Friday, 9 November 2007

Software AG Awarded SWIFTReady Financial EAI Gold Certification ’07

Business infrastructure software provider Software AG has been awarded SWIFTReady Financial EAI Gold Certification for 2007, the organization’s highest level of certification for interoperability.

The announcement was made at Sibos 2007 Boston, an annual global conference and exhibition, organized by SWIFT or the Society for Worldwide Interbank Financial Telecommunications and one of the world’s largest forums for the financial services sector.

More than 8,000 financial institutions in more than 200 countries and territories depend upon SWIFT certification to ensure reliable, secure and assured messaging between member institutions.

In its evaluation, support for current SWIFT messaging types, mappings and associated best practices; adherence with established guidelines for Straight Through Processing (STP), including transformation and routing; and demonstrated support for SWIFTNet connectivity were specifically assessed.

“Software AG’s continued adherence with our rigorous testing reflects the real commitment they’ve made to meet the needs of the financial services sector. This is particularly noteworthy due to the company’s significant reach into over seventy countries around the world,” said Eric Meirlaen, EAI Industry Analyst, SWIFT.

Software AG’s global customer base includes over five hundred financial services institutions around the world.

“Software AG is a globally recognized leader in the financial services sector that has long met the uncompromising standards associated with high volume, high speed and high assurance transactional environments,” said Ivo Totev, chief marketing officer, Software AG.

“We’re also differentiated by our time-to-value. Based on the flexibility of our webMethods platform, our embedded support for key industry standards, and the availability of preconfigured process frameworks, KPIs and best practices, customers are up and running with our solutions in a fraction of the time required by competitive alternatives. This adaptability and responsiveness is critical to financial institutions due to their need to respond to new customer demands and marketplace changes on a daily basis.”