while others are for sale to individual consumers. A few enterprise-focused SaaS MFT providers also manage the additions of new trading partners, which can free up a lot of IT resources.
MFT applications are characterized by having all or most of the following features:
- Support multiple file transfer protocols including FTP/S, OFTP, SFTP, SCP, AS2, and HTTP/S.
- Securely transfer files over public and private networks using encrypted file transfer protocols.
- Securely store files using multiple data encryption methods
- Automate file transfer processes between trading partners and exchanges including detection and handling of failed file transfers.
- Authenticate users against existing user repositories such as LDAP and Active Directory
- Integrate to existing applications using documented API
- Generate detailed reports on user and file transfer activity.
Read more about Managed File Transfer: Background, Different Flavors, Future
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