Microsoft Corp. today announced at Sibos 2008 that the Polish National Depository for Securities (KDPW) is implementing Microsoft BizTalk Accelerator for SWIFT for the transport, management and exchange of more than 4 million SWIFT transactions per year. As the central institution responsible for the management and supervision of clearing and settlement in Poland, KDPW will use Microsoft's leading solution for financial messaging integration, leveraging BizTalk Accelerator for SWIFT to help about 10 domestic and global customers efficiently and effectively connect to SWIFT.
"As the primary organization for the facilitation of clearing and settlement in Poland, KDPW strives to provide its customers with the highest global standards, including those for full securities dematerialization," said Slawomir Panasiuk, member of the management board, KDPW. "We needed to implement a solution that would allow our customers the best and most effective solution for exchanging SWIFT transactions with foreign depositories, but that also took our future international growth plans into consideration. Microsoft BizTalk Accelerator for SWIFT allows us to provide this connectivity quickly and easily, and provides the flexibility for us to connect additional financial institutions from around the globe as our clients need them."
Microsoft BizTalk Accelerator for SWIFT integrates quickly and easily with SWIFT Alliance, providing global connectivity with SWIFTNet. It provides a comprehensive, reliable and highly secure platform for the delivery of financial messages, and integrates easily into KDPW's mainframe system.
"KDPW plays a leading role in the financial markets in Poland, and this implementation demonstrates its commitment to working toward a service-oriented architecture (SOA)," said Sheida Hadji-Ashrafi, worldwide industry manager, Payments at Microsoft. "Microsoft is transforming payments services, and BizTalk Accelerator for SWIFT allows KDPW to continue driving toward both a holistic enterprise approach and new efficiencies for customers in their global connections with SWIFT."
Showing posts with label SWIFT. Show all posts
Showing posts with label SWIFT. Show all posts
Wednesday, 17 September 2008
Monday, 15 September 2008
Microsoft BizTalk for ING Investment Management
Microsoft Corp. announced today at Sibos 2008 that ING Investment Management has chosen Microsoft BizTalk Server 2006 to enable SWIFT connectivity into The Bank of New York Mellon Corp. (BNYM), the settlement counterparty appointed by ING for back-office operations. Having completed the proof of concept, the project is due to go live by the end of 2008 and will enable a timely transfer of settlement instructions and receipt and reconciliation of messages from BNYM. Coupled with a reduction in the number of parties involved in the transaction, these methods are expected to transform ING Investment Management's securities and payments processing to provide a significant, highly efficient message processing structure.
Using Microsoft BizTalk Server including BizTalk Accelerator for SWIFT, ING will gain the ability to exchange the complete set of ISO 15022 securities and payments messages directly from their internal applications to increase straight-through processing (STP), support compliance needs and reduce risk.
"We were looking for a solution where we could maintain our existing ING architecture, and one that was cost effective, easy to implement and offering more control and visibility of our business processes," said Thomas Schreier, senior vice president, Information Technology, ING Investment Management. "Microsoft's BizTalk Accelerator for SWIFT achieves all of this without adding complexity or causing disruption to our existing business operations. Microsoft's solution provides us with the required interoperability, reliability and flexibility for rapidly creating and deploying SWIFT-based financial messaging solutions as well as meeting our customers' needs more efficiently and effectively."
In addition, by using Microsoft BizTalk Server, ING will be able to efficiently transmit information to and from a newly established, centralized data storage system. This system will allow the firm to handle the expected increase of transactions that the business will face in the future as part of its expansion plans.
"The investment management industry is changing at a rapid pace," said Dayle Scher, research director, Investment Management, TowerGroup. "Asset managers need to support increasing volumes and support new securities and portfolio strategies. By outsourcing back-office operations, some of the pressure placed on the operations area can be relieved, allowing the firm to focus on its core activities of investing and providing value to its customers."
