Source: Volante Technologies
Volante Technologies, the leading provider of platform-independent data management solutions to the financial services industry, announced today that SWIFT has awarded them the SWIFTReady Gold Messaging Library certification.
Volante's SWIFT-compatible product modules have been used by major financial service organizations for a wide variety of mission-critical applications, including payment processing, corporate actions, market data, best execution and trade processing.
The SWIFTReady Gold Messaging Library label is a new category that SWIFT created in 2006 based on the requirements of decoupling FIN messages from middleware in Service-Oriented Architectures (SOA) and Web Services environments - both of which are areas where Volante excels. As SOA has become the predominant architecture in the financial services industry, the demand to run FIN messages on application servers and Enterprise Service Busses, or as a library in a business application, has increased.
Volante's SWIFT-compliant products are used to build complex solutions for regulatory initiatives, including SEPA, Treasury Management and MiFID, because they provide out-of-the-box support for messaging formats like FpML, ISO 20022 (MX), ISO 15022 (MT), TWIST, ACH and EDI, and for other market formats. Additionally, they offer extensive support for defining business process logic (exception management, auditing, reporting, governance, etc). Volante also provides pre-built format library and message mapping capabilities between many of the complex formats, like MT & MX.
"Giving Volante this Gold certification was highly appropriate," said Eric Meirlaen, Business Analyst at SWIFT. "Volante simplifies the entire process of message management starting from message definition, mapping, transformation, documentation, message entry and repair, all the way through to database persistence. This is the kind of offering the SWIFT community can truly benefit from because it achieves a faster ROI."
"Volante's industry-leading SWIFT offering is a wonderful asset to independent software vendors like us," said Jacques Leblanc, CEO of Expertus. "Volante's SWIFT solution helped us get our payment solution out into the marketplace much more quickly. Volante elegantly solved a very complex message management problem to help us reduce costs for our entire client base."
"Statements like 'SWIFT is very difficult to implement' and, 'it takes longer to get connected to SWIFT' are no longer valid," said Vijay Oddiraju, CEO, Volante Technologies, Inc. "Volante has changed the entire time and cost equation by creating SWIFT-compliant applications that are quick to produce and easy to maintain."