Neon pitches STP solution at SwiftNet users

Neon pitches STP solution at SwiftNet users

New Era of Networks (Neon) has launched a software package designed to take advantage of a new generation of IP-based interactive and real-time messaging capabilities promised by the Society for Worldwide Interbank Financial Telecommunication (Swift).

Neon's e+1 STP solution combines elements of IBM MQSeries Integrator, e-Biz Integrator software, Neon Portal Server, and Neontrack software with the NEON e+1 family of products to manage complex banking transactions as a single, automated business process. The e+1 family of products includes Swift, FIX and trade connectivity, and order management software.

The package has been put together so that banks may take advantage of SwiftNet, a new generation Internet-based financial messaging network being phased in by Swift.

The bundled release from Neon enables banks to offer automated communication to their clients and provide support for multiple Swift message standards including the new ISO 15022. This new standard consists of syntax and message design rules, a dictionary of data fields and a catalogue for existing and impending messages.

Doug Jeffrey, Neon president of financial services, says Neon will offer banks a Swift upgrade programme as part of the package.

All components of the solution are available immediately. Pricing begins at $50,000 per component and varies per configuration.

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