Using Microsoft BizTalk Server including BizTalk Accelerator for SWIFT, ING will gain the ability to exchange the complete set of ISO 15022 securities and payments messages directly from their internal applications to increase straight-through processing (STP), support compliance needs and reduce risk.
"We were looking for a solution where we could maintain our existing ING architecture, and one that was cost effective, easy to implement and offering more control and visibility of our business processes," said Thomas Schreier, senior vice president, Information Technology, ING Investment Management. "Microsoft's BizTalk Accelerator for SWIFT achieves all of this without adding complexity or causing disruption to our existing business operations. Microsoft's solution provides us with the required interoperability, reliability and flexibility for rapidly creating and deploying SWIFT-based financial messaging solutions as well as meeting our customers' needs more efficiently and effectively."
In addition, by using Microsoft BizTalk Server, ING will be able to efficiently transmit information to and from a newly established, centralized data storage system. This system will allow the firm to handle the expected increase of transactions that the business will face in the future as part of its expansion plans.
"The investment management industry is changing at a rapid pace," said Dayle Scher, research director, Investment Management, TowerGroup. "Asset managers need to support increasing volumes and support new securities and portfolio strategies. By outsourcing back-office operations, some of the pressure placed on the operations area can be relieved, allowing the firm to focus on its core activities of investing and providing value to its customers."
Microsoft Deal with SWIFT
Microsoft Corp. today announced at Sibos 2008 that it is signing a global partnership agreement with the Society for Worldwide Interbank Financial Transactions (SWIFT). The announcement signifies a new, higher level of close cooperation between the organizations, under which they will work together to deliver deep industry value and simplify SWIFTNet implementation for customers using Microsoft technology. It is a mutual, commercially based agreement between the organizations and will open further opportunities for financial service providers and midsize to large corporations to quickly and easily connect to SWIFT.
"The dynamics of financial messaging are changing as institutions look toward technology as a competitive differentiator," said Amanda Westwood, global head of SWIFT's customer service division. "SWIFT customers demand flexible messaging platforms that are cost effective to implement and integrate with their existing systems. The continued work Microsoft does to support SWIFTNet integration and SWIFTSolutions partners goes even further toward helping expand these solutions for our customers both within organizations and across boundaries. We expect our global partnership to promote additional adoption of SWIFT connectivity and SWIFTSolutions in the future."
The development of a SWIFT partner ecosystem will be an important aspect of the global partnership. Microsoft is providing a solid and highly secure foundation on which an expanded set of trusted industry partners can build and implement solutions for SWIFT and deliver stronger solutions for customers. It will also increase the choices available to customers, enabling them to better compete through more flexible and scalable financial messaging solutions.
As a respected voice in the area of payments technology, and demonstrating its further commitment to both SWIFT and its international partner ecosystem, Microsoft has, for the fifth year running, achieved the SWIFTReady Financial EAI Label for 2008 for BizTalk Accelerator for SWIFT, which will be included in Microsoft BizTalk Server 2009.
"We are constantly listening to our customers' feedback, and what we're hearing from the financial services marketplace today is that they are looking to Microsoft, as a respected leader in enabling payments solutions, to provide increased flexibility beyond core SWIFT offerings," said David Vander, worldwide managing director of Banking at Microsoft. "With BizTalk Accelerator for SWIFT we are enabling fast and easy system interoperability from bank systems to payments networks, thereby helping ensure that customers receive the best possible solution to their business issues, whatever their approach to payments may be. Microsoft continues to collaborate and invest in a trusted community of partners to develop an ecosystem of payments solutions. A number of these partners are represented here at Sibos, including SWIFT, CashFac, DATALOG, Decillion, EastNets, Expertus, Fiserv NetEconomy, Nimbus, SAGA, SMA Financial, SunGard and XSP, all of which support the development of innovative, cost-effective, mission-critical solutions that will deliver deep industry value for customers and more effectively meet their payments needs globally."
