Trace Financial Limited today announced that its market leading financial messaging solutions, Cloverleaf finance and Transformer, have been awarded the SwiftReady Gold label in the Financial EAI (Enterprise Application Integration) category for the ninth consecutive year.
Cloverleaf finance is a comprehensive message integration and routing toolkit for in-house systems, third-party applications, financial messaging services such as SWIFT, TRAX, CREST and data vendor feeds.
The SWIFTReady GOLD label also covers Transformer, Trace Financial's flexible transformation tool. Transformer delivers world-leading financial message definition and transformation based upon a data-dictionary structure, comprehensive component re-use, in-built testing and simple deployment which combine to maximise speed, quality and ongoing ROI.
"We are delighted to receive this coveted recognition of our messaging and integration excellence from SWIFT for the ninth year in a row", said John Murphy, Managing Director of Trace Financial. He added, "Yet again, this enforces Trace Financial as a market leader in the financial messaging space in terms of our software solutions, experience and ability to deliver. Our customers find it very reassuring to partner with the industry experts."
To achieve the GOLD label for Financial EAI, products have to support the full SWIFT message library and demonstrate Market Practice compliance for ISO15022 messages and facilitation of Straight Through Processing (e.g. by transformation and routing capability). They must also offer various connection methods to the SWIFTNet network via SWIFTAlliance including FileAct and InterAct as well as file transfer protocols. Only software products that are compliant with all tests, including the proactive implementation of support for the new SWIFT ISO20022 solutions, receive the SWIFTReady GOLD label.