CheckFree Corporation today announced that the Accurate NXG reconciliation and exception management solution has been awarded the SWIFTReady Gold label for Cash and Securities Reconciliation for the eighth consecutive year.
SWIFTReady Gold is the highest level of certification awarded by SWIFT.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the financial industry-owned co-operative, supplying secure, standardized messaging services and interface software to over 8,100 financial institutions in 208 countries.
"CheckFree has once again demonstrated continued investment in its solutions, ensuring that they have the quality and adaptability to meet our increasingly stringent criteria," said Juanita Maes, business development manager, Partner Solutions at SWIFT. "Each vendor's technology is judged on its ability to provide automation and support of SWIFT standards and Market Practice."
Accurate NXG enables CheckFree's clients to identify, assess and mitigate operational risk and improve process monitoring through the automation and streamlining of their reconciliation and exception management processes.
"We are honored that SWIFT has granted CheckFree its highest levels of certification," said Mark Cappell, senior vice president and general manager, reconciliation and exception management for CheckFree. "By consistently investing in each of our solutions, CheckFree continues to meet the constantly changing requirements of both our clients and the global financial services industry. Our SWIFT-accredited solutions exemplify CheckFree's Applied Operational Intelligence approach, which provides our customers with a competitive advantage by driving performance and profitability, reducing operational costs and errors and potentially improving risk management capabilities."