"The dynamics of financial messaging are changing as institutions look toward technology as a competitive differentiator," said Amanda Westwood, global head of SWIFT's customer service division. "SWIFT customers demand flexible messaging platforms that are cost effective to implement and integrate with their existing systems. The continued work Microsoft does to support SWIFTNet integration and SWIFTSolutions partners goes even further toward helping expand these solutions for our customers both within organizations and across boundaries. We expect our global partnership to promote additional adoption of SWIFT connectivity and SWIFTSolutions in the future."
The development of a SWIFT partner ecosystem will be an important aspect of the global partnership. Microsoft is providing a solid and highly secure foundation on which an expanded set of trusted industry partners can build and implement solutions for SWIFT and deliver stronger solutions for customers. It will also increase the choices available to customers, enabling them to better compete through more flexible and scalable financial messaging solutions.
As a respected voice in the area of payments technology, and demonstrating its further commitment to both SWIFT and its international partner ecosystem, Microsoft has, for the fifth year running, achieved the SWIFTReady Financial EAI Label for 2008 for BizTalk Accelerator for SWIFT, which will be included in Microsoft BizTalk Server 2009.
"We are constantly listening to our customers' feedback, and what we're hearing from the financial services marketplace today is that they are looking to Microsoft, as a respected leader in enabling payments solutions, to provide increased flexibility beyond core SWIFT offerings," said David Vander, worldwide managing director of Banking at Microsoft. "With BizTalk Accelerator for SWIFT we are enabling fast and easy system interoperability from bank systems to payments networks, thereby helping ensure that customers receive the best possible solution to their business issues, whatever their approach to payments may be. Microsoft continues to collaborate and invest in a trusted community of partners to develop an ecosystem of payments solutions. A number of these partners are represented here at Sibos, including SWIFT, CashFac, DATALOG, Decillion, EastNets, Expertus, Fiserv NetEconomy, Nimbus, SAGA, SMA Financial, SunGard and XSP, all of which support the development of innovative, cost-effective, mission-critical solutions that will deliver deep industry value for customers and more effectively meet their payments needs globally."
Friday, 12 September 2008
CGI Rated as Second Trade Services
Readers of Global Trade Review (GTR) have ranked CGI as the second leading trade services and supply chain provider in it’s 2008 customer survey on the trade services and supply chain market.
Global Trade Review, a leading international trade finance magazine, polled their readers to identify the leading players in trade services. The survey focused on which IT solution firms were actively meeting the latest technological innovations in the trade services area, including advancements in supply chain finance. GTR will post the results in their 2008 September/October issue, which coincides with SWIFT’s annual Sibos conference in Vienna, Austria.
“CGI is honored to be recognized by readers of GTR as a leader in the trade services market,” said Steven Starace, Director of Trade and Supply Chain Finance at CGI. “We have transformed our trade platform, Proponix360™, to match the changing industry trends, including supply chain finance, to provide the infrastructure and technology to support a bank’s global trade business. We are proud of our ability to provide banks with innovative technology solutions that enable them to form stronger, collaborative relationships with their trade clients.”
Global Trade Review, a leading international trade finance magazine, polled their readers to identify the leading players in trade services. The survey focused on which IT solution firms were actively meeting the latest technological innovations in the trade services area, including advancements in supply chain finance. GTR will post the results in their 2008 September/October issue, which coincides with SWIFT’s annual Sibos conference in Vienna, Austria.
“CGI is honored to be recognized by readers of GTR as a leader in the trade services market,” said Steven Starace, Director of Trade and Supply Chain Finance at CGI. “We have transformed our trade platform, Proponix360™, to match the changing industry trends, including supply chain finance, to provide the infrastructure and technology to support a bank’s global trade business. We are proud of our ability to provide banks with innovative technology solutions that enable them to form stronger, collaborative relationships with their trade clients.”
