Systar (ISIN: FR0000052854-SAR), a leading provider of performance management software, today announced that its SWIFTAlliance Access (SAA) monitoring plug-in, part of Systar's BusinessBridge for Financial Message Monitoring solution, has been awarded the 2009 SWIFTReady Application label.
BusinessBridge is the industry-leading Business Activity Monitoring (BAM) platform and the first to have its monitoring plug-in earn SWIFTReady certification.
BusinessBridge for Financial Message Monitoring enables financial institutions to read, analyze and act on financial messages and files before they hit internal processing applications. It also extends monitoring capabilities for outbound messages from backend systems into the SWIFT gateway. This extended insight, covering end-to-end processes and into the SWIFT network, provides the advanced warning necessary to avoid missing payments that impact the financial institution and its clients.
SWIFT enables over 8,300 financial institutions in more than 208 countries to exchange millions of standardized financial messages daily. SWIFT awards product certification labels, based on a meticulous review process, to assist its user community in selecting third-party applications and services. Its SWIFTReady Application Alliance Plug-In label is awarded to compliant software that enriches the Alliance Access with business features that reduce operational risk, improve system performance and ensure regulatory compliance.
"We are pleased to award Systar with the SWIFTReady label," said Eric Meirlaen, Business Development Manager at SWIFT. "Solutions such as Systar's Business Activity Monitoring properly complement SWIFT interface offerings to mitigate risk and provide visibility, measurement and assurance of key business activities, ultimately enhancing our customer experience."
"Systar is committed to delivering BAM solutions that provide the banking industry with unprecedented insight into current operational performance," said Bertrand Bouhour, President of Systar, Inc. "We will continue to work closely with SWIFT to help its members increase efficiencies and mitigate risks."
In addition to monitoring SWIFT SAA messages, BusinessBridge for Financial Message Monitoring provides real-time insight into virtually all communication and messaging environments to deliver a complete solution for major financial institutions. It monitors across technical and organizational silos to anticipate incidents, identify messages at risk, and determine the root cause of nonperformance.