01 August 2015

Sterci secures SwiftReady 2012 certification

26 July 2012  |  1344 views  |  0 Source: Sterci

Sterci is proud to confirm its SWIFTReady 2012 certification for GTFrame for the 8th consecutive year.

GTFrame's certification comes at a critical phase in the SWIFT Funds standardisation programme as the SWIFT board has confirmed a mandatory Investment Funds migration deadline for Q4 2015. From this date, existing Investment Funds message templates (MT502, MT509, MT515) will be replaced by new MX Funds messages based on the ISO20022 standard. In preparation for this migration, some vital milestones approach. From Q1 2013 for example, restrictions will apply with incentives in the form of price reductions for early adopters and more critically disincentives through a combination of traffic fee increases for those delaying the migration.

Sterci's GTFrame alleviates the MT-MX migration headache as it already incorporates ISO20022 libraries and associated validation rules as well as the ISO15022 FIN MT libraries. The strength of the GTFrame offering is that any business application can use it to generate the new mandated messages and also translate MT to MX messages for non MX compliant counterparties. Clients can rely on Sterci as one of the primary vendors to have implemented MT to MX translation rules with a proven track record of live implementation with key fund institutions in Switzerland, Luxembourg, the UK and the US.

GTFrame is a comprehensive transformation and business flows integration solution. Regardless of the format and communication protocol, GTFrame ensures interoperability between legacy, national, SEPA and XML messaging standards. It provides an efficient rule-based mapping tool supporting all financial libraries such as SWIFT FIN, ISO20022, FIX, SIC, Secom, BACS and SARIE among others. Not limited to pure transformation, GTFrame adds additional value through its workflow engine - providing the ability to implement client specific business rules and market practices. 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
ING Bank introduces voice-activated mobile...
9185 views comments | 26 tweets | 30 linkedin
Will Uber be the Uber of banking?
7527 views comments | 40 tweets | 31 linkedin
Payments and capital markets sectors domin...
6373 views comments | 17 tweets | 18 linkedin
Singapore hires Citi veteran to lead new f...
5691 views comments | 13 tweets | 5 linkedin
Stripe lands new funding; signs deal with...
5621 views comments | 16 tweets | 18 linkedin

Featured job

Circa £100K Basic OTE £200K+ NO CEILING
London based with substantial travel in the Benelux Region

Find your next job