Thursday, 11 September 2008
RBS SWIFT Bureau Launched
The Royal Bank of Scotland announces the RBS SWIFT Service Bureau for corporates that require an outsourced service for connecting to the SWIFT network. The new service will form part of RBS’s extensive range of proven banking solutions to help corporate customers manage their payments needs. It will be of interest to companies who require direct connectivity to SWIFT - for example, those with high volumes of international payments or multiple banking relationships - but without the costs and management overheads of full SWIFT membership. It is unique in offering this service via a direct relationship with a trusted banking partner.
The RBS SWIFT Service Bureau will deliver all SWIFT data processing and connectivity in a secure, reliable and resilient environment with full backup, disaster recovery, systems maintenance, infrastructure upgrades and on-going support with real-time monitoring and contingency. In addition to connectivity, the bureau service also manages messaging and business functionality normally provided by in-house applications, such as message reformatting to comply with current and ongoing SWIFT standards and data enrichment and repair to increase Straight Through Processing (STP) rates. The service will deliver this functionality from a single secure connection, whilst customers still have full control and management of their SWIFT messages.
The bureau offers users a flexible, cost effective solution that provides one route to a real-time, intra-day view of all cash positions, enabling better cash and liquidity management. It will allow users to take advantage of value added services and SWIFT Business Solutions such as cash management, reconciliation and reporting.
Gary Wright, Head of International Cash Management and Product Development, Global Transaction Services, RBS says:
“Customer feedback showed that corporates want to make better use of the SWIFT network and are looking to leverage their existing banking relationships to achieve this. RBS is a trusted partner that can support all on-going connectivity needs. This service allows corporates to focus operational and IT staff on managing and growing their core business secure in the knowledge that SWIFT connectivity, along with their other banking services, is provided by the UK’s largest corporate bank.”
The RBS SWIFT Service Bureau will be powered by technology partner Simplex Consulting. David Reeve, Chief Executive Officer, Simplex Consulting comments:
“Corporates increasingly view management of SWIFT connectivity as part of their overall banking strategy. There is a clear need in the market for a service bureau for corporates that combines the reliability of a trusted bank such as RBS and proven service bureau technology from Simplex. This offering enables corporates to fully realise the benefits to be gained from using the SWIFT network.”
The RBS SWIFT Service Bureau will deliver all SWIFT data processing and connectivity in a secure, reliable and resilient environment with full backup, disaster recovery, systems maintenance, infrastructure upgrades and on-going support with real-time monitoring and contingency. In addition to connectivity, the bureau service also manages messaging and business functionality normally provided by in-house applications, such as message reformatting to comply with current and ongoing SWIFT standards and data enrichment and repair to increase Straight Through Processing (STP) rates. The service will deliver this functionality from a single secure connection, whilst customers still have full control and management of their SWIFT messages.
The bureau offers users a flexible, cost effective solution that provides one route to a real-time, intra-day view of all cash positions, enabling better cash and liquidity management. It will allow users to take advantage of value added services and SWIFT Business Solutions such as cash management, reconciliation and reporting.
Gary Wright, Head of International Cash Management and Product Development, Global Transaction Services, RBS says:
“Customer feedback showed that corporates want to make better use of the SWIFT network and are looking to leverage their existing banking relationships to achieve this. RBS is a trusted partner that can support all on-going connectivity needs. This service allows corporates to focus operational and IT staff on managing and growing their core business secure in the knowledge that SWIFT connectivity, along with their other banking services, is provided by the UK’s largest corporate bank.”
The RBS SWIFT Service Bureau will be powered by technology partner Simplex Consulting. David Reeve, Chief Executive Officer, Simplex Consulting comments:
“Corporates increasingly view management of SWIFT connectivity as part of their overall banking strategy. There is a clear need in the market for a service bureau for corporates that combines the reliability of a trusted bank such as RBS and proven service bureau technology from Simplex. This offering enables corporates to fully realise the benefits to be gained from using the SWIFT network.”
Tuesday, 2 September 2008
TAS Receives SWIFT Labels
TAS, the SWIFT Regional Partner and Expertise Centre for Italy, obtains new SWIFT labels for GARI GOLD Transaction Flow Manager.
