Recently SWIFT announced the final retirement date for the MT-message types currently in use within the Fund processing industry and also introduced incentives for early adopters of MX-message types and disincentives for those continuing with the MT-message types.

To support and attract early adopters of the SWIFTNet Funds solution, Swissrisk have launched a special package combining both short-term Return on Investment (ROI) combined with highly attractive Total Cost of Ownership (TCO), fast project implementation times and functional guarantees.

Swissrisk's "X-Gen for Funds" solution allows clients to improve their Straight Through Processing (STP) rates for Funds processing by combining all the relevant market standards and specialized business processes. X-Gen has been certified with its eight consecutive "SWIFTReady Funds" label and is already in use by dozens of its customers.

"Our approach is simple: We support our customers in the best and most professional way possible and this special package offering is no exception. We are able to provide banks and asset managers with an ideal solution to their requirements" says Georg Sauberer, Area Manager Financial Messaging & Workflow of Swissrisk Financial Systems.

"Particularly our Luxembourg clients, who have been able to significantly increase their processing efficiency by using "X-Gen for Funds". We are extremely proud of the excellent feedback we have received from them where our skill and practical experience gained in countless installations makes our offering unique" adds Norbert Steinbach, Country Manager Luxembourg at Swissrisk.