Sterci, the international software provider of STP solutions, today announced that SWIFT has renewed its product Steform with the SWIFTNet Ready 2006 accreditation for Funds.
The SWIFTNet Ready label is awarded to applications that adhere to a specific set of criteria linked to the support of SWIFTStandards XML messages (ISO 20022), connectivity to SWIFTNet messaging service and with installed customer base.
Steform, the Sterci Intelligent message builder EAI, includes the complete set SWIFTNet Funds 57 MX standard messages covering account management, order flows, transfers, reconciliation messages and price & cash forecast reporting.
Steform can be used by any funds application for Inbound or Outbound flow of information with an extensive mapping facility. Steform can select the right standard to be used according the message destination, ISO 15022 fund template MT502, 509, 515, 535 or the new ISO 20022 MX messages. The Steform access to SWIFTNet InterAct Store and Forward protocol can be supported either through SWIFTAlliance or Stelink. Steform has been recently selected by a major funds industry player in Luxembourg for their new standard adoption project.
Michèle De Boe, SWIFTNet Funds Programme Manager SWIFT comments: "Availability of certified off-the-shelf EAIs that fully support all SWIFTNet Funds functionalities hugely contributes to ease implementation and speed up market takeup. We are very happy to work closely with Sterci, and the Steform SWIFTNetReady 2006 Funds label reflects their true commitment to help automate and standardize the fund distribution industry."
Etienne Savatier Sterci head of marketing adds "the Steform technology based on Java and XML is ideal to ease the integration of the new standards into business applications. The messaging libraries supported by Steform includes : SWIFT FIN, ISO15022, ISO 20022 (Funds, Cash Reporting, E&I), FIX 4 to 4.4, SIC, Secom, SARIE, InterPAY. Steform suits well in a Service Oriented Architecture (SOA) to provide to legacy applications the mapping and connectivity services for financial messaging."