TAS solutions have been certified SWIFTReady for Cash Reporting – both Provider and User, and for SEPA Credit Transfers. Certification of Exceptions and Investigations is in progress and has already obtained technical and functional validation. The new labels will be presented at SIBOS 2008.
TAS is continuing to implement SWIFT certification for its solutions and will soon deliver SWIFT readiness for Enterprise Application Integration (EAI) and for Funds.
TAS solutions have been certified SWIFTReady for Cash Reporting – both Provider and User, and for SEPA Credit Transfers. Certification of Exceptions and Investigations is in progress and has already obtained technical and functional validation. The new labels will be presented at SIBOS 2008.
TAS is continuing to implement SWIFT certification for its solutions and will soon deliver SWIFT readiness for Enterprise Application Integration (EAI) and for Funds.
Friday, 29 August 2008
Cloverleaf Given SWIFTReady for 10th Year
Cloverleaf®finance, a message broking solution from Trace Financial has been awarded the SWIFTReady Enterprise Application Integration label by SWIFT for the tenth consecutive year. No other organisation or product has gained greater recognition. Each year SWIFT introduces new challenges and each year Trace is able to demonstrate compliance, primarily due to the power and flexibility of the Cloverleaf®finance product.
In addition, Trace’s Transformer product has simultaneously gained the SWIFTReady Message Data Services (MDS) label.
To achieve this status Trace Financial has implemented a comprehensive suite of mappings between the SWIFT MT and MX standards and passed (100%) a comprehensive test suite to prove accurate implementation. The solution is capable of being deployed as a service in numerous technical architectures including J2EE, .NET, Web Services and within third party message brokers. The power of Transformer is that these mappings can be implemented and maintained without writing code and the same approach can be used for all messaging within a financial enterprise. Libraries are available for CREST, TRAX, FIX, FpML as well as SWIFT MT and MX and support for a client's proprietary formats.
Eric Meirlaen who is responsible for the two labelling programmes at SWIFT commented, “SWIFT is happy to acknowledge Cloverleaf®finance’s capabilities with the tenth consecutive SWIFTReady accreditation - the most that any product has achieved. Trace’s Cloverleaf has consistently demonstrated excellent performance against the demanding EAI criteria that SWIFT has set each year and we commend this achievement.”
He added, “The Transformer product has significantly impressed many people at SWIFT with its ability to handle complex financial message standards and to be deployed in numerous technical architectures. We are pleased to formally recognize and applaud these capabilities with the award of the SWIFTReady label in our Messaging Data Service category.”
In addition, Trace’s Transformer product has simultaneously gained the SWIFTReady Message Data Services (MDS) label.
To achieve this status Trace Financial has implemented a comprehensive suite of mappings between the SWIFT MT and MX standards and passed (100%) a comprehensive test suite to prove accurate implementation. The solution is capable of being deployed as a service in numerous technical architectures including J2EE, .NET, Web Services and within third party message brokers. The power of Transformer is that these mappings can be implemented and maintained without writing code and the same approach can be used for all messaging within a financial enterprise. Libraries are available for CREST, TRAX, FIX, FpML as well as SWIFT MT and MX and support for a client's proprietary formats.
Eric Meirlaen who is responsible for the two labelling programmes at SWIFT commented, “SWIFT is happy to acknowledge Cloverleaf®finance’s capabilities with the tenth consecutive SWIFTReady accreditation - the most that any product has achieved. Trace’s Cloverleaf has consistently demonstrated excellent performance against the demanding EAI criteria that SWIFT has set each year and we commend this achievement.”
He added, “The Transformer product has significantly impressed many people at SWIFT with its ability to handle complex financial message standards and to be deployed in numerous technical architectures. We are pleased to formally recognize and applaud these capabilities with the award of the SWIFTReady label in our Messaging Data Service category